February 21, 2020

StarMine Models Pick ASEAN Companies for FY 2019 Earnings Misses

by Tajinder Dhillon.

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

Our ASEAN picks for negative Predicted Surprises in FY19 are — Central Plaza Hotel PCL (CENTEL.BK), Quality Houses PCL (QH.BK), PETRONAS Chemicals Group Bhd (PCGB.KL), Airasia Group Bhd (AIRA.KL), and DMCI Holdings Inc (DMC.PS).

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

Central Plaza Hotel PCL (CENTEL.BK)

Quality Houses PCL (QH.BK)

PETRONAS Chemicals Group Bhd (PCGB.KL)

Airasia Group Bhd (AIRA.KL)

DMCI Holdings Inc (DMC.PS)

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