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Next Week’s News Today: Mid-Cap Extravaganza

If last week was chock-a-block with blue-chip company results, then next week should be a bumper-to-bumper mid-cap extravaganza.

Not to be left out, some Straits Times Index (SGX: ^STI) stragglers still have results to report too. These include SIA Engineering (SGX: S59) and Sembcorp Industries (SGX: U96).

Among the many mid-tier companies with things to tell us about are ARA Asset Management (SGX: D1R), which will step forward on Wednesday, and Lippo Malls Indonesia Retail Trust (SGX: D5IU), which is pencilled in for first-quarter figures on Thursday.

OSIM International (SGX: O23) should tell us on Tuesday how many comfy chairs it sold in the first three months of the year. It might even tell us how many cups of char it sold at its TWG Tea outlets too.

In the final quarter of last year, OSIM posted flat profits, while profit edged up 2%. But thanks to healthy cash flow, it has been buying back its own shares. Since the start of the year, it has repurchased 5.3m shares at an average cost of S$1.88 per share.

Next week should also provide some useful pointers as to how the global economy is faring.

There are Factory Orders and Unit Labour Costs figures from the US, while China will report Balance of Trade and Inflation Rate. The state of the Eurozone will also be eyed closely, when the world’s second-largest economic zone reports retail sales figures.

Household consumption is an important driver of economic growth in Europe. It can account for nearly two-thirds of the economy. Consequently, a healthy number could augur well. By way of comparison, consumption accounts for less than 40% of Singapore’s economy.

Staying with the Garden City, Singapore Purchasing & Materials Managers will tell us how the manufacturing sector is doing. A reading above is 50 is good, while a reading below to could be seen as disappointing. Since December of last year, it has been below 50 every month.

And finally, UK electors will cast their votes on 7 May, in what has been described as one of the closest elections since 1970. However, the latest polls put David Cameron’s Conservative Party five points ahead of the Labour Party. But as they say, polls don’t decide results….votes do.

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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.