Singapore firms surpass expectations in Q4: report
But analysts turning more bearish on earnings estimates for current year
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SEVERAL Singapore-listed companies have beat market forecasts with their fourth-quarter results, but are also recording weaker expectations from the street for their 2014 results.
A Morgan Stanley report released this week showed that among the 70 per cent of companies covered in the research that had reported their fourth-quarter earnings, about half had beaten analysts' expectations.
Singapore had the highest proportion of such better-than-expected performances among three Asean countries when compared with Indonesia and Thailand, the report said.
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