Rakuten Trade research head Kenny Yee said with all the uncertainties surrounding corporate earnings, it is essential to re-look at valuation methodologies as the traditional PER and earnings per share (EPS) may no longer be valid during the pandemic.
PETALING JAYA: There has been a downgrade of corporate earnings across the board, save for beneficiaries of the coronavirus (Covid-19) pandemic and the plantation sector.
Yet corporate earnings are still marred with uncertainties as analysts are unable to gauge the eventual impact of the pandemic, mainly due to the 45 days of non-operation for most businesses due to the movement control order (MCO) since March 18 before it was converted into a conditional MCO on May 4.
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