Corporate Malaysia has turned the corner

THE recently concluded second-quarter 2022 (2Q22) reporting season did not entirely disappoint, as more companies reported earnings that were ahead of expectations and with the consensus now raising market expectations of a stronger 2023 earnings season than this year.

Compared with the resource-based companies that outshined in the 1Q22 period, in the 2Q22 period, it was the banking sector, selected consumers, including the automotive sub-sector, as well as property and real estate investment trust or REIT companies that posted earnings that beat expectations.