In October, Keppel Corporation (SGX: BN4), reversed losses from a year ago to post a fourth-quarter profit of S$135 million. However, the industrial conglomerate said operating profit almost halved to S$5 million because of lower fair value gains on investment properties.
Keppel also said that while there are signs of improvements in the offshore rig sector, a V-shaped recovery is not envisaged.
CapitaLand Commercial Trust (SGX: C61U) delighted the market with a 6% rise in fourth-quarter distribution to 2.22 cents. The office landlord said CCT will focus on the domestic Singapore market but it will also look at investment opportunities in select gateway cities of developed markets.
On the economic front, the US is expected to report another balance of trade deficit for February despite repeated rhetoric from the White House that negative trade balances are bad. The US will also report retail sales, which is expected to show a growth of 0.6% in March, compared to a fall of 0.2% in the previous month.
China could say that its economy grew at an annualised rate of 6.4% in the fourth quarter. That would be unchanged from the previous quarter. Meanwhile, the growth in house prices could have accelerated to 11.4% in March from 10.4% in February, while Chinese retail sales could have grown 8.2% in March.
The rate of inflation in Japan could have quicken a tad to 0.3%. In the Eurozone, the final reading for inflation is expected to confirm an annual rate of 1.4%. In the UK, the annual rate of inflation for March could be unchanged at 1.8% from a month earlier. In February, prices went up for food, alcohol and tobacco.
And finally, the people of Indonesia will elect its next president on 17 April. The election will be a re-match of the 2014 presidential election when Joko Widodo defeated former general Prabowo Subianto.
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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 in CCT.