KUALA LUMPUR, Dec 28: The Malaysian market is expected to remain tough next year as corporate earnings remain weak, said Eastspring Investments Bhd general manager of investment services Yvonne Tan.
“Corporate earnings forecast in the beginning of the year were about high single-digit growth. As of now, market is actually looking at a negative growth of 3%. Early last year, people were expecting high single-digit earnings growth but, towards the end, the earnings were revised to negative 5%. So this is the second year again we drop to an EPS (earnings per share) decline for the whole market. That doesn’t really help. Earnings are quite weak at corporate level,” she toldSunBiz in an interview.
To read the full article, please visit 2016 Will We Tough For Malaysian Market, Says Eastspring Investments
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