The Motley Fool

The Week Ahead: CMT, SGX and Venture Corporation

The Singapore earnings season will step up a notch with seven Straits Times Index (SGX: ^STI) stocks pencilled in for results.

CapitaLand Mall Trust (SGX: C38U) increased its fourth-quarter distribution by 3.1% in January. The owner of 15 Singapore shopping malls said it was aware of the slowdown in the global economy and uncertainty in the interest-rate environment.

Both revenue and bottom-line profit increased in the second-quarter at Singapore Exchange (SGX: S68). They were driven by a jump in demand for derivatives. It was the second consecutive quarter of record performance for the derivatives business.

Venture Corporation (SGX: V03) posted a slump in fourth-quarter net profit and a drop in revenue. But it said that there has been increased interest from businesses looking to relocate production to South-east Asia.

Updates are also expected from Dairy Farm International (SGX: D01), Hongkong Land (SGX: H78), Jardine Cycle & Carriage (SGX: C07) and Hutchison Port Holdings (SGX: NS8U).

On the economic front, growth in the US economy could have slowed from 2.2% in the fourth quarter of 2018 to 2% in the first three months of 2019. The 4% growth rate once touted by the Trump administration now seems like an elusive dream.

Australian inflation could have moderated to 1.5% in the first quarter from 1.8% last time. That could give the Reserve Bank of Australia some wiggle room to cut rates if needed.

Speaking of interest rates, Bank Indonesia should keep its benchmark reverse repo rate unchanged at 6%. The bank said the rate should maintain the attractiveness of the domestic market for foreign investors.

Elsewhere, the Bank of Japan is expected to keep interest rates on hold at minus 0.1%. The bank is also expected to continue buying Japanese Government Bonds, exchange-traded funds and Japan REITs.

And finally, Singapore’s core consumer prices inflation rate could have increased to 1.7% in March from 1.5% a month earlier.

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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.