Next Week’s News Today: DBS Group Opens Its Books

It might feel like it has been an eternity but we are only halfway through the earnings season.

Singapore’s biggest bank, DBS Group (SGX: D05) opens its books on Tuesday. The bank’s results follow disappointing quarterly numbers from Oversea-Chinese Banking Corporation (SGX: O39) and United Overseas Bank (SGX: U11), both of which posted lower profits and an increase in bad debts.

Sembcorp Industries (SGX: U96) reports on Wednesday. The conglomerate posted a sharp fall in profits in February. Its performance was affected by a poor showing at its offshore and marine arm. Earlier, the group’s offshore division, Sembcorp Marine (SGX: S51), posted a 48% decline first-quarter profits.

There are also results from Ascendas REIT (SGX: A17U) and Yangzijiang Shipbuilding (Holdings) Ltd. (SGX: BS6).

On the economic front, there is another opportunity to take a gander at how China is doing in terms of stabilising its manufacturing sector. According to the Caixin Manufacturing PMI index, the manufacturing sector has been in contraction mode since the start of 2015. But there appears to be signs that it might be picking up again.

Staying in China, the world’s second-largest economy will also tell the world how well its services sector is doing. The sector, which has been expanding, appears to be facing increased competition.

America has a bunch of economic data to report too. These include Manufacturing PMI, Non-Manufacturing PMI and Non-Farm Payroll. The numbers continue to paint a picture of an economy that is recovering, albeit slowly.

And don’t forget next week is SGX’s My First Stock Carnival & The REITs Race 2016. It will take place at Ngee Ann City Civic Plaza at 11am. There will be a chance to win over S$6,000 worth of prizes. Click here to find out more.

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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.