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earnings forecasts
Tong's Portfolio
Which will remain in 12 months' time - the Covid-19 pandemic or the effects of the stimulus?
Historically, analysts have never been very good at revising down earnings estimates, especially during crises. Worse, the current health crisis has no precedence for guidance.
April 17, 2020
Broker's Calls
Analysts slash earnings forecasts for ComfortDelGro as Covid-19 slams brakes on taxi business
DBS has cut its FY2020F and FY2021F earnings by 19% and 11% respectively, while CGS-CIMB has slashed its FY2020-2022F earnings per share (EPS) forecasts by 13.4%-38.6%.
March 31, 2020