The Week Ahead: All Eyes On SATS

The earnings season draws to a close next week, with only SATS (SGX: S58) and Global Logistic Properties (SGX: MC0) the last two Straits Times Index (SGX: ^STI) companies left to report.

SATS, which provides airport services, reported reasonably strong numbers last time out. The company said third-quarter profits rose 12.8% to S$60.6 million, while quarterly revenue slipped 2.2%.

Global Logistic Properties posted some strong numbers last time too. The supply-chain specialist said revenues for the third quarter jumped 11%, while profits increased 18%.

There are a few companies outside of the blue chips that are pencilled in for results next week too. They include Oceanus Group (SGX: 579), Civmec Limited (SGX: P9D), Yoma Strategic Holdings (SGX: Z59) and Keppel Infrastructure Trust (SGX: A7RU).

Turning to economic matters, a couple of Asian central banks have interest-rate decisions to make. They are Indonesia and Malaysia. It is quite likely that both Bank Indonesia and the Central Bank of Malaysia could hold fire until they find out what the Federal Reserve decides to do next month.

In terms of US interest rates, the Bureau of Labor Statistics will report the latest inflation numbers for April. The core inflation rate in the United States eased slightly in March. But it has been at or above 2% for the last five months.

Malaysia is pencilled in for inflation numbers too. Last month, the rate of inflation came in at 2.6%, which is below the long-term average of 3.7%

And finally, Singapore will report trade data for April. Last month, Statistics Singapore said the Garden City’s trade surplus fell from S$8.6 billion a year ago to S$3.6 billion. Both imports and exports were lower, though the former fell by more in percentage terms.

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