February 21, 2020

StarMine Models Pick ASEAN Companies for FY 2019 Earnings Beats

by Tajinder Dhillon.

The StarMine team has selected five ASEAN companies, using Eikon Screener by Refinitiv, that we expect to beat FY19 earnings estimates, based on SmartEstimate® and Predicted Surprise data.

Our ASEAN picks for positive Predicted Surprises in FY19 are — BDO Unibank Inc (BDO.PS), Bumi Serpong Damai Tbk PT (BSDE.JK), BGrimm Power PCL (BGRIM.BK), BIMB Holdings Bhd (BIMB.KL), and Astro Malaysia Holdings Bhd (ASTR.KL).

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

BDO Unibank Inc (BDO.PS)

Bumi Serpong Damai Tbk PT (BSDE.JK)

BGrimm Power PCL (BGRIM.BK)

BIMB Holdings Bhd (BIMB.KL)

Astro Malaysia Holdings Bhd (ASTR.KL)

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