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Guess which sector had stellar performance in latest results season
Singapore firms beat expectations.
According to CIMB, 4Q corporate profits finally had more companies beating expectations, after three quarters of more negative surprises.
The sector with the biggest number of outperformers was the commodity sector, with both plantation stocks and supply chain managers surprising positively.
Here's more from CIMB:
Banks also contributed a few overachievers (on stronger fee income). Other notables were City Development (higher development profits), Suntec (completed AEI) and Thai Beverage (effect of selling price hikes).
Capital goods also beat expectations but that was less impressive as it was driven by less operational reasons.
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