The Week Ahead: Will Keppel Corp Please The Market?

No fewer than five Straits Times Index (SGX: ^STI) companies are pencilled in for results next week. They include CapitaLand Commercial Trust (SGX: C61U), Ascendas REIT (SGX: A17U) and Hutchison Port Holdings (SGX: NS8U).

Singapore conglomerate, Keppel Corporation (SGX: BN4), is set to report quarterly results too. In April, it warned that the macro economy remained challenging. It also cautioned that low oil prices continued to take its toll on the global oil and gas industry. At the time, oil was around $40 a barrel. Today it is nearly $6 higher.

Singapore’s airport services company SATS (SGX: S58) is set to step into the spotlight. Three months’ ago, SATS said its investment in technology had resulted in revenue growth of 3% and 12.7 % improvement in profits.

Earnings season is also underway in the US. On tap are some heavyweights of the finance sector. They include Bank of America, Goldman Sachs, American Express and Morgan Stanley.

The tech sector has caught investors’ attention following the successful flotation of Japanese messaging app developer Line. Next week, the market should be able to gauge the health of the wider technology sector when Netflix, IBM and Microsoft will post quarterly numbers.

If you want to know how the global economy is faring, look no further than consumer stocks. Next week Starbucks, which operates nearly 24,000 stores worldwide, will report third-quarter figures. In the first six months, Starbucks had already opened 878 new stores. It plans to open nearly 1,000 more before the end of the year.

On the economic front, Singapore will report balance of trade data next week. There will also be inflation numbers on tap. Headline inflation fell for the 19th month in a row in May. However, the headline number belies the state of core inflation, which increased 1% in May.

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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. Starbucks has been recommended by Stock Advisor Gold.