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Analysts lift Asian companies' forward 12-month earnings higher than its global peers

Analysts are upgrading Asian companies’ forward 12-month earnings estimates at a higher pace than for the U.S- and European firms, Refinitiv data showed, on expectations that Asia’s faster recovery from the COVID-19crisis would bolster earnings.

For a graphic on Breakdown by country for estimates changes in last 30 days:

For a graphic on Change in Asian companies profit estimates this year:

For a graphic on Breakdown by sector for estimates changes in last 30 days:

For a graphic on Breakdown by sector for estimates changes this year:

Paul Sandhu, head of multi-asset quant solutions at BNP Paribas Asset Management, said Asia’s better handling of COVID-19 compared with developed markets could also bolster the region’ stocks in coming months.

“Asia will be supported by a risk on trade both from a equity profits perspective but also from currency profits,” he said.

Reference: Reuters