The 6 unprofitable industries of 2Q12

Overall earnings of listed companies moderated 6% YoY dragged largely by commodities-related.

On a quartery basis, 2Q12 earning eased 2%, said DBS Vickers.

According to DBS Vickers, the commodities-related plays registered huge drops in earnings, both on a y-o-y and q-o-q basis, down 43% and 27% respectively. Wilmar and Indo Agri Resources were hit by seasonally higher cost.

"Results for both stocks were way below our expectations, despite our prior warning back in July that 2Q results will be weak. Earnings for Consumer Goods sector was also weak, easing 20% and 34% respectively, mainly affected by margin squeeze," said DBS.

The four other sectors reporting loss include: Basic materials (-18%); real estate 14%, financials (-13%), andconsumer service (-7%),