Stocks to watch: DBS, Wilmar, MLT, Sheng Siong, Micro-Mechanics, Samudera

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

DBS : The lender posted a 43 per cent gain in net profit to S$2.6 billion for the quarter ended Mar 31, up from S$1.8 billion in the year-ago period on higher interest rates, sustained business momentum and resilient asset quality, it said on Tuesday. It declared an interim dividend of S$0.42 per share for the period, payable on May 22 after books closure on May 10. Shares of DBS rose 0.2 per cent or S$0.06 to S$32.82 on Friday.

Wilmar International : The agribusiness group reported a 26.2 per cent drop in net profit to US$391.4 million in the first quarter ended Mar 31, down from US$530.3 million in the same period a year prior. Wilmar on Friday said its results for the fiscal quarter were satisfactory, despite the uncertain macroeconomic outlook at the start of the year. Shares of Wilmar fell 1 per cent or S$0.04 to S$3.93, before the news.