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February 5, 2018

StarMine Models Asia Companies for FY2017 Earnings Misses

by David Aurelio.

The StarMine team has selected five Asian companies, using the Eikon Screener, that we expect to misses earnings estimates, based on SmartEstimate® and Predicted Surprise data.

Historically, our picks have demonstrated an accuracy rate of about 73% accurate, giving investors an edge ahead of earnings announcements.

Our Asian picks for negative Predicted Surprises in FY2017 are — CSC Financial Co Ltd (6066.HK), Shandong Denghai Seeds Co Ltd (002041.SZ), Lafarge Malaysia Bhd (LAFA.KL), Huadian Power International Corp Ltd (600027.SS), and PCCW Ltd (0008.HK).

SmartEstimates® aim to provide earnings forecasts that are more accurate than I/B/E/S Consensus Estimates, by putting more weight on the recent forecasts of top-rated analysts. When SmartEstimates® diverge significantly from Consensus, you can anticipate the occurrence of earnings surprises with an accuracy rate of 70%. Revenue SmartEstimates® are even more predictive of surprises, with a historical accuracy rate of 78%.

Negative Surprise Predictions for Asia

Sources: StarMine, I/B/E/S, Eikon

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Which 5 Asia companies does our StarMine team predict will beat earnings expectations? Find out here

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