



(Reuters) - Analysts raised 2023 earnings estimates for Asian companies over the past month, contrasting with the raft of earnings downgrades in the last year, as China's reopening and slowing inflationary pressures boost optimism.
MSCI Asia-Pacific's 2023 earnings estimates were raised by 2.5% over the past month, with China's earnings raised by 3.1%, followed by Japan's 2.3%.
By sector, analysts lifted consumer discretionary and industrials earnings by over 2% in the past month, while financials and tech companies were increased by 1.2% each.
GRAPHIC: MSCI Asia-Pacific index's estimates change - https://fingfx.thomsonreuters.com/gfx/mkt/zjpqjeqblvx/MSCI%20Asia-Pacific%20index's%20estimates%20change.jpg
After three years, mainland China reopened its borders to international passengers, which is expected to boost the tourism sector and revive faltering exports in the region.
Goldman Sachs (NYSE:GS) raised Asia Pacific's 2023 profit growth estimate to 4% from 3%, and 2024 growth to 14% from 12%.
"North Asia is likely to lead after ASEAN and India strengthened in 2022 as China markets rebound further and Korea anticipates recovery," the brokerage said on Monday.
Last year, analysts cut their forward 12-month earnings by 7% as the region's revenues shrank due to China's stricter COVID-restrictions and as higher product prices affected companies' profit margins.
GRAPHIC: Breakdown by country for estimates changes - https://fingfx.thomsonreuters.com/gfx/mkt/mypmogmeepr/Breakdown%20by%20country%20for%20estimates%20changes.jpg
The MSCI Asia-Pacific index dropped about 20% in 2022, the biggest yearly decline in 14 years. But, that has also made the region's stock valuations cheaper.
The forward 12-month price-to-earnings ratio(P/E) of MSCI Asia-Pacific stood at 12.4, compared with the MSCI World's 14.5 and the MSCI USA's 17.1.
GRAPHIC: Breakdown by sector for estimates changes - https://fingfx.thomsonreuters.com/gfx/mkt/gkplwxmonvb/Breakdown%20by%20sector%20for%20estimates%20change%20in%20last%2030%20days.jpg
"In general, valuations of Asian equities look attractive compared with those of developed markets. We expect to see more divergence in stock performance, and the market focus should gradually turn back to fundamental and sustainable growth, said Minyue Liu, an investment specialist at BNP Paribas (OTC:BNPQY) Asset Management.
The P/E ratio of China and Vietnam stood at 9.4 and 9.3, respectively, while those of India and Thailand were at 19.9 and 16.1.
EUR/USD
1.0883
-0.0003 (-0.03%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (1)
EUR/USD
1.0883
-0.0003 (-0.03%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (1)
GBP/USD
1.2711
+0.0089 (+0.71%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (7)
Sell (1)
USD/JPY
146.80
-1.38 (-0.93%)
Summary
SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (2)
Sell (5)
AUD/USD
0.6673
+0.0068 (+1.03%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
USD/CAD
1.3497
-0.0065 (-0.48%)
Summary
SellMoving Avg:
Buy (4)
Sell (8)
Indicators:
Buy (2)
Sell (5)
EUR/JPY
159.76
-1.60 (-0.99%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (4)
EUR/CHF
0.9458
-0.0071 (-0.75%)
Summary
↑ SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (6)
Gold Futures
2,073.20
+35.10 (+1.72%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Silver Futures
25.490
+0.197 (+0.78%)
Summary
SellMoving Avg:
Buy (1)
Sell (11)
Indicators:
Buy (0)
Sell (0)
Copper Futures
3.9195
+0.0690 (+1.79%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
Crude Oil WTI Futures
74.38
-1.58 (-2.08%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (5)
Sell (2)
Brent Oil Futures
79.21
-1.65 (-2.04%)
Summary
NeutralMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (3)
Sell (5)
Natural Gas Futures
2.777
-0.025 (-0.89%)
Summary
↑ BuyMoving Avg:
Buy (9)
Sell (3)
Indicators:
Buy (6)
Sell (1)
US Coffee C Futures
183.70
-1.00 (-0.54%)
Summary
↑ SellMoving Avg:
Buy (0)
Sell (12)
Indicators:
Buy (2)
Sell (5)
Euro Stoxx 50
4,417.25
+34.78 (+0.79%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (8)
Sell (1)
S&P 500
4,594.63
+26.83 (+0.59%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (10)
Sell (0)
DAX
16,397.52
+182.09 (+1.12%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
FTSE 100
7,529.35
+75.60 (+1.01%)
Summary
↑ SellMoving Avg:
Buy (3)
Sell (9)
Indicators:
Buy (0)
Sell (10)
Hang Seng
16,847.00
-181.50 (-1.07%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (2)
Sell (3)
US Small Cap 2000
1,861.45
+52.43 (+2.90%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (1)
IBEX 35
10,140.80
+82.60 (+0.82%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (0)
BASF SE NA O.N.
43.240
+0.555 (+1.30%)
Summary
↑ BuyMoving Avg:
Buy (8)
Sell (4)
Indicators:
Buy (6)
Sell (0)
Bayer AG NA
31.11
-0.25 (-0.80%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (7)
Sell (1)
Allianz SE VNA O.N.
235.25
+4.65 (+2.02%)
Summary
↑ BuyMoving Avg:
Buy (11)
Sell (1)
Indicators:
Buy (10)
Sell (0)
Adidas AG
194.24
+2.10 (+1.09%)
Summary
NeutralMoving Avg:
Buy (6)
Sell (6)
Indicators:
Buy (2)
Sell (5)
Deutsche Lufthansa AG
8.222
+0.242 (+3.03%)
Summary
SellMoving Avg:
Buy (5)
Sell (7)
Indicators:
Buy (3)
Sell (5)
Siemens AG Class N
156.00
+2.00 (+1.30%)
Summary
↑ BuyMoving Avg:
Buy (12)
Sell (0)
Indicators:
Buy (9)
Sell (1)
Deutsche Bank AG
11.520
+0.094 (+0.82%)
Summary
↑ BuyMoving Avg:
Buy (10)
Sell (2)
Indicators:
Buy (10)
Sell (0)
EUR/USD | 1.0883 | ↑ Buy | |||
GBP/USD | 1.2711 | ↑ Buy | |||
USD/JPY | 146.80 | Sell | |||
AUD/USD | 0.6673 | ↑ Buy | |||
USD/CAD | 1.3497 | Sell | |||
EUR/JPY | 159.76 | ↑ Sell | |||
EUR/CHF | 0.9458 | ↑ Sell |
Gold | 2,073.20 | ↑ Buy | |||
Silver | 25.490 | Sell | |||
Copper | 3.9195 | ↑ Buy | |||
Crude Oil WTI | 74.38 | ↑ Buy | |||
Brent Oil | 79.21 | Neutral | |||
Natural Gas | 2.777 | ↑ Buy | |||
US Coffee C | 183.70 | ↑ Sell |
Euro Stoxx 50 | 4,417.25 | ↑ Buy | |||
S&P 500 | 4,594.63 | ↑ Buy | |||
DAX | 16,397.52 | ↑ Buy | |||
FTSE 100 | 7,529.35 | ↑ Sell | |||
Hang Seng | 16,847.00 | Sell | |||
Small Cap 2000 | 1,861.45 | ↑ Buy | |||
IBEX 35 | 10,140.80 | ↑ Buy |
BASF | 43.240 | ↑ Buy | |||
Bayer | 31.11 | ↑ Buy | |||
Allianz | 235.25 | ↑ Buy | |||
Adidas | 194.24 | Neutral | |||
Lufthansa | 8.222 | Sell | |||
Siemens AG | 156.00 | ↑ Buy | |||
Deutsche Bank AG | 11.520 | ↑ Buy |
Mua/Bán 1 chỉ SJC # So hôm qua # Chênh TG | |
---|---|
SJC Eximbank | 7,220/ 7,320 (0/ 0) # 1,302 |
SJC HCM | 7,230/ 7,350 (0/ 0) # 1,330 |
SJC Hanoi | 7,230/ 7,352 (0/ 0) # 1,332 |
SJC Danang | 7,230/ 7,352 (0/ 0) # 1,332 |
SJC Nhatrang | 7,230/ 7,352 (0/ 0) # 1,332 |
SJC Cantho | 7,230/ 7,352 (0/ 0) # 1,332 |
Cập nhật 02-12-2023 05:54:37 | |
Xem lịch sử giá vàng SJC: nhấn đây! |
ↀ Giá vàng thế giới | ||
---|---|---|
$2,072.13 | +32.01 | 1.57% |
ʘ Giá bán lẻ xăng dầu | ||
---|---|---|
Sản phẩm | Vùng 1 | Vùng 2 |
RON 95-V | 23.680 | 24.150 |
RON 95-III | 22.990 | 23.440 |
E5 RON 92-II | 21.790 | 22.220 |
DO 0.05S | 20.190 | 20.590 |
DO 0,001S-V | 21.590 | 22.020 |
Dầu hỏa 2-K | 21.110 | 21.530 |
ↂ Giá dầu thô thế giới | |||
---|---|---|---|
WTI | $74.48 | -0.81 | -0.01% |
Brent | $79.11 | -0.95 | -0.01% |
$ Tỷ giá Vietcombank | ||
---|---|---|
Ngoại tệ | Mua vào | Bán ra |
USD | 24.080,00 | 24.450,00 |
EUR | 25.781,55 | 27.197,16 |
GBP | 29.888,43 | 31.161,13 |
JPY | 159,30 | 168,63 |
KRW | 16,07 | 19,48 |
Cập nhật lúc 18:53:56 01/12/2023 Xem bảng tỷ giá hối đoái |