Outlook for the week
Key economic releases for the week
Past week: Key events
Olam International: Results were poorer from lower commodity prices and demand for non-food products and out-of-home related food products, while ended gearing higher.
Centurion Corporation Limited: PBSA assets impacted by travel restrictions and online classes, while more provisions made for receivables as some tenants face financial strain. Worker dorms are stable however expenses higher due to covid measures, and new developments are put on pause.
Keppel Corp: Temasek’s partial offer has been taken off and bond prices fell on the news. Results were affected by yard closures, lockdowns and some orderbook terminations. Revenue fell across all segments.
City Developments Limited: Hotels still in the red, but residential sales are resilient with lower land supply and stable prices. Balance sheet is healthy with plans to divest non-core hotel assets and china retail malls to boost liquidity.