The Week Ahead: All Eyes On Jardines

There are just a few more companies left to report before we can put the earnings season to bed for this quarter.

Jardine Cycle & Carriage (SGX: C07) will be in the spotlight when it posts full-year results. In November the conglomerate that has exposure to Indonesia through its stake in PT Astra said revenues for the first nine months fell 3%. Profits also fell. But it generated cash. The company indicated that trading conditions are likely to be unchanged for the rest of year.

Jardine Matheson (SGX: J36), Jardine Strategic (SGX: J37), Mandarin Oriental (SGX: M04), Dairy Farm International (SGX: D01) and Hongkong Land (SGX: H78) will also be reporting annual numbers.

Away from the Straits Times Index (SGX: ^STI), Noble Group (SGX: N21) will report on Monday. The embattled commodities trader might flesh out speculation that China’s Sinochem could be in early talks to buy a stake.

Other companies with results include property developer Ho Bee Investments (SGX: H13) and palm-oil trader First Resources (SGX: EB5).

On the economic front, it’s time for those manufacturing, non-manufacturing and services numbers from China again. Last month manufacturing declined slightly and so too did services. But they were both above 50, which indicate expansion.

There are signs that Japan’s inflation is holding up. For three successive months consumer prices have risen, which could suggest that Quantitative Easing is finally working.

And finally, Singapore will report bank lending for January. So watch out for the response from Singapore’s banks DBS Group (SGX: D05), UOB (SGX: U11) and OCBC (SGX: O39). In December bank lending rose 2.9%, which surprised the market. The bounce was driven by loans to financial firms.

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