Stocks to watch: OCBC, Ascendas Reit, Singtel, BRC Asia, TalkMed

THE following companies saw new developments that may affect trading of their securities on Wednesday (Aug 3):

OCBC : The local lender’s Q2 profit rose 28 per cent to S$1.48 billion from S$1.16 billion last year, underpinned by robust performance across its banking, wealth management and insurance businesses, it said on Wednesday. OCBC closed Tuesday 0.7 per cent or S$0.08 higher at S$11.82.

Ascendas Real Estate Investment Trust : The real estate investment trust on Tuesday posted a distribution per unit of 7.873 Singapore cents for its first half ended Jun 30, 2022, up 2.8 per cent from 7.66 cents a year ago. The counter closed S$2.96 on Tuesday, down 0.3 per cent or S$0.01, before the results release.