The StarMine team has selected five Asia companies, using Eikon Screener by Refinitiv, that we expect to miss FY18 earnings estimates, based on SmartEstimate® and Predicted Surprise data.
Our Asia selections for FY17 were 70% accurate, which can be seen here.
Our Asia picks for negative Predicted Surprises in FY18 are — Symphony Ltd (SYMP.NS), GCL-Poly Energy Holdings Ltd (3800.HK), Tongda Group Holdings Ltd (0698.HK), China Resources Beer Holdings Co Ltd (0291.HK), and Geely Automobile Holdings Ltd (0175.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
Symphony Ltd (SYMP.NS)
GCL-Poly Energy Holdings Ltd (3800.HK)
Tongda Group Holdings Ltd (0698.HK)
China Resources Beer Holdings Co Ltd (0291.HK)
Geely Automobile Holdings Ltd (0175.HK)
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