18 July 2012

Asian Alpha Navigator [ PDF ] Yearning for earnings - CIMB



Asian Alpha Navigator  PDF ]
Yearning for earnings
- by Dylan CHEANG

The recent slew of downbeat macro data from the US and China suggest that substantial earnings downgrades for Asian markets loom. Our top-down analysis shows a 10 percentage point cut to consensus earnings growth. Growth expectations for Korea are overly optimistic while on the flipside, expectations for Indonesia are excessively downbeat.RDD


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