Stocks to watch: DBS, Olam, Parkway Life Reit, Japfa, CSE Global

THE following companies saw new developments that may affect trading of their securities on Thursday (May 2): 

DBS : The lender on Thursday announced a 15 per cent year-on-year rise in first quarter net profit to S$2.95 billion, marking a new high. DBS said net profit would have been S$2.96 billion excluding exceptional items, which included integration costs for Citibank Taiwan. It declared an interim dividend of S$0.54 for each ordinary share. Additional shares arising from its proposed 1-for-10 bonus issue will also qualify for this dividend.

On Tuesday, the Monetary Authority of Singapore said it will not extend the six-month restriction on DBS’ non-essential activities, but the 1.8 times multiplier on its risk-weighted assets for operational risk remains. Shares of DBS ended Tuesday at S$34.90, up S$0.12 or 0.4 per cent.