The Week Ahead: Can Keppel Steady The Ship?

The Singapore earnings season will step up a gear with numbers from CapitaLand Commercial Trust (SGX: C61U), Ascendas Real Estate REIT (SGX: A17U), CapitaLand Mall Trust (SGX: C38U) and Hutchison Port Holdings (SGX: NS8U).

Singapore Exchange (SGX: S68) will be in the spotlight on Wednesday, when it reports first-quarter numbers. In July, SGX reported a sharp fall in fourth-quarter figures, which resulted in flat full-year profits. Any improvement in equities, fixed-income and derivatives revenues, and a cap on operating expenses could make a difference this time around.

Keppel Corporation (SGX: BN4) is not in the best of places at the moment. But it is where it is. In July, the home-grown industrial conglomerate reported a sharp drop in revenues and an even sharper fall in net profits for the second quarter. The only bright spot in an otherwise dismal set of numbers was property, which saw a 16% rise in revenues. But the focus of attention will be Keppel’s Offshore & Marine business. Has it done enough to steady the ship?

On the economic front, the US Bureau of Labor Statistics will report inflation numbers for September. But which set of numbers will the US Federal Reserve be targetting? In a recent speech, Fed chair, Janet Yellen, said “high pressure” policy may be the only way back from the crisis. That could be “Fed Speak” for letting headline inflation rise, which in turn could mean that it could delay raising interest rates.

China will report its third-quarter GDP numbers. In the second quarter, the economy expanded 6.7%, which was the same as the previous quarter. Could it be more of the same as the Chinese government pulls out all the stops to stabilise an economy that is coming off the boil.

And finally, there is another televised US presidential debate next week. I don’t know how much more of this we can endure. The live broadcasting of “he said, she said” is about as interesting as watching paint dry. The first debate was an anti-climax and the second was embarrassing. But if you are a glutton for punishment, the third and final debate will be shown on Thursday morning at 9am Singapore time.

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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 owns shares in CapitaLand Mall Trust. Singapore Exchange has been recommended by Stock Advisor Gold.