The Week Ahead: Can DBS Trump OCBC and UOB?

We are about to enter the final stretch of the Singapore earning season. More than a dozen Straits Times Index (SGX: ^STI) are pencilled in for results next week.

DBS Group (SGX: D05) will be the final Singapore banks to post numbers. It has a tough act to follow after blowout results from OCBC (SGX: O39) and UOB (SGX: U11). In August, Singapore’s biggest bank posted an 8% jump in second-quarter profits. However, the bank pointed to pressures in credit in the oil and gas sector.

Airport-services outfit SATS (SGX: S58) recently announced a tie-up with Malaysian-based airline AirAsia. Next week it will tell us how it has fared in the second quarter. In July, it said operating profit dipped 1.8% due to the end of rebates extended by Changi airport to help deal with challenging times. Could a fresh round of incentives be announced?

Staying with things in the air, Singapore Airlines (SGX: C6L) said in July there should be more opportunities for the low-cost segment of the group following the completion of the Scoot-Tiger integration. It added that the transformation programme should result in new opportunities to generate revues and restructure its cost base.

The worst appears to be over for property developers. Next week, CapitaLand (SGX: C31) and City Developments (SGX: C09) should reveal whether the run-up in their share prices has been justified. UOL Group (SGX: U14) will also report results next week.

Other companies with numbers to reveal include Singapore Technologies Engineering (SGX: S63), Jardine Cycle & Carriage (SGX: C07) Genting Singapore (SGX: G13), Wilmar International (SGX: F34), Singtel (SGX: Z74), ComfortDelGro (SGX: C52) and Golden Agri-Resources (SGX: E5H).

On the economic front, China will report inflation figures for October. Last month, China said consumer prices rose at a slower pace of 1.6% compared to the previous month. The slowdown was mainly due to lower food prices. However, non-food prices continue to rise.

And finally, Singapore recorded its sixth straight month of growth in retail trade last month since March. Can it make it seven? Some of the fastest-growing sectors were medical goods, footwear and computers & telecom equipment.

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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. The Motley Fool Singapore has recommended DBS Group, UOB and SATS.