Market Strategy – 4Q20 earnings review: Back to positive growth territory

• As at 2 Feb 2021, 750 listed companies on three bourses, representing 82% of market capitalisation, have released 4Q20 results.
• 4Q20 aggregate earnings turned positive with 15.6% yoy, much better than several declines of 26.2%/12.5%/2.3% yoy seen in 1Q/2Q/3Q20.

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