Singapore Market Week Ahead: SATS, Seatrium Earnings, Money Supply Trends, and Bond Yield in Spotlight

May 27, 2024

As the new week unfolds, investors remain captivated by the latest financial releases from companies listed on the Singapore Exchange (SGX), with particular attention on two Straits Times Index (STI) constituents, SATS Ltd (SGX:S58) and Seatrium Ltd (SGX:5E2).

SATS is poised to unveil its FY2024 results. Considering the company’s role in global trade and transportation, investors are advised to closely monitor its latest quarterly performance alongside developments in global policies, factors that intricately shape SATS’s future trajectory. (Read: Why SATS Ltd Could Be a Smart Addition to Your Portfolio?)

Simultaneously, Seatrium’s forthcoming 1QFY2024 report draws interest, especially considering recent stock performance woes. After announcing an arbitration settlement amounting to S$91.5 million last week, this week’s results may provide clarity on the financial implications. It’s also vital to look for potential contract wins for Seatrium. 

Other SGX-listed companies are also slated to disclose their FY2024 results. These are Boustead Singapore Ltd (SGX:F9D), Yoma Strategic Holdings Ltd (SGX:Z59), Valuetronics Holdings Ltd (SGX:BN2), and KSH Holdings Ltd (SGX:ER0).

In the realm of economic indicators, attention is directed towards key metrics such as Deposits and Balances of Residents Outside Singapore, Money Supply M1 and M2 year-on-year (y-o-y) figures, and the 2-Year Bond Yield, providing invaluable insights into liquidity, money flow, and investor confidence within the financial system.

Additionally, Singapore’s release of Export and Import Prices for April, alongside Bank Lending data, underscores the nation’s economic activity. Notably, Singapore’s bank loans rose to S$807.8 billion in March 2024, marking the highest loan amount since December 2022.

Elsewhere, China is set to disclose April’s Industrial Profits. Profits earned by China’s industrial firms rose 4.3% y-o-y from January to March 2024, a significant slowdown compared to the 10.2% increase in the previous period.  

Meanwhile, the US awaits the second estimate for Q1 GDP. The advance estimate had indicated that the US economy grew at an annualized rate of 1.6% in the first quarter of 2024, down from 3.4% in the previous quarter, highlighting a slowdown in economic growth.

Furthermore, the release of the Core Personal Consumption Expenditures (PCE) Price Index, Personal Income, and Personal Spending data for April, will provide deeper insights into consumer behavior and inflationary pressures.

With such a plethora of data on the horizon, investors brace for a week filled with market-moving insights and implications. 

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


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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