Stocks to watch: OCBC, FLCT, Clas, Jardine Matheson, Keppel Reit, NetLink, Del Monte Pacific

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Aug 1):

OCBC : The local bank’s net profit for Q2 FY2025 fell 7 per cent with the fall in interest rates, coming in at S$1.82 billion for the three months ended Jun 30,from S$1.94 billion a year earlier. This beat the S$1.79 billion earnings consensus forecast in a Bloomberg poll of six analysts. OCBC declared an interim dividend of S$0.41 per share, down from S$0.44 per share of the year before. Shares of OCBC closed 1 per cent or S$0.17 lower at S$16.87 on Thursday, ahead of the release of the results.

Frasers Logistics & Commercial Trust (FLCT) : It reported a lower portfolio occupancy of 92.5 per cent for Q3, a drop of 1.4 percentage points from 93.9 per cent a quarter earlier. The real estate investment trust (Reit) leased around 100,707 square metres in the quarter ended Jun 30. The Reit’s rental reversion was 43.3 per cent on an average-versus-average basis across its 114 properties in Singapore, Australia, Germany, the Netherlands and the UK. The counter closed 1.7 per cent or S$0.015 lower at S$0.88 on Thursday, before the business update.