Next Week’s News Today: Big Week For Singapore

Credit: Zhao

It is a holiday–shortened trading week next week. But the earnings season isn’t quite over yet. Amongst the many blue chips that are scheduled for quarterly results include City Development (SGX: C09), Singapore Technologies Engineering (SGX: S63) and ComfortDelGro (SGX: C52).

Olam International (SGX: O32) is pencilled in for quarterly numbers on Friday. The diversified farmer, which is majority-owned by Temasek, has had a setback regarding its acquisition of Archer Daniels Midland’s global cocoa business. The American grain trader said the deal might close in the fourth quarter of this year.

Singapore Telecommunications (SGX: Z74) is due to report quarterly figures on 13 August. Singapore’s largest telecom operator is expected to post almost unchanged revenues this year. Earnings are also forecast to be largely flat. Meanwhile, Thai Beverage (SGX: Y92) could report a decent rise in both annual revenues and profits this year.

Other blue chips that are expected to report figures next week include Golden Agri Resources (SGX: E5H) and Noble Group (SGX: N21). The latter has seen its share price shaken more violently than a rag doll in the jaws of an out-of-control pit-bull. The commodity trader can go some way to restore investor confidence, if it can successfully address what it calls “misleading and untruthful information”.

On the economic front, all eyes could be on US economic numbers – any economic number – as we edge closer to a possible interest-rate rise by the Federal Reserve. Some of the more interesting data could come from US Retail Sales and US Initial Job Claims, which are due towards the end of the week.

Singapore’s GDP figures could also be closely eyed. They are due on 11 August. The rate of growth of Singapore’s economy has slowed appreciably over the last couple of years. In 2013, the economy expanded at annual rate of around 5%. But it has slowed to about half that in recent quarters.

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.