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The Week Ahead: CapitaLand Mall Trust and Hutchison Port Holdings

The focus next week could be more on political events rather than economic numbers when Robert Mueller testifies before the House Judiciary Committee. This will be followed by a testimony before the House Intelligence Committee.

In Japan, the country will be totting up the votes for its Upper House election. The Abe-led Liberal Democratic Party-Komeito coalition is expected to maintain its majority. This should make it easier for the government to push through its sales-tax hike in October.

On the economic front, the market will get a first look at America’s second-quarter economic growth rate. It is expected to be considerably slower than in the first three months of the year.

The European Central Bank will announce its latest interest-rate decision. It is widely expected to keep it unchanged at 0%. Elsewhere, the Bank of England is forecast to keep its benchmark rate unchanged at 0.75%.

Thailand will report balance of trade for June. This is expected to jump significantly from US$0.18 billion in May to US$1.3 billion in June. Meanwhile, Vietnam is expected to say that foreign direct investment increased from US$9.1 billion in June to $10.5 billion in July. And inflation in Malaysia could have risen from 0.2% in May to 0.7% in June.

Could there be more cheer in store when CapitaLand Mall Trust (SGX: C38U) reports second-quarter results. In April, the shopping-mall landlord raised its first-quarter payout by 3.6%. But it expressed caution amidst a slowdown in both the global and Singapore economies. It also warned that competition amongst shopping malls could intensify.

Hutchison Port Holdings (SGX: NS8U) posted a minuscule 0.3% rise in first-quarter revenue. But net profit slumped by a-third. Interest and other finance costs rise by a-fifth because of higher Hibor and Libor applied to its loans.

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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 CMT.