As we move into the week of September 9, 2024, several key developments on the Singapore market and the global economic front will take center stage. Investors will be watching a host of corporate announcements and ex-dividend dates for major companies listed on the Singapore Exchange (SGX), alongside significant global macroeconomic events.
Singapore Corporate Updates and Dividends
A busy week is expected in Singapore’s corporate sector, with several companies announcing ex-dividends on Monday, September 9. Key highlights include:
- Pacific Century Regional Developments offering a dividend of SGD 0.0112 per share.
- XMH Holdings declaring SGD 0.0025 + SGD 0.0325 per share.
- LION-OCBC Securities APAC Financial Development ETF, with an ex-dividend of SGD 0.0017.
In addition, Y Ventures Group will go ex-rights, offering shareholders 1 share for every share held. Investors looking to capitalize on these dividends and rights offers will need to ensure they hold shares by the ex-date to qualify.
Singapore Earnings Releases
Investors will also be looking out for earnings reports, particularly from Del Monte Pacific, which is scheduled to release its financial results after market close on Tuesday, September 10. This report could provide insights into the company’s performance and future growth potential, especially in the context of ongoing economic uncertainties.
Macroeconomic Events Impacting Singapore
Several key macroeconomic data points will also be released this week, both locally and globally. Singapore will see the release of its Foreign Reserves data and the Monetary Authority of Singapore (MAS) Survey of Professional Forecasters, running from September 6 to 11. These reports could offer clues on the outlook for Singapore’s economy, interest rates, and inflation.
China and Global Data
Singaporean companies with significant exposure to China will be watching closely as China releases several key data points, including the Consumer Price Index (CPI) and Producer Price Index (PPI) on Monday, September 9. With China’s economy slowing down in recent months, any signs of recovery or further weakness could have ripple effects across Singapore’s export-driven economy.
Moreover, investors will keep an eye on global events, including the European Central Bank (ECB) rate decision on Thursday, September 12, and the U.S. Consumer Price Index (CPI) data on Wednesday, September 11. Both reports could impact global markets, including Singapore, as traders adjust their expectations on monetary policies from major central banks.
Big Global News
Adding to the global economic narrative, the first U.S. presidential debate between Donald Trump and Kamala Harris is set for Wednesday, September 10. This debate will be closely monitored for any economic policy insights that could influence global trade, especially in Asia.
Key Economic Indicators to Watch
- U.S. Wholesale Inventories and New York Fed 1-year inflation expectations (Monday).
- China Exports and Imports YoY (Tuesday).
- UK Industrial Production and GDP (Wednesday).
- U.S. Initial Jobless Claims and Producer Price Index (PPI) (Thursday).
- University of Michigan Sentiment Index (Friday).
Cautious Look Ahead
Investors should prepare for potential volatility this week, driven by a mix of local corporate actions, earnings reports, and global macroeconomic developments. With Singapore companies going ex-dividend, earnings releases, and important economic data coming out of China and the U.S., this week promises to keep investors on their toes.
Disclaimer: ProsperUs Head of Content & Investment Lead Billy Toh doesn’t own shares of any companies mentioned.
