The Week Ahead: Clinton Or Trump Or Neither?

There are a few more blue chip Singapore companies that need to open their report cards before we can draw a line under the quarterly reporting numbers.

In August Jardine Cycle & Carriage (SGX: C07) reported a 6% fall in half-year revenues. Underlying earnings fell 15%, even though contributions from from associates and joint ventures rose 11%. The disappointing results stemmed primarily from its main subsidiary PT Astra International. A turnaround at the Indonesian unit, which accounts for almost 90% of revenues, is vital for Jardine C&C to do well.

Global Logistic Properties (SGX: MC0) also has results next week. The warehouse operator has caught the attention of the market following rumours that it could be a takeover target. However, the company said it was not in discussions with an investor group “at this time.”

The quarterly results from Singapore Telecommunications (SGX: Z74) will be closely scrutinised for signs of general weakness in the local telecom market. Peers M1 (SGX: B2F) reported a 10% fall in revenues, while StarHub (SGX: CC3) said quarterly revenue fell 3% year-on-year.

Other companies with results include Yangzijiang Shipbuilding (Holdings) (SGX: BS6), CapitaLand (SGX: C31) and City Developments (SGX: C09). The results from SATS (SGX: S58) will be eyed in view of the better passenger arrival numbers at Changi Airport. According to the airport operator there was a 3.7% increase in the number of passenger arrivals.

Singapore Technologies Engineering (SGX: S63), Wilmar International (SGX: F34), ComfortDelGro (SGX: C52) and Thai Beverage (SGX: Y92) are also pencilled in for quarterly figures.

Away from earnings, probably the only other item that will focus the minds of investors around the world will be the US Presidential Election on 8 November. Will it be Hilary Clinton or will it be Donald Trump? The candidate who will get the keys to the While House will have to secure 270 electoral college votes. There is an outside chance that neither candidate could reach that crucial number.

On the economic front, the US Bureau of Labor Statistics will announce the latest core inflation numbers. The cost of living in the US rose 2.2% in September, which was only slightly lower than in August. It has been consistently at or above 2% for the past 12 months.

China will report its latest trade numbers on Tuesday. Both export and imports have been a source of concern for market watchers. They have been disappointingly low, which does not augur well for a revival in global growth.

And finally Singapore will report retail sales numbers for September. On a year-on-year basis, retail sales in the Garden City slipped 1% in August, while the market was expecting a modest uptick. It was the first time since February that retail sales have dropped. Some of the worst areas were computer & telecommunications and watches and jewellery.

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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. Stock Advisor Singapore and Stock Advisor Gold have recommended SATS.