Dog days over for SMEs
Jun 01 2010
Small businesses will see a boost in profits next year, according to analysts.
Some 70 per cent of fund managers and analysts expect profitability of smaller companies quoted on the stock market to increase over the next year, with 53 per cent believing that they will outperform their larger counterparts in 2011, according to a survey from market research company TNS.
Waheed Aslam, director at TNS Finance, says: ‘Small and mid-sized companies have worked hard internally on creating robust processes and streamlining costs, in order to prove themselves as sound investments. We can see from our research this diligence has paid off with a good forecast for profit growth.’
Healthcare, technology and industrial goods and services were believed to be the most undervalued sectors, compared to the real estate sector, which was viewed as the most overvalued.
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