Next Week’s News Today: Singapore Airlines Set To Cruise

The earnings season moves into overdrive with the who’s who of the Straits Times Index (SGX: ^STI) pencilled in for results.

A swathe of Jardine companies is expected to report numbers next week. They include Jardine Cycle & Carriage (SGX: C07), Jardine Strategic Holdings (SGX: J37), Jardine Matheson (SGX: J36), Dairy Farm International (SGX: D01), Hongkong Land (SGX: H78) and Mandarin Oriental (SGX: M04).

Dairy Farm, which recently acquired a foothold in China through a minority stake in Yonghui Stores, is expected to deliver a modest improvement in revenues this year. But stablemate Jardine C&C, which announced a one-for-nine rights issue, is forecast to report a fall in sales.

Singapore banks are likely to figure highly next week too. The Garden City’s three biggest lenders, namely, DBS Group (SGX: D05), Oversea-Chinese Banking Corporation (SGX: O39), and United Overseas Bank (SGX: U11) are scheduled for results at the start and the end of the week. Bank shares have been on the rise this year – partly through an improvement in results and partly on expectations that America could increase interest rates later this year.

Revenues are unlikely to rise by much at Singapore Airlines (SGX: C6L) this year. However, profits at the flag carrier could be flattered by continued low oil prices. After all, fuel accounts for around 40% of SIA’s operating costs.

And finally, hold onto your hats as the US Federal Reserve will be announcing its interest-rate decision on Thursday. The US central bank is unlikely to do anything rash this time around. The general consensus is that the cost of borrowing should not go up at least until September. But you never know.

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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.