Next Week’s News Today – All Eyes On Keppel Corporation

The earnings season will kick off in earnest in Singapore next week.

On Wednesday industrial conglomerate Keppel Corporation (SGX: BN4) and many of its related companies, which include Keppel Land (SGX: K17) and M1 Limited (SGX: B2F), will report quarterly numbers.

Investors might be keen to hear more about Keppel’s failure to complete the buyout of Keppel Land. At the end of March it owned 95.1% of Keppel Land, which was 0.4% short of the 95.5% it needed to compulsorily acquire the rest of the property developer.

Other companies that will open their books include Singapore Press Holdings (SGX: T39) and SPH REIT (SGX: SK6U). They are pencilled in for second-quarter figures on Tuesday. Both companies are seen as strong income producers. SPH’s historic yield of 5% and SPH REIT’s yield of 5.6% are some of the highest in the Singapore market.

Elsewhere, Singapore will reveal, on Tuesday, how quickly the economy grew in the first quarter. In the fourth quarter of 2014, the economy only expanded 2.1% year on year. Economists are expecting more of the same for the first three months of 2015. They are concerned that growth in the services sector might not be enough to offset weakness in the manufacturing and construction sectors.

China will also be reporting Gross Domestic Product (GDP) number next week. More interesting, though, could be the country’s Retail Sales numbers on Wednesday. The figures were noticeably weak for the first two months of 2015. At 10.4%, the growth rate, whilst impressive, fell short of the year-on-year average of 14.3% between 2010 and 2014.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore Director David Kuo doesn’t own shares in any companies mentioned.