Smart Look At The Week Ahead: The Next US President FREE SPECIAL REPORT

1970-01-01     thesmartinvestor
Smart Look At The Week Ahead: The Next US President

We now know who will be the next president of America. But Donald Trump has stated that he will not concede defeat. All eyes will be on what the current occupant of The White House will do next.

The US will report inflation numbers that could show core consumer prices continued to rise at a moderate rate of 1.7% in October. By contrast, China, which will also report inflation numbers, could say that consumer prices only rose 1% last month.

The UK could say that the rate of employment climbed from 4.5% in August to 4.8% in September. Meanwhile, the UK economy could have shrunk 9.3% in the third quarter.

Indonesia could say that slowdown in retail sales had moderated to 7.5%. Elsewherein Southeast Asia, Malaysia could say that its retail sales only dipped 1.5% in September.

On the results front….

Another crop of Singapore blue chips are pencilled in for trading updates or results. In August Genting Singapore (SGX: G14) said first-half revenue dropped 36% as a result of travel restrictions earlier in the year. Thankfully, the integrated resort should say that it has adequate cash resources to weather the crisis when it updates investors.

CapitaLand (SGX: C31) could provide a trading update, too. At the six-month stage in August, the property conglomerate posted an 89% fall in profit. It had been impacted by a closure of sales offices and a government mandate to support tenants.

Meanwhile, City Developments (SGX: C09) said in August that the prolonged COVID-19 pandemic had severely impacted the group’s property and hotels. At the halfway mark, it posted a 99% plunge in net profit.

Sembcorp Industries (SGX: U96) said in July that it could incur losses for the full year due to exceptional items recorded in the first half. The industrial conglomerate said in July that its business outlook in subsequent quarters will depend on how soon its workforce will be allowed to return to full strength.

There could also be updates from Singapore Technologies Engineering (SGX: S63), SATS (SGX:S58), ComfortDelGro (SGX:C52) and UOL Group (SGX: U14).

And finally, it is the Festival of Light on Saturday. So, a Happy Diwali to everyone. And if you are planning to enjoy the colourful decorations in Little India, don’t forget to wear your mask and do keep a safe distance.

Read full post on thesmartinvestor

Related Articles