Latest round of quarterly results shows corporate earnings recovery momentum remains intact 01 Mar 2021 / 09:30 H.
PETALING JAYA: Analysts have opined that the latest batch of quarterly corporate earnings are commendable despite rising Covid-19 infections that led to a reimposition of movement restrictions, which were mitigated by a strong performance on the trade front.
JF Apex head of research Lee Chung Cheng views the latest round of corporate results as above market expectations.
“There had been some signs of recovery in third quarter earnings, and fourth quarter earnings demonstrated that the recovery momentum is moving forward,” he told
SunBiz.
Nonetheless, Lee noted that there were not many surprises for the quarter, as the strong performance of certain sectors such as gloves and technology were within his expectations.
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