There is just one more counter to announce results before the curtain can come down on the blue-chip earnings season for the third quarter.
Airport services company, SATS (SGX: S58) is pencilled in for first-quarter results before the market opens on Monday morning. In July, SATS said there is still much uncertainty about how the pandemic will develop and the longer-term impact on the economy and travel-related businesses.
It added that despite the impact of the pandemic, group revenue growth was driven by initiatives beyond aviation.
On the economic front, there has never been a more important time than now for central bankers to provide a clear strategy for handling the economic fallout from the pandemic. They will get a chance to set out their stalls at the Jackson Hole symposium.
Thailand will report trade data for July that could show another month of surplus. Whilst the balance of trade could show a second month of decrease, it could, nevertheless, mark the sixth month of surplus.
Vietnam will also report trade figures. The market is expecting a trade surplus of US$2.9 billion, which would be the highest since August 2019. The country could also report a rise in retail sales for August and a rise in the annual rate of inflation.
Malaysia is also expected to report a health trade surplus, though it would be hard to match the surplus in June, which was the largest on record.
And finally, Singapore could report a fall in the headline rate of inflation for July. In June, consumer prices dropped 0.5% year on year with falls in transport costs, clothing and footwear offsetting rises in food and housing and utilities.
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Disclosure: David Kuo owns shares in SATS.
