Message :
Required fields
May 10 (Reuters) - Analysts in April hiked 12-month earnings
estimates for Asian companies by the largest amount in five
months, data showed, as manufacturing activity and demand for
the region's exports rose.
Analysts lifted forward 12-month earnings by 3.2% in April,
the highest since December, according to Refinitiv data.
The big upgrades came as regional economies such as South
Korea, Taiwan and Vietnam saw an increase in factory output and
shipments thanks to a rise in demand from developed economies
which are making a fast recovery from the coronavirus crisis.
Manishi Raychaudhuri, head of Asia-Pacific equity research
at BNP Paribas, said remote working and accelerating adoption of