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Phase 2 could cause earnings deterioration for upcoming 2Q results: CGS-CIMB

Jeffrey Tan
Jeffrey Tan6/2/2021 01:49 PM GMT+08  • 2 min read
Phase 2 could cause earnings deterioration for upcoming 2Q results: CGS-CIMB
Banks, which typically drive the market EPS, may be more conservative in their assessment of asset quality, says CGS-CIMB.
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Photo: Bloomberg

With Singapore currently under Phase 2 (Heightened Alert), Singapore Exchange-listed companies could see a deterioration in earnings for the next results season.

CGS-CIMB Research says the “blip of Phase 2” could see the earnings per share (EPS) upgrades of SGX-listed companies taper in 2Q 2021.

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