Published Date: 24/12/2024
- We forecast market earnings may achieve an outstanding growth rate of 25% YoY in 4Q24 (the highest level since 2Q22), supported by a low-interest rate environment and recovering production activities. Accordingly, FY24F market earnings is expected to increase by 18% YoY, compared to a 4% decline in 2023, marking the beginning of a recovery and growth phase.
- Banking sector earnings are projected to grow by 15% YoY, acting as a stabilizing force for the overall market. Sectors with standout profit growth include Real Estate (+1005% YoY), Aviation (+591% YoY), and Retail (+162% YoY), driven by a low base in the same period last year.
- Some sectors are estimated to experience a decline in profit growth, such as Industrial Parks (-14% YoY), due to pending policy framework completion, and Oil & Gas (-23% YoY), as oil prices have decreased compared to the same period
