Refinitiv data showed analysts raised estimates for large and mid-cap firms by 0.8% over the past month. They now expect earnings to grow 13% in 2020, compared with an estimated 4.5% in 2019.
ANALYSTS have raised their estimates for Asian firms' 2020 earnings, data showed, as hopes of a US-China trade deal as well as expected recovery in economic growth backed by central bank easing measures bolstered sentiment.
Refinitiv data showed analysts raised estimates for large and mid-cap firms by 0.8% over the past month. They now expect earnings to grow 13% in 2020, compared with an estimated 4.5% in 2019.
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