Next Week’s News Today: Make Way For Jardine Matheson Holdings

Hang onto your hats because the Jardine Group of companies is set to report results next week.

We have already heard about a tough year from Jardine Cycle & Carriage (SGX: C07). But next week it will be the turn of Jardine Matheson (SGX: J36), Jardine Strategic (SGX: J37), Hongkong Land (SGX: H07) and, in particular, Dairy Farm International (SGX: D01) to step into the spotlight.

Dairy Farm, which operates many supermarkets in South East Asia, Hong Kong and China, could be useful barometer for consumer sentiment in the region. The owner of Cold Storage and Guardian in Singapore, and Wellcome and Mannings in Hong Kong, is expected to post an improvement in revenues. But higher operating expenses could put a little pressure on the bottom line.

Other companies that are chalked up for results include Ezion Holdings (SGX: 5ME) and Vard Holdings (SGX: MS7) from the offshore services sector, and Q&M Dental Group (SGX: QC7) from the booming healthcare sector.

On the economic front, the financial leaders from G20 nations return home after a weekend in Shanghai in which they agree to disagree. China’s central bank governor, Zhou Ziaochuan, said his country will “strike a balance between growth, restructuring and risk management”, whatever that might mean.

Meanwhile, Germany’s Minister of Finance, Wolfgang Schaeuble, rebuffed the International Monetary Fund’s call for a coordinated stimulus programme. A bun-fight between Christine Lagarde and the German Finance Minster is not a pretty sight.

Elsewhere, Mark Carney, the Governor of the Bank of England, who must be mightily relieved that he is no longer at the helm of the Bank of Canada, wagged a finger at those countries that have cut interest rates below zero.

In terms of the numbers that really matter, the world’s largest economy will report employment numbers. Employment in the US of A is expect to be strong with improvements in the non-farm payroll and a steady-to-falling unemployment rate.

Elsewhere China will report manufacturing and non-manufacturing numbers, while Singapore will report bank lending numbers. Asia’s fastest-growing nation, India, will take the wrappers off its Budget. Will Modi delivery on his promises?

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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.