Two FBM KLCI component stocks under AmInvestment Bank’s coverage have exceeded the research house’s projections for the first quarter of 2020, namely, Petronas Gas and Petronas Chemicals.
PETALING JAYA: The bulk of the corporate earnings reported for the first quarter of this year do not look favourable to-date and this effect is expected to be extended, said analysts.
Kenanga Research highlighted that of the 84 earnings announcement thus far, earnings downgrades overwhelmed upgrades by a ratio of 4:1.
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