The StarMine team has selected five Asia companies, using Eikon Screener by Refinitiv, that we expect to beat 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 positive Predicted Surprises in FY18 are — Beijing Enterprises Holdings Ltd (0392.HK), Voltronic Power Technology Corp (6409.TW), Eisai Co Ltd (4523.T), Bandai Namco Holdings Inc (7832.T), and Fuji Media Holdings Inc (4676.T).
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%.
Positive surprise predictions
Beijing Enterprises Holdings Ltd (0392.HK)
Voltronic Power Technology Corp (6409.TW)
Eisai Co Ltd (4523.T)
Bandai Namco Holdings Inc (7832.T)
Fuji Media Holdings Inc (4676.T)
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