- CFOs are bullish on earnings potential in 2013: 71 percent and 62 percent of CFOs expect growth in their company’s revenues and profits, respectively, in 2013 compared with 2012.
- Southeast Asia presents significant earnings opportunities: 81 percent and 72 percent of CFOs forecast growth in revenues and profits, respectively, in Southeast Asia in 2013 compared with 2012.
- Credit access remains strong and affordable: CFOs in the region intend to maintain or increase borrowing (73 percent), and financing will be used for capital expenditure (23 percent) and to raise working capital (17 percent). Credit availability remained robust in the last year according to respondents (90 percent), and 47 percent expect the cost of capital to remain consistent this year.
- CFOs favor organic growth over M&A: The majority of CFOs (63 percent) aren’t planning to participate in any M&A activity in 2013, and half of those who intend to will do so to achieve growth targets and will mostly look at opportunities in their home markets or in developing Southeast Asia
- The CFO skill set continues to evolve: Corporate strategic planning is an important (61 percent) or growing (29 percent) part of the job of CFOs in Asia Pacific. Eighty-four percent of respondents believe it is getting tougher to recruit treasury staff with the appropriate skills in the region.
Asia Pacific CFOs Remain Bullish On 2013 Earnings Potential, Says Bank Of America Merrill Lynch Survey
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