Stocks to watch: DBS, OCBC, UOB, SPH Reit, HPL, MLT, Ascott Residence Trust

THE following companies saw new developments that may affect trading of their securities on Friday (Apr 29):

DBS : Singapore’s largest bank on Friday posted a net profit of S$1.8 billion for the first quarter ended Mar 31, 2022, down 10 per cent from the record S$2.1 billion posted a year ago. This was in line with a S$1.88 billion consensus estimate from analysts polled by Bloomberg. The bank’s shares ended Thursday 0.3 per cent or S$0.11 higher at S$33.01.

OCBC : The lender reported S$1.36 billion in net profit for the quarter to March, 10 per cent lower than the record earnings of S$1.5 billion a year ago, as the local bank's wealth management fees, trading income and life insurance profit slipped. OCBC shares rose by S$0.09 or 0.8 per cent to S$11.96 on Thursday at market close.