Stocks to watch: DBS, Wilmar, Sheng Siong, Starhill Global Reit, CDLHT, CDL, Lum Chang Creations

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (Apr 30):

DBS : The lender posted a net profit of S$2.93 billion for its first quarter ended Mar 31, up 1 per cent from S$2.9 billion in the year-ago period. The earnings beat the S$2.88 billion consensus forecast in a Bloomberg survey of six analysts and were due to strong wealth management performance. DBS also announced a total dividend of S$0.81 per share. The counter closed down 0.3 per cent or S$0.19 at S$56.56 on Wednesday.

Wilmar : The agribusiness group reported a 22.8 per cent decrease in net profit to US$265.6 million for the first quarter ended Mar 31, from US$343.9 million in the corresponding year-ago period. Revenue for the quarter grew 21.9 per cent to US$19.8 billion from US$16.2 billion in the year-ago period, it said on Wednesday. Shares of Wilmar closed up 1.3 per cent or S$0.05 at S$3.83 on Wednesday, before the results.