Trading volume is likely to remain low on Monday as several key markets – Hong Kong, Australia and Europe - are closed for Easter holiday.

US equities extended gain last Thursday, led by industrials (+1.1%), real estate (+0.75%) and the information technology (+0.28%) sector, whereas energy (-0.53%) and financials (-0.24%) were lagging. Oil prices rose to a five-month high, with Brent challenging a key resistance at US$ 72.5 area.

Asian markets opened mildly higher, and China’s market performance is going to be a key driver for Asia today. Reports say that more China listed companies are taping on the stock market for financing, which could potentially undermine investor confidence.

Big tech earnings are likely to dominate US markets this week, with Amazon, Facebook, Twitter and Microsoft due for their 1Q profit announcement. In Singapore, six blue chip companies will release their earnings this week, including CapitaLand Mall Trust, SGX, Venture Corp, Yangzijiang, Jardine C&C and HPH Trust.

Gold prices have found some support at US$ 1,275 area as the bomb attack in Sri Lanka during the Easter weekend and North Korea’s recent test in new weapons spiked some demand for safety in the short term. Technically, gold prices have formed ‘lower highs’ and ‘lower lows’ since end Feb, suggesting the mid-term trend is bearish.

STI 1Q earnings calendars

Name

Date

Time

Period

Actual

Estimate

Surprise

Singapore Press Holdings Ltd

09/04/2019

 

Q2 19

0.02

0.034

(41.20)

Keppel Corp Ltd

18/04/2019

 

Q1 19

0.11

0.118

(5.10)

CapitaLand Commercial Trust

18/04/2019

 

Q1 19

0.02

 

 

CapitaLand Mall Trust

24/04/2019

08:00

Q1 19

 

0.03

 

Singapore Exchange Ltd

26/04/2019

Bef-mkt

Q3 19

 

0.093

 

Venture Corp Ltd

26/04/2019

Bef-mkt

Q1 19

 

0.28

 

Yangzijiang Shipbuilding Holdi

26/04/2019

 

Q1 19

 

0.16

 

Jardine Cycle & Carriage Ltd

26/04/2019

 

Q1 19

 

0.53

 

Hutchison Port Holdings Trust

27/04/2019

Bef-mkt

Q1 19

 

0.019

 

DBS Group Holdings Ltd

29/04/2019

Aft-mkt

Q1 19

 

0.59

 

Ascendas Real Estate Investmen

30/04/2019

Bef-mkt

Y 19

 

0.159

 

CapitaLand Ltd

01/05/2019

Bef-mkt

Q1 19

 

0.055

 

United Overseas Bank Ltd

03/05/2019

Aft-mkt

Q1 19

 

0.587

 

Genting Singapore Ltd

10/05/2019

Bef-mkt

Q1 19

 

0.026

 

Singapore Technologies Enginee

10/05/2019

 

Q1 19

 

0.045

 

UOL Group Ltd

10/05/2019

 

Q1 19

 

0.099

 

City Developments Ltd

10/05/2019

 

Q1 19

 

0.135

 

Oversea-Chinese Banking Corp L

10/05/2019

Aft-mkt

Q1 19

 

0.287

 

Wilmar International Ltd

11/05/2019

Bef-mkt

Q1 19

 

0.042

 

ComfortDelGro Corp Ltd

14/05/2019

 

Q1 19

 

0.035

 

Golden Agri-Resources Ltd

15/05/2019

 

Q1 19

 

0.00

 

Thai Beverage PCL

15/05/2019

 

Q2 19

 

0.287

 

Sembcorp Industries Ltd

15/05/2019

Aft-mkt

Q1 19

 

0.059

 

Singapore Airlines Ltd

17/05/2019

 

Y 19

 

0.613

 

Singapore Telecommunications L

17/05/2019

 

Y 19

 

0.186

 

SATS Ltd

30/05/2019

 

Y 19

 

0.232

 

 

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