Stocks to watch: DBS, ThaiBev, Sats, Thomson Medical, EC World Reit

THE following companies saw new developments that may affect trading of their securities on Monday (Feb 13):

DBS Group : Singapore’s largest lender saw a 69 per cent year-on-year rise in net profit to a record S$2.3 billion for its fourth quarter ended Dec 31, 2022. This comes as the bank’s total income rose 41 per cent to a record S$4.6 billion on higher net interest income. Trading income and investment gains had also improved from a low base, DBS said in its earnings release on Monday. The counter closed 0.3 per cent or S$0.11 higher at S$36.03 on Friday.

Thai Beverage (ThaiBev): The mainboard-listed company recorded a 4.9 per cent year-on-year increase in sales revenue to 80.9 billion Thai baht (S$3.2 billion) in the first quarter ended Dec 31, 2022. ThaiBev said on Friday that this is in line with the reopening of Thailand and Vietnam. Shares of ThaiBev closed flat at S$0.70 on Friday.