Corporate earnings seen growing 6% to 7% in 2023

Plantation and banking sectors to drive growth

KUALA LUMPUR: Corporate earnings in Malaysia are forecast to grow by 6% to 7% in 2023, based on the overall consensus view of equity analysts, depending on how the economic landscape plays out in the next 12 months, says Standard Chartered Bank (StanChart).

“Given where crude palm oil prices are and as the banking or financial sector is a key component of the local stock exchange – close to 40% of the earnings come from the financial sector – these two core sectors alone should drive a fair bit of the earnings coming through,” said StanChart head of managed investment and investment advisory Danny Chang.