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The Week Ahead: Keppel Corp, SATS, CCT and CMT

Four more Straits Times Index (SGX: ^STI) companies are pencilled in for quarterly results next week.

Keppel Corporation (SGX: BN4) is starting to look more like the conglomerate that it is, rather than just a builder of oil rigs. In April, it posted a 33% jump in first-quarter earnings. This was thanks to a stronger performance from its property division. Keppel Corp will report on Thursday.

It wasn’t the best of quarters for SATS (SGX: S58) when it reported earnings for the final three months of its financial year in May. Fourth-quarter earnings were down 1.8% following a slowdown in food solutions. Thankfully, that was offset by better results at gateway services. SATS will announce first-quarter results on Thursday.

CapitaLand Commercial Trust (SGX: C61U) distributable income rose 7.5% in the first quarter. But distribution per unit fell 11.7% because of an increase in the number of units. CCT will post second-quarter numbers on Thursday.

Another CapitaLand (SGX: C31) subsidiary is pencilled in for results. CapitaLand Mall Trust (SGX: C38U) will report on Friday. In April, Singapore’s largest mall owner lifted its quarterly pay out, even though footfall dipped.

On the political front, the US President is scheduled to meet the Russian president in Helsinki on Monday, after a disastrous foot-in-mouth visit to the UK. It is unclear why the summit will go ahead after special counsel, Robert Mueller, indicted 12 Russian intelligence officers for attacking American democracy.

On the economic front, China will report its economic growth rate for the second quarter. This number will not reflect the impact of the Sino-US tariff war. Nevertheless, the growth of the Chinese economy is still expected to slow from 6.8% to 6.7%.

The UK will report inflation figures for June, which could show an increase to from 2.4% to 2.6%. In May, inflation was driven by higher fuels and lubricant costs.

And finally, Singapore will post inflation numbers, too. The headline rate could show a slight increase from 0.4% to 0.6%. Core inflation could have increased from 1.5% to 1.6%.

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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 SATS, CCT and CMT in any companies mentioned.