PETALING JAYA: The third-quarter results season largely disappointed analysts and fell below consensus estimates, which was another reason for the weak overall stock market performance.
“The November results season was a disappointment, as the percentage of stocks in our universe that missed expectations increased from August’s (2Q2014) 30% to 36%,” said CIMB Research in a report. This was based on the 117 listed companies under CIMB Research’s coverage.
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