NZ corporate earnings may miss expectations, AMP Capital says

Tue, 16 Jul 2013

By Paul McBeth July 16 (BusinessDesk) - New Zealand corporate earnings may fall short of investors’ expectations with the reporting season for June balance dates bearing down next month. Locally-listed companies’ valuations may start coming off the boil as the price-to-earnings ratio gets ahead of profits, and investors may be disappointed when firms publish their results next month, AMP Capital Investors (New Zealand) head of equities Guy Elliffe told a media briefing in Wellington. “There’s a risk of PE contraction again as investors sta...

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