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%.
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)