H1 corp earnings a big let-down
Analysts warn that defensive S'pore stocks like Reits and telcos may come under pressure as headwinds continue
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
PLEASANT surprises were few and far between in the most recently ended quarter of corporate earnings in Singapore. Results in the season largely disappointed, particularly in the troubled offshore and marine industry, analysts said, adding that the outlook for the rest of the year was gloomy especially for sectors such as banks.
As at 7.13pm Friday, 394 Singapore-listed companies had released their financial results for the six months ended June 2016, figures compiled by The Business Times showed. About two-thirds of them or 260 companies were in the black for the half-year and the remaining 134 were loss-making.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Aiming at China, Malaysia puts new restrictions on electric cars
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
