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The Week Ahead: Singapore Airlines, ST Engineering and CapitaLand

We are nearing the end of the Singapore quarterly earnings season. Five companies are pencilled in for results next week.

Two farmers will step into spotlight. They are Wilmar International (SGX: F34) and Golden Agri-Resources (SGX: E5H). In August, Wilmar posted a five-fold increase in bottom-line profits, thanks to a strong performance from Oilseeds and Grains. But GAR fell into a loss last time because of softer palm-oil prices and foreign-exchange losses.

The string of quarterly improvements at Singapore Airlines (SGX: C6L) ended abruptly in July when the flag carrier reported a 59% drop in profits for the first three months of the year. A sharp climb in oil prices and the absence of exceptional gains was to blame.

Defence contractor Singapore Technologies Engineering (SGX: S63) and property developer CapitaLand (SGX: C31) are also pencilled in for results.

On the economic front, US inflation numbers could provide some clues as to how aggressive the Federal Reserve might be with its interest-rate hikes. In September, a sharp slowdown in fuel prices brought down the rate of inflation to 2.3%. The October rate is expected to stay roughly the same.

India has inflation numbers too. The rate of consumer prices increase is expected to jump from 3.77% in September to 4.5% in October. The rate will still below the long-run average, but above the Bank of India’s forecast of 4%.

The China retail sales numbers will be closely watched for signs that its consumers are losing their urge to shop. In September, retail sales growth came in at 9.2%, with garments, personal care and home appliances driving the rise. The growth could have moderated to 9.1% in October.

Indonesia will announce its latest interest-rate decision. The central bank of Indonesia is expected to keep the reverse repurchase rate unchanged at 5.75%. The rupiah appears to have gone past the worst, as foreign funds return.

And finally, Singapore retail sales are expected to have recovered after two consecutive months of decline. Some of the worst affected sectors were motor vehicles, computer and telecom equipment, and optical goods and books.

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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.