Q3 corporate earnings likely to be weaker: Analysts
No eye-popping numbers expected, following signs of slowing economy
Published on Oct 6, 2012 6:00 AM
Singapore companies are unlikely to post any show-stopping earnings figures in the coming weeks but this should come as no surprise to investors keeping up with recent economic data, say analysts.
The signs point to a slowing local economy - factory activity has been slowing for the past three months, exports have fallen and inflation dropped to its lowest level in nearly two years in August.
As a result, analysts do not have high expectations for third- quarter corporate earnings, said OCBC Investment Research head Carmen Lee.
"This last one or two quarters, the economic data has been lower than expected, so people have moderated their expectations and there shouldn't be any major negative shocks," she added.
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