Week Ahead in SGX Market: Key Earnings from Major S-REITs Players, MAS Policy Statement, Inflation and Unemployment Data

January 22, 2024

The upcoming week for the SGX market appears to be quite eventful, with a mix of corporate earnings releases, economic data announcements, and monetary policy updates.

Here’s what to look out for investors looking to invest in the Singapore market.

Corporate Earnings and Business Updates

The week is packed with earnings releases and business updates from major trusts and REITs (Real Estate Investment Trusts). Key names include Frasers Centrepoint Trust (SGX: J69U), Sabana REIT (SGX: M1GU), Suntec REIT (SGX: T82U), Mapletree Logistic Trust (SGX: M44U), Mapletree Industrial Trust (SGX: ME8U), and Keppel DC REIT (SGX: AJBU). These releases will provide insights into the performance of the real estate and investment sectors in Singapore.

Singapore Monetary Authority (MAS) Policy Statement

The MAS will release its Monetary Policy Statement, which is crucial for understanding the central bank’s view on the economy and its future policy direction. This can impact financial markets, including currency and equity markets.

Economic Data Releases

Various key economic indicators are scheduled for release, such as the CPI (Consumer Price Index), which measures inflation on Tuesday, and the unemployment data on Thursday. These indicators are vital for assessing the health of the Singapore economy and can influence investment decisions. Singapore’s industrial production data will also be released this Friday, allowing investors to have a measure of the country’s strength in the manufacturing industry.

Regional Economic Indicators

Economic data from neighboring countries and major trading partners like China (Loan Prime Rates), Malaysia (CPI and Foreign Reserves), Taiwan (Unemployment Rate, Export Orders), and South Korea (Exports, Imports, various Sales data) will also be crucial. These data points can impact regional market sentiment and, by extension, the SGX market.

International Economic Events

Global economic events, such as the release of manufacturing and services PMIs (Purchasing Managers’ Index) from the US, UK, Germany, and Japan, can also influence the SGX market. Singapore’s economy being highly export-oriented, makes it sensitive to global economic trends.

A look at the businesses and economic health

Investors and market participants should closely monitor these events as they could bring both volatility and opportunities in the SGX market. The corporate earnings will particularly be a key focus, providing insights into how companies are navigating the current economic environment. Additionally, economic data releases and policy statements will help in gauging the economic health and potential monetary policy shifts, which are critical for market sentiment.

Disclaimer: ProsperUs Head of Content & Investment Lead Billy Toh doesn’t own shares of any companies mentioned.

Disclaimer: ProsperUs Head of Content & Investment Lead Billy Toh doesn’t own shares of any companies mentioned.

This material is categorised as non-independent for the purposes of CGS-CIMB Securities (Singapore) Pte. Ltd. and its affiliates (collectively “CGS-CIMB”) and therefore does not provide an impartial or objective assessment of the subject matter and does not constitute independent research. Consequently, this material has not been prepared in accordance with legal requirements designed to promote the independence of research. Therefore, this material is considered a marketing communication. This material is general in nature and has been prepared for information purposes only. It is intended for circulation amongst CGS-CIMB’s clients generally and does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this material. The information and opinions in this material are not and should not be construed or considered as an offer, recommendation or solicitation to buy or sell the subject securities, derivative contracts, related investments or other financial instruments or any derivative instrument, or any rights pertaining thereto. CGS-CIMB have not, and will not accept any obligation to check or ensure the adequacy, accuracy, completeness, reliability or fairness of any information and opinion contained in this material. CGS-CIMB shall not be liable in any manner whatsoever for any consequences (including but not limited to any direct, indirect or consequential losses, loss of profits and damages) of any reliance thereon or usage thereof.

Billy Toh

Billy is deeply committed to making investment accessible and understandable to everyone, a principle that drives his engagement with the capital markets and his long-term investment strategies. He is currently the Head of Content & Investment Lead for Prosperus and a SGX Academy Trainer. His extensive experience spans roles as an economist at RHB Investment Bank, focusing on the Thailand and Philippines markets, and as a financial journalist at The Edge Malaysia. Additionally, his background includes valuable time spent in an asset management firm. Outside of finance, Billy enjoys meaningful conversations over coffee, keeps fit as a fitness enthusiast, and has a keen interest in technology.

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