Time to buy is now

Improved performance: An investor monitors stock market prices at a brokerage in Kuala Lumpur. Since its recent low of about 1,598 points on May 24, the FBM KLCI has performed reasonably well with the benchmark index gaining some 2.8% over the past three weeks alone.

AFTER the end of the fourth quarter 2018 results season three months ago and due to the poor set of results, we entered into earnings recession, which is defined as back-to-back negative earnings growth for the two consecutive quarters measured on a year-on-year (y-o-y) basis.

As we had just completed the first quarter 2019 earnings season, has corporate Malaysia’s earnings improved or worsen?