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

Published Thu, Nov 16, 2017 · 09:50 PM

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 earnings by Singapore primary-listed companies rose 22.7 per cent year on year in the third quarter, going by the data compiled by Bloomberg from among 480 companies that reported their quarterly results between Oct 1 and Nov 15.

Of those companies, 284 reported better results, and 195 had poorer results. (No comparison was available for one company.)

Separate preliminary data compiled by The Business Times showed that of the third-quarter earnings from 333 companies with December year-ends that had reported results as at Nov 15, 197 (59 per cent) posted…

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