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‘F’ a Great Grade for Earnings Recovery

The sharemarket has factored-in an ugly FY20 reporting season, with consensus forecasts projecting a 15%-20% decline in company earnings for FY20, hammered by the Covid-19 pandemic and the resultant economic slowdown. And the consensus is not very optimistic for FY21, either, with flat expectations. Analysts are possibly a bit too pessimistic, says Hasan Tefvik, strategist…
Drew Meredith | 22nd Jun 2020 | More