February 15, 2019

StarMine Models Pick Asia Companies for FY 2018 Earnings Misses

by Tajinder Dhillon.

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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