Analysts up Asia’s forward 12-month earnings forecasts on recovery hopes

analysts up asias forward 12 month earnings forecasts on recovery hopes

Sumary of Analysts up Asia’s forward 12-month earnings forecasts on recovery hopes:

  • (Reuters) – Analysts continue to lift Asian companies’ forward-12 month earnings on optimism over economic recovery, although last month upgrades were the smallest in nine months, hit by worries over a surge in coronavirus infections in some areas..
  • A currency dealer, wearing a mask to prevent contracting the coronavirus, looks at electronic boards showing the Korea Composite Stock Price Index (KOSPI) and exchange rate between the U.S..
  • REUTERS/Kim Hong-Ji Refinitiv data shows a rise of 0.6% in March in the forward 12-month earnings estimates of MSCI Asia-Pacific index firms, for the smallest upgrade since June last year..
  • South Korea and Taiwan saw earnings upgrades of 3.5% and 2.4% each in the past month, helped by strong demand for technology products…

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