Published Date: 26/06/2024
- We forecast aggregate market net profit could increase by 9.5% yoy in Q2/2024, supported by a low base in the same period last year, alongside slight recoveries in production and consumption.
- Banking sector profit growth are forecasted to slow down with a growth rate of 12% yoy (Q1/24: 14% yoy). Sectors achieving notable profit growth include retail (+379% yoy) and basic materials (+63% yoy) from a low base last year.
- Some sectors are estimated to experience declining profit growth, such as Industrial Property (-26% yoy) due to a high base last year, and Oil & Gas (-2% yoy) due to poor results from upstream enterprises.
