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3 Singapore Blue Chips For The Week Ahead

StockMarketBoardIt looks like being a busy week for at least three Straits Times Index companies next week. What can we expect? Do we have any clues? Well, it could pay to do a bit of digging around ahead of next week’s news. So here’s a quick look at three of the week’s reports to come.

Noble Group

Noble Group (SGX: N21) will report full-year results on 28 February. In November, the agricultural conglomerate posted a 14% improvement in profits for the first nine months of the year. Noble Group, which was founded in 1987 and headquartered in Hong Kong, added that its sugar mills in Brazil performed well in the third quarter despite heavy rainfall in late September.

Jardine Cycle & Carriage

Motor dealer Jardine Cycle & Carriage (SGX: C07) is also set to report full-year figures on 28 February. The company manufactures, assembles, distribute and sells cars motorcycles and vehicle parts. Additionally, Jardine C&C cultivates, harvests and processes palm oil. In October, the company said profits for the first nine months of the year rose 8% thanks to strong car sales through its Astra subsidiary in Indonesia. The company added that although trading conditions in Vietnam continued to be tough, it expects full-year results to be satisfactory.

City Developments

No reporting week could possibly be complete without at least one Singapore Real Estate Investment Trust (S-REIT) stepping up to the plate. And on Thursday City Development (SGX: C09) duly obliges with its full-year numbers. The developer of Republic Plaza at Raffles Place and Delfi Orchard, said in November that pre-tax profits fell by almost a third. The company said the drop in profits was due to a substantial divestment gain the previous year.

But before I end, don’t forget there’s another important event next week. Singapore’s 2013 Budget Statement will be delivered by Deputy Prime Minister and Mister for Finance, Mr Tharman Shanmugaratnam, on Monday, 25 February at 3:30pm. What could this mean for Singapore shares?

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