Goldman Sachs said while the earnings outlook has improved modestly, investors should remain strapped in.
“Our [Earnings Revision Leading Indicator] model projects that earnings revisions could stay bumpy on weak macro data despite their recent stabilisation.”may see the most favourable earnings revisions given the positive momentum of 2024 earnings revisions upgrades, strong surprise rebound in IP and continued tech exports recovery.Singapore, Malaysia and Thailand’s resilient PMI and retail sales should contribute to relatively better earnings revisions in ASEAN.
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Source: FinancialReview - 🏆 2. / 90 Read more »