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Next Week’s News Today: An Excitement Of REITS

Thank goodness for the timely resumption of Singapore’s earnings season. Otherwise, we might have to resort to fishing around the bottom of the barrel for our quota of thrills through Mexican retail sales or a Hungarian interest-rate decision.

But as it stands, there should be enough on tap next week to quench the market’s thirst for news.

These include CapitaLand Mall Trust (SGX: C38U), which is pencilled in for second-quarter numbers on Wednesday. The company recently said it had agreed to buy Bedok Mall, from CapitaLand (SGX: C31) for S$731m. The acquisition of another key asset could provide useful recurring income for dividend seekers. But investors might also be interested in the possible impact on near-term distributions following the purchase.

Elsewhere in the world of REITs, quarterly numbers are expected from Mapletree Logistics Trust (SGX: M44U), Mapletree Industrial Trust (SGX: ME8U) and Mapletree Commercial Trust (SGX: N2IU).

Outside of the Mapletree family, results from Ascott Residence Trust (SGX: A68U), Fraser Centrepoint Trust (SGX: J69U) and CDL Hospitality Trust (SGX: J85) could provide some useful insights into the state of Singapore’s tourism industry.

Another company that could offer some valuable information of the travel sector is SATS (SGX: S58). The provider of gateway services at Singapore Changi International Airport said in May that it faced challenges from lower economic growth, competitive pressures and rising manpower cost. But it also said demand for travel would grow.

Raffles Medical Group (SGX: R01) is pencilled in for quarterly numbers too. In the last quarter, RMG warned that a more measured pace of economic growth in the region and Singapore could have a dampening effect on healthcare demand. But there was little sign of that with an 8.5% jump on revenues last time.

In terms of economic news, Singapore reports inflation numbers on Thursday. Annual inflation in Singapore has been negative since December 2014, which is the longest stretch of continual falling consumer prices for six years. In May, the rate of inflation was driven lower by a decline in housing costs and a drop in the cost of utilities. Curiously though, the tight labour market has not pushed up prices, which is a bit of a head-scratcher.

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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 own shares in Mapletree Commercial Trust and CapitaLand Mall Trust.