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Tech sector shines in Q3 earnings, banks could be weaker in Q4
Data compiled by BT shows that of 333 companies with Dec year-ends, Q3 earnings were better for 197, and worse for 134
While technology manufacturing and gaming are likely to post strong results in the next quarter as well, the same cannot be said for banks, which may be weaker quarter on quarter if players such as OCBC and UOB use their excess general-provisions reserves to clean up their books in Q4 2017.
PHOTO: ST FILE
Singapore
THE technology sector recorded stronger than expected growth for this earnings season, even as observers pointed out that the banking sector could possibly be headed for a weaker performance in the current quarter.
Meanwhile, aggregate...
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