Asian companies hope for better prospects

TheStar Mon, Jan 04, 2021 09:00am - 3 years View Original


International energy services group Serba Dinamik Holdings Bhd expects a 15% to 20% growth for next year and the subsequent two years, propelled by a sustainability and technology-based strategy. “As sustainable elements are put in place, we expect the risks to be manageable, ’’ said Serba Dinamik CEO Datuk Abdul Karim Abdullah

AFTER a tumultuous 2020, a better outlook awaits Asian companies, on expectation of a recovery in the macro economy and corporate earnings.

There is a bright earnings outlook for 2021, and further boosting returns will be expectations of an earnings recovery in 2022.

Citigroup, Goldman Sachs and Nomura have pencilled in more than 20% earnings growth for Asian stocks.

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