ASIA PLUS CUTS FORECAST OF SET-LISTED COMPANIES
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Asia Plus Securities Co Ltd has revised down its forecast of SET-listed companies’ total net profit from Bt1.06 trillion to Bt1.03 trillion at the end of this year, taking into accounts the slow pace of economic growth and impact from the US-China trade war.
The securities firm has also revised down forecast of the SET index from 1,705 points to 1,669 points at end of the year amid decclining investments in the ThaI capital market.
The company also cut the earning per share forecast or EPS of listed firms to 5.6 per cent from an earlier estImate of 8.9 per cent.
“EPS of SET-listed companies is still lower than that of listed companies in other countries in Asia, the brokerage said.
