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Three Shares For The Week Ahead

ConstructionIt looks like being another busy week for the Singapore market next week as more companies prepare to enlighten shareholders with results. However, the market’s attention is likely to be distracted by the on-going worries over the US budget cuts, otherwise known as the sequester.

That said, we here at The Motley Fool are more interested in companies than Congress. So what can we expect from the slew of businesses that are set to post financial updates? Here’s a quick look at three of the week’s reports to come.

Hongkong Land Holdings

Hongkong Land (SGX: H78) is set to report full-year results on Thursday. The company, which has been around the block a few times, was founded back in 1889. It is one of Asia’s biggest property companies and has investments in countries such Hong Kong, Thailand, Vietnam, Indonesia and China. In Singapore, the property titan has interests in One Raffles Link, One Raffles Quay and the Marina Bay Financial Centre. In July Hongkong Land, which is a subsidiary of Jardine Strategic Holdings (SGX: J37), said conditions remain uncertain. However, it expects the second-half performance to benefit from the completion of two projects in Singapore.

Yanlord Land Group

Sticking with bricks and mortar, Yanlord Land Group (SGX: Z25), which is pencilled in for full-year results on Wednesday, is a property developer in the People’s Republic of China. It develops residential properties, which include complexes and villas, and serviced apartments and shopping malls. In November, Yanlord posted a 166% jump in profits for the first nine months of the year. The company attributed the rise to a significant increase in floor space and average selling price.

Wee Hur Holdings

To complete our trio of builders, Wee Hur Holdings (SGX: E3B), which is a small-cap construction company and property developer, is set to post annual figures on Monday. The company, which was founded in 1980, builds, renovates and refurbishes apartments, condominiums and public housing. In November, Wee Hur posted a 74% drop in profits for the first nine months of the year. However, it explained that profits should have been higher if not for marketing and distribution costs that had to be accounted for up front.

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