WITH the economy contracting at the pace less than the severe 17.1% drop in the preceding quarter, it was no surprise to see corporate Malaysia performing much better in the recently concluded third-quarter (Q3) earnings reporting season. Although earnings remained weak when compared with the previous Q3 period in 2019, quarter-on-quarter performance was excellent as core earnings rebounded by a staggering 94.7%. Another surprise for the quarter was that the number of companies that beat expectations surpassed the number of companies that disappointed by a ratio of little over six to five. This has not occurred for a long time, as typically we get earnings disappointment far outpacing surprises. It was perhaps a reflection of analysts,
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