Need for more realistic expectations

Rakuten's Lau says the outlook is mixed, given the recent first-quarter earnings reports.

KUALA LUMPUR: Investors appear to be focusing on the negatives of the recently concluded dismal first-quarter 2023 (1Q23) corporate earnings results as the risk sentiment turns more cautious, say analysts and fund managers.

Many opined that these expectations have been high coming into the new year and are now needed to be re-calibrated closer to reality, following the performance of the 1Q23 report card.