Asia Ex-Japan Revenues Likely To Remain Soft: UBS

The second quarter results season to date is very disappointing for Asia ex-Japan, and going forward revenues look likely to remain quite soft, notes UBS.

Niall MacLeod and team at UBS in their August 20, 2015 research note titled: “Earnings: the good, the bad and the ugly” point out with earnings holding up relatively better than revenues, margins are beating forecasts.

Disappointing Q2 results for Asia ex Japan

MacLeod and colleagues point out that the Q2 results season to date is very disappointing for Asia ex-Japan, though Japanese corporates have put on a much better show. The analysts note for APAC, earnings have come in slightly ahead of expectations with a net 5% of companies beating consensus forecasts, despite a weak...