Better earnings seen next year

Update time: (from left) Aberdeen Islamic Asset Management Sdn Bhd CEO Gerald Ambrose, Aberdeen International Fund Manager Ltd head of multi-asset solutions Asia Pacific Irene Goh, Smith and Hasif at the briefing.

PETALING JAYA: After a year of a wavering local stock market marred by soft corporate results, Aberdeen Islamic Asset Management Sdn Bhd expects corporate earnings to improve by 5%-10% next year.

Aberdeen head of corporate governance David Smith said growth trajectory of corporate earnings for next year would be faster than the fund’s economic growth forecast on Malaysia of between 4% and 5% in 2017.