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Stocks to watch: NeraTel, Jardine C&C, OCBC

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OCBC Bank reported on Friday a net profit of S$856 million for the first quarter of 2016, a fall of 14 per cent from S$993 million a year ago as growth in net interest income and higher associates' contribution were offset by lower insurance income and increased allowances.

THE following stocks made material announcements which may affect trading on Friday:

Nera Telecommunications said that it is currently at an advanced stage of discussions with a third party on the possible sale of its payment solutions business. Its trading halt has been lifted.


Jardine Cycle & Carriage's first-quarter net profit fell 20 per cent to US$140.6 million, or 36 US cents per share, on weaker contributions from its Astra subsidiary, the car distributor announced on Thursday after the market closed.


OCBC Bank reported on Friday a net profit of S$856 million for the first quarter of 2016, a fall of 14 per cent from S$993 million a year ago as growth in net interest income and higher associates' contribution were offset by lower insurance income and increased allowances.