Yahoo! Philippines News - Latest Philippines News & International News Headlines: STOCKS NEWS SINGAPORE-Most SE Asia cos earnings beat last quarter - Morgan Stanley

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STOCKS NEWS SINGAPORE-Most SE Asia cos earnings beat last quarter - Morgan Stanley Sep 11th 2012, 06:21 Majority of Southeast Asian companies tracked by MSCI havereported better-than-expected results for the quarter endedJune, with Malaysia and Philippines leading the way, MorganStanley said. Among the large sectors, MSCI Financials stands out, beatingconsensus earnings estimates by 1390 basis points and acrossmost Asian markets, the bank said in a report. It remains overweight on Indonesian healthcare and financialfirms, as well as Thai and Singapore consumer staples. However,it is underweight on Singapore banks, Indonesia energy andmaterials stocks and Thai utilities. ...

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