Positive revisions only for property and technology sectors as economy goes through a patchy recovery

SINGAPORE (Aug 23): Only selective segments of the economy has benefitted from the economic recovery year to date, according to DBS.

In a Wednesday report, analyst Yeo Kee Yan says that property – Capitaland, Frasers Centrepoint Limited and Perennial Real Estate – as well as technology – Venture Corp and Hi-P – sectors saw upward revisions to earnings, while other sectors saw mixed adjustments or cuts to earnings.

“There was a modest downward tweak to earnings for stocks under our coverage,” says Yeo.

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