Profit Growth Seen for Mainland-Listed Firms

Citic Securities forecasts a 16 to 25 percent profit growth for mainland-listed companies, but cautions that profit growth would slow from about 30 percent last year, reports the South China Morning Post.

 

The Post says that higher prices for raw materials and the central government's controls on end-product prices would dent corporate earnings.

 

"A forecast of 20 percent growth appears optimistic, given that the monetary tightening hasn't yet come to an end," Guotai Junan analyst Shi Weixiang told the Post. "Brokerages will probably revise their forecasts down in the middle of this year."

 

 

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