Next Week’s News Today: Singapore Press Holdings To Kick-Off Earnings Season

It is the start of April, so it is time for company earnings rather than market chatter to take centre stage once again.

Singapore Press Holdings (SGX: T39) will kick off proceedings for the local blue chips on Tuesday. In January, the newspaper publisher reported a small drop in quarterly revenues, though profits jumped 17%, thanks to exceptional gains from investments.

Other companies with results include a bevy from the Capita family of companies. CapitaLand Commercial Trust (SGX: C61U) is slated to report full-year numbers on Friday. Last time around, the owner of Six Battery Road and Capital Tower posted a small rise in annual gross revenues and a modest improvement in distribution to shareholders.

Elsewhere in the terra firma, Cambridge Industrial Trust (SGX: J91U), AIMS AMP Capital Industrial Trust (SGX: O5RU), First Real Estate Investment Trust (SGX: AW9U) and Sabana Shari’ah Compliant Industrial REIT (SGX: M1GU) are also pencilled in for quarterly numbers. Telecom outfit M1 (SGX: SGX: B2F) has results too.

Over in the US, Alcoa will be doing the honours for the Dow Jones Industrial Index, when it reports quarterly numbers after the market closes. The spotlight will also be firmly trained on the banks, when JPMorgan Chase, Bank of America and Wells Fargo step up to the plate.

On the economic front, China’s GDP growth numbers could be closely eyed. In the December quarter, the Chinese economy expanded 1.6%, which was down from 1.8% in the previous quarter.

China’s Retail Sales numbers could also be closely scrutinised for signs that its structural transition is on track. In January, Retail Sales growth of 10.2%, which is flirted perilously close to the record lows of 10%.

The US will report Retail Sales for March too. In the previous two months, retail sales have been sluggish, though they have been above market expectation.

And finally, Singapore will report annual GDP figures for the first three months of the year on Thursday. Economic growth in the final three months of 2015 was 1.8%, which was the same as in the previous quarter. Manufacturing shrank at a faster, which is a cause for concern.

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