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Singapore blue chips beat Asian rivals as earnings season draws to a close

Singapore Business Review

The STI marginally beat profit estimates.

Constituent stocks of the benchmark Straits Times Index posted better results in the first quarter compared to their peers in other developed Asian nations, data from Bloomberg show.

Information tracked by Bloomberg showed that STI stocks beat estimates by 1.7% in Q1. In contrast, stocks in the Hang Seng Index posted marginal declines, while constituents of the MSCI AC Asia Pacific fell short of estimates by over 50%.

Meanwhile, the Nikkei 225 disappointed estimates by over 55%, while the MSCI AC Ex Japan fell short of estimates by 60%.



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