The Motley Fool

The Week Ahead: CCT, Keppel Corp And SATS

The earnings season moves into second gear with results from three more Straits Times Index (SGX: STI) companies.

In April, CapitaLand Commercial Trust (SGX: C61U) said distributable income rose 8% thanks to a better performance of its portfolio. But it said negative rent reversions could impact revenue growth in 2019.

Keppel Corporation (SGX: BN4) has said it was confident of achieving a return on equity of 15% in the mid-term to long-term horizon. In the first quarter, the annualised return on shareholder funds was 7%. Net profits at the conglomerate in the first three months were affected by smaller gains from en bloc residential sales.

Ground handler, SATS (SGX: S58), said demand for aviation services and high-quality food in Asia Pacific continues to grow. In May, it said net profit declined due to the absence of one-off gains. But operating profit continued to improve year on year.

On the economic front, US retail sales growth could have slowed to 0.3% in June from 0.5% the previous month. In May, robust sales was seen for motor vehicles and a variety of other goods.

Retails sales growth could have slowed in China too. But the focus could be on China’s GDP growth rate. This could have moderated from 6.4% in the first quarter to 6.2% in the second three months of the year.

Japan’s headline inflation rate could have inched up from 0.7% in May to 0.8% in June. But the core inflation rate could have slowed from 0.8% to 0.6%.

Australia will report the number of people out of work for June. The unemployment rate is expected to be unchanged at 5.2%. Elsewhere, the unemployment rate in the UK is also expected to be unchanged at 3.8%.

And finally, Singapore will post non-oil exports for June. It could be another month of declining exports, which could add to concerns that the local economy is slowing.

The Motley Fool’s purpose is to help the world invest, better. Click here now for your FREE subscription to Take Stock - Singapore, The Motley Fool’s free investing newsletter. Written by David Kuo, Take Stock - Singapore tells you exactly what’s happening in today’s markets, and shows how you can GROW your wealth in the years ahead.

Like us on Facebook to keep up to date with our latest news and articles. The Motley Fool’s purpose is to help the world invest, better. 

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.