Next Week News Today – More Interest-Rate Clues

The Singapore earnings season carries on apace with a couple more top-flight companies joining a swathe of midcap outfits in the spotlight.

StarHub (SGX: CC3), is pencilled in for figures on Wednesday. Singapore’s second-largest telecom company, which recently named ex-CEO Terry Clontz as its new chairman, is expected to adopt a steady-as-she-goes approach. Revenues this year could be flattish, while profits could be marginally higher.

Meanwhile, International farmer, Wilmar International (SGX: F34), is expected to show a modest rise in revenues this year. Bottom-line profits could also show some improvement. Shares in Wilmar are currently around S$3.20 a pop, which is significantly lower than the S$7 they would have cost five years ago.

One of Singapore’s oldest companies, United Engineers (SGX: U04), is scheduled for numbers next week. The builder of Cavenagh Bridge and the Old Supreme Court Building is expected to report lower revenues and profits, now that it has disposed of its stake in UE & EC.

Far East Hospitality Trust (SGX: Q5T) could provide some useful pointers on the health of Singapore’s tourism industry, when it reports quarterly figures next week. Lippo Malls Indonesia Retail Trust (SGX: D5IU) could provide some insight into the health of Indonesia’s consumer sector, while ARA Asset Management (SGX: D1R) could reveal what is happening in the Real Estate Investment Trust sector.

On the economic front, the US will be reporting some key numbers next week, which could provide more clues on the timing of the next rate increase. On Monday we get to see just how strong American personal spending has been. Over the last four months, spending has increased every month, successively

On Tuesday, we take a gander at US car sales. Over the last 20 year, car sales average 15 million pieces every month. In June it was 17 million units. Elsewhere there are US factory orders, some US employment stats and some US Purchasing Managers’ Indices, which are likely to indicate a strengthening US economy.

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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.