Balance sheet, cashflow matter


Rakuten Trade research head Kenny Yee said with all the uncertainties surrounding corporate earnings, it is essential to re-look at valuation methodologies as the traditional PER and earnings per share (EPS) may no longer be valid during the pandemic.



PETALING JAYA: There has been a downgrade of corporate earnings across the board, save for beneficiaries of the coronavirus (Covid-19) pandemic and the plantation sector.

Yet corporate earnings are still marred with uncertainties as analysts are unable to gauge the eventual impact of the pandemic, mainly due to the 45 days of non-operation for most businesses due to the movement control order (MCO) since March 18 before it was converted into a conditional MCO on May 4.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Toyota to post first profit drop in 2 years as demand cools after big run
China's services activity picks up as conditions improve, Caixin PMI shows
Ringgit opens higher as US$ weakens post-NFP data
Bursa Malaysia drifts sideways as investors await start of US election
Trading ideas: SD Guthrie, Dayang, Datasonic, Elridge, Genetec, MN, Bina Puri, Bintai Kinden, MCE, BHIC, Carimin, Tuju Setia, Khee San
Wall St slips as uncertainty surrounds U.S. election
Oil jumps nearly 3% after Opec+ delays output hike, US election in focus
Datasonic acquires 51% stake in ICT firm
High real estate credit growth raises concern
Elridge Energy inks 15-year biomass fuel deal

Others Also Read