Stocks to watch: DBS, Wilmar, FEHT, MIT, Yangzijiang, Japfa, FHT

THE following companies saw new developments that may affect trading of their securities on Friday:

D05: Singapore's largest lender posted a 72 per cent year-on-year net profit rise to S$2.01 billion for the first quarter ended March 31, beating Refinitiv's estimate of S$1.43 billion and versus S$1.16 billion in Q1 FY2020. In a business update on Friday morning, the bank said this is the first time in DBS's history that its quarterly net profit has crossed the S$2 billion mark. It has declared an interim dividend of 18 cents per share, payable on June 25. DBS ended Thursday down S$0.01 or 0.03 per cent at S$29.39.

Wilmar International: The agribusiness group's net profit doubled to US$450.2 million in Q1 2021 from US$224.1 million in the previous year, setting a record for the group's first-quarter results since its listing. Wilmar shares closed at S$5.30 on Thursday, up S$0.03 or 0.6 per cent.

Far East Hospitality Trust (FEHT): The trust posted a 6.9 per cent decline in gross revenue in Q1 2021 to S$21.3 million, down from S$22.9 million last year, citing lower occupancies in serviced residences and rental assistance given to tenants at commercial premises. Its net property income also fell 8.4 per cent to S$18.2 million, from S$19.9 million in Q1 2020. Units of the trust closed 1.6 per cent or one Singapore cent higher at 63.5 cents on Thursday.

ME8U: For its fourth quarter ended March 31, the trust posted a distribution per unit (DPU) of 3.30 Singapore cents, indicating a 15.8 per cent year-on-year increase from 2.85 Singapore cents in the corresponding period last year. Units of MIT ended Thursday up S$0.01 or 0.4 per cent at S$2.82.

Frasers Hospitality Trust (FHT): The trust posted a distribution per unit of 0.179 cent for the half year ending March 31, down 45.5 per cent from 0.3287 cent last year. FHT units closed 1.7 per cent or one cent lower at 56.5 cents on Thursday.

BS6: The shipbuilder on Thursday posted an 89 per cent increase in its net profit to 761.7 million yuan (S$156.1 million) for the first quarter ended March 31, up from 403.8 million yuan last year. Shares of Yangzijiang closed flat at S$1.46 on Thursday.

Japfa: The counter on Thursday posted a 37 per cent rise in net profit to US$48.5 million for the first quarter of 2021, up from US$35.5 million in the previous year. Revenue grew 16 per cent to US$1.1 billion from US$950 million, and earnings per share was 2.4 US cents, compared to 1.8 US cents in Q1 2020. Japfa shares closed flat at 90.5 cents on Thursday.