Danny: 'The market is still on an uptrend although with uncertainties'.
THE second-quarter results have just come to a close, and word on the street is that the results just weren't up to the mark. This was especially seen in the mid cap stocks. While some government-linked companies also disappointed, the shortfalls weren't significant.
The poor corporate earnings came on the back of strong gross domestic product (GDP) growth of 5.4% for the second quarter and the slew of contracts that were dished out progressively during that time period. How is it that this has failed to translate to better corporate earnings?
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