Analysts raise Asian firms' 2020 earnings forecastsEmployees work inside a sari (traditional clothing worn by women) manufacturing factory in Surat, India, March 8, 2019. Refinitiv data showed analysts raised estimates for large and mid-cap firms by 0.8% over the past month. "In 2020, AeJ should see earnings recovery on a lower earnings base, and a likely bottoming out of the (chip) memory cycle, which we believe has already occurred." The data showed Indian firms are likely to lead the region with earnings growth of 36% in 2020, followed by South Korea and Vietnam. Asian shares have seen a strong rally after tepid growth last year, mostly due to an anticipated earnings recovery in 2020, analysts said.

Source: Bangkok Post November 26, 2019 07:54 UTC