Stocks to watch: DBS, Singtel, Great Eastern, CapitaLand Ascott Trust, OUE, OUE C-Reit

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

DBS : Singapore’s largest lender on Thursday reported net profit of S$2.6 billion for the second quarter ended June, up 45 per cent from S$1.8 billion in the previous year. It declared a dividend of S$0.48 per share for Q2, bringing its dividend for the first half of the fiscal year to S$0.90 per share. The counter ended Wednesday down 1.6 per cent or S$0.56 at S$33.84. 

Singtel : The telco’s counter fell sharply after analysts from Citi flagged a decrease in earnings from Telkomsel, Singtel’s regional associate in Indonesia, on Tuesday. Telkomsel’s net income for the second quarter ended Jun 30 fell 21 per cent on the year to 5.41 trillion rupiah (S$476.2 million), which the analysts said could weigh down Singtel group’s pre-tax profit for FY2024. Singtel’s shares closed at a low of S$2.46 amid heavy trading on Wednesday, down 6.8 per cent or S$0.18.