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%.
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)