WITH the earnings reporting season still ongoing, the spotlight on stocks on Wednesday will still likely fall on those that have just reported their financial results this morning.

Oversea-Chinese Banking Corp (OCBC), Singapore's second-biggest lender, posted an 11 per cent rise in profit for the fourth quarter ended Dec 31, 2014 to S$791 million on the back of strong loan growth and fee income. But, according to Reuters, this missed analysts estimates due to higher costs linked to its newly acquired Hong Kong unit.

Operating expenses for OCBC rose 29 per cent from a year earlier, while provisions for soured loans and other assets doubled, in part due to the consolidation of Wing Hang Bank.

Croesus Retail Trust (CRT) posted a 3 per cent rise in distribution per unit (DPU) to 2.08 Singapore cents in the fiscal second quarter ended Dec 31, 2014 as it expanded its portfolio of Japanese retail assets.

Its net property income jumped 48.8 per cent year on year to 1.2 billion yen (S$14 million) while gross revenue leapt 51.7 per cent to 1.95 billion yen as it racked up higher rental income.

Weighed by the softer performance of hotels and serviced residences, Far East Hospitality Trust (Far East H-Trust) reported a 9.9 per cent year-on-year slip in distribution per stapled security (DPS) to 1.28 cents for the fourth quarter ended Dec 31, 2014. Net property income slipped 9.2 per cent to S$27.65 million, while gross revenue fell 9.8 per cent to S$30.28 million.

Companies that released earnings on Tuesday night could also find their stocks in action on Wednesday.

Stamford Land, for instance, reported a 14.7 per cent drop in net profit to S$15 million for the fiscal third quarter ended Dec 31, 2014 on weaker sales. Revenue fell 18.8 per cent to S$67.8 million as property development revenue dropped 72 per cent to S$5.6 million.

Rubber glove maker UG Healthcare said on Tuesday night that net profit for the fiscal first half fell 17 per cent on weaker revenue stemming from lower selling prices. Net profit for the six months ended Dec 31, 2014, stood at S$2.41 million, compared to S$2.91 million a year ago.

Otto Marine warned that the group is expected to report a loss for the year ended Dec 31, 2014 largely due to a cost overrun for the construction of a vessel; as well as low utilisation and delayed charter commencement for vessels in the offshore chartering segment.

Bucking up the corporate earnings report card was 800 Super Holdings, which reported a doubling of net profit for its fiscal first half on the back of stronger sales. Net profit for the waste management company during the six months ended Dec 31, 2014 stood at S$4.6 million, compared to S$2.3 million in the year-ago period, thanks to new contracts and projects re-awarded with revised pricing.