The StarMine team has selected five Asia companies, using Eikon Screener by Refinitiv, that we expect to beat FY19 earnings estimates, based on SmartEstimate® and Predicted Surprise data.
Our Asia selections for FY18 were 70% accurate, which can be seen here.
Our Asia picks for positive Predicted Surprises in FY19 are — China Conch Venture Holdings Ltd (0586.HK), Q Technology (Group) Co Ltd (1478.HK), YiChang HEC ChangJiang Pharmaceutical Co Ltd (1558.HK), Asustek Computer Inc (2357.TW), and China National Building Material Co Ltd (3323.HK).
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
China Conch Venture Holdings Ltd (0586.HK)
Q Technology (Group) Co Ltd (1478.HK)
YiChang HEC ChangJiang Pharmaceutical Co Ltd (1558.HK)
Asustek Computer Inc (2357.TW)
China National Building Material Co Ltd (3323.HK)
