EPS growth of 2.7% likely to be revised downwards

Socio-Economic Research Centre executive director Lee Heng Guie(pic) highlighted that there will be a higher degree of impact on corporate earnings that will surface after the four-week movement control order (MCO).

PETALING JAYA: Market earnings expectations are currently too optimistic, with consensus expecting FBM KLCI earnings per share (EPS) growth of 2.7% for 2020.

This is largely due to previous expectations of positive market earnings growth for 2020, which have yet to be revised.