Earnings prospects intact
Stephanie Jacob | 09 Mar 2018 00:30
Market volatility will be a feature of the market in the near term, says Ching
There was a mixed bag of corporate results for the fourth quarter of last year (Q4FY17) which overall pointed to a continuing recovery on the local bourse.

Although the numbers posted lacked positive surprises, they nonetheless indicate that the earnings recession for Malaysian equities has ended, according to AllianceDBS Research’s Bernard Ching.

The Q4 corporate earnings within the research house’s coverage grew 2.6% year-on-year despite more misses. Full-year growth for the FBM KLCI last year came in at 6.8%, compared to the earlier estimate of 5.2%.

“This signifies the end of the earnings recession for Malaysian corporates,” Ching pointed out in a recent outlook report.