Singapore Market Week Ahead: Key Corporate Earnings from UOL, City Developments, OCBC and Key Economic Data Releases

February 26, 2024


As we transition from February into March, the Singapore market anticipates a flurry of corporate earnings releases and macroeconomic updates that are poised to influence investment decisions and market sentiment.

Here’s what retail investors should keep an eye on in the week ahead:

Corporate Earnings

Notable companies within the Straits Times Index (STI) are set to unveil their earnings reports. Expect updates from real estate giants like UOL Group, City Developments, and CapitaLand Investment, which could provide valuable insights into sector performance and overall market health.

Additionally, investors will be keenly watching the earnings announcements of OCBC Bank and ST Engineering, which are also part of the STI constituents.

Airport service provider SATS and transport company ComfortDelGro Corporation, along with its subsidiary SBS Transit, are scheduled to disclose their financial results, shedding light on the performance of crucial sectors within the Singapore economy.

Besides that, ex-dividend dates for Elite Commercial REIT, United Hampshire US REIT, and ARA US Hospitality Trust may warrant attention from retail investors.

Macroeconomic Indicators

Global economic surveys and reports, including the Bloomberg February Economic Surveys for China and India, will provide insights into the economic health of the second and fifth largest economies, potentially influencing market sentiment.

International economic data points such as US GDP, Hong Kong GDP, French GDP and CPI, as well as Taiwan’s GDP and unemployment rate will shape global economic trends, impacting Singapore’s market performance.

Local and Global Market Influences

Coming Thursday, Japan will release data on foreign investments in its stocks and bonds, alongside its own investments abroad. Japan’s market has surged, with foreign purchases hitting their seventh-highest value since 1982 in January. The Nikkei Stock Average also closed above its 1989 all-time high last Thursday.

Locally, Singapore will unveil key data including deposits and balances of residents outside Singapore, the annual Money Supply M1 and Money Supply M2. Following that, on Friday, S&P Global will disclose the Manufacturing PMI for UK, US, Indonesia, Malaysia and Taiwan.

Investment Considerations

With a plethora of economic indicators both locally and globally, investors should remain vigilant and diversify their portfolios to mitigate risks associated with market volatility and capitalise on emerging opportunities.

Staying informed about daily market updates through various channels, including ProsperUs social media, website, and Telegram, can help investors make informed choices and navigate market fluctuations effectively.

Disclaimer: ProsperUs Content Manager Hailey Chung doesn’t own shares of any companies mentioned.


Hailey Chung

As a lifelong learner, Hailey strives to simplify finance for everyday investors, making it relatable and enjoyable. She desires to support investors with various background, whether they are grappling with limited time and resources in seeking financial freedom or are sincere in stewarding their money well as a token of gratitude for God's provision. With a focus on responsible investing, Hailey balances caution and opportunity, believing life's too short to stress over market fluctuations. Beyond the pursuit of profits, she advocates for investments aligned with building a better world. As Manager of Content at ProsperUs, she leverages her journalism background from The Edge Malaysia, where she honed her skills at the capital and corporate desk.

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