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Upcoming results season may not be a pretty sight

Market will be dissecting numbers from exporters, telcos, banks, logistics firms; bright spots likely to include S-Reits

"We would tend towards a lacklustre Q3 earnings season for most companies, given the ongoing US-China trade uncertainty that have continued to negatively affect business sentiment," says DBS' Ms Chua.

"For Singapore, and based on the STI, earnings growth is likely to ease off by some 2.4 per cent in FY19 before recovering in FY20 with earnings per share growth of about 6 per cent", says OCBC's Ms Lee.

SIA, SIA Engineering and Sats are some of the companies that could be hit, says Maybank Kim Eng's Mr Sinha.

The four-month-long Hong Kong protests could hit Singapore-listed firms including Dairy Farm, says CGS-CIMB's Ms Lim.


THE upcoming earnings season will be greatly scrutinised by investors for clues on the extent of damage wrought by the ongoing trade war and the impact of the unrest gripping Hong Kong, though pundits said there are a few bright spots such as S-Reits (Singapore real estate...

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