Chart of the Day: Singapore’s consumer firms suffer low profits amid lack of innovation

The next quarter will still disappoint.

Almost all results are in, and Singapore’s over-all first-quarter report card is looking largely disappointed.

According to a report by Maybank Kim Eng, weakness was seen in the commodity and consumer spaces. Of the 63 results released thus far, 43% missed.

Even after two quarters of earnings cuts, the oil & gas sector continued to under-deliver.

Maybanks says that consumer companies reeled from softer markets and a lack of new products. This may continue in 2Q15 before a gradual recovery in 2H15.

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