Home Capital Broker's Calls

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.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

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.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now