WHAT a fourth quarter of last year’s (4Q22) performance corporate Malaysia had! From the washout report card produced by Pharmaniaga Bhd, which escalated to its parent company, Boustead Holdings Bhd, to relatively strong quarterly performance among banking stocks, while the nearly forgotten glove sector had a dubious record with all of them posting a quarterly net loss.
Overall, it was more of an earnings season to forget as companies that disappointed the market matched those that posted earnings that were above expectations.