February 14, 2020

StarMine Models Pick Asia Companies for FY 2019 Earnings Misses

by Tajinder Dhillon.

The StarMine team has selected five Asia companies, using Eikon Screener by Refinitiv, that we expect to miss 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 negative Predicted Surprises in FY19 are — Cathay Pacific Airways Ltd (0293.HK), China Southern Airlines Co Ltd (1055.HK), ASM Pacific Technology Ltd (0522.HK), Shenzhen Inovance Technology Co Ltd (300124.SZ), and Catcher Technology Co Ltd (2474.TW).

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

Cathay Pacific Airways Ltd (0293.HK)

China Southern Airlines Co Ltd (1055.HK)

ASM Pacific Technology Ltd (0522.HK)

Shenzhen Inovance Technology Co Ltd (300124.SZ)

Catcher Technology Co Ltd (2474.TW)

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