Next Week’s News Today: DBS In The Spotlight

It is the turn of DBS Group (SGX: D05) to face the music when it opens its books on Monday.

Singapore’s largest bank is not expected to escape unscathed from falling crude prices that has wreaked havoc on the oil-related sector. As Singapore’s biggest lender, it could fare worse than rivals Oversea-Chinese Banking Corporation (SGX: O39) and United Overseas Bank (SGX: U11).

City Development (SGX: C09) also has numbers to report next week. The developer has been hurt by the government’s curbs on high property prices in the Garden City. The measures have had the desired effect – the bottom has fallen out of the property market. But so too have many property developers’ bottom lines.

Other Straits Times Index (SGX: ^STI) companies that are pencilled in for numbers include Thai Beverage (SGX: Y922), Jardine Cycle & Carriage (SGX: C07) and Singapore Technologies Engineering (SGX: S63).

Two companies with exposure to the commodity sector, namely, Noble Group (SGX: N21) and Golden Agri-Resources (SGX: E5H), are also expected to report quarterly numbers next week.

On the economic front, Japan is set to report January inflation numbers on Friday. A combination of lower energy prices, lower transportation costs and lower housing costs dragged down the rate of annual price rises in Japan in December. Inflation has been running at below its long-term average. Little has changed.

Singapore is also expected to report inflation numbers next week. Unlike Japan, which has seen modest rises in consumer prices, Singapore has been reporting falling prices. In December consumer prices fell 0.6%, which followed a 0.8% fall in November.

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