Stocks to watch: OCBC, Sembcorp, Genting Singapore, Ho Bee Land, SBS Transit

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Feb 25):

OCBC : OCBC on Wednesday reported a 3 per cent increase in net profit for the fourth quarter, driven by a surge in non-interest income. Net profit for the three months ended Dec 31, 2025, stood at S$1.75 billion, versus S$1.69 billion a year earlier. The lender declared a final dividend of S$0.42 per share, up from S$0.41 per share in the year-ago period. Shares of OCBC closed 1.2 per cent or S$0.26 lower at S$21.43 on Tuesday.

Sembcorp Industries : Sembcorp Industries on Wednesday reported a 5 per cent decrease in net profit to S$448 million for the second half ended Dec 31, compared with S$473 million in the same period the previous year. Revenue for H2 fell 11 per cent to S$2.9 billion, from S$3.2 billion a year earlier. Its shares fell 0.8 per cent or S$0.05 to close at S$6.30 on Tuesday.

Genting Singapore : The company on Tuesday reported a 30 per cent decline in net profit for the second half of its financial year to S$155.6 million, from S$222 million in the same year-ago period. However, non-gaming revenue jumped 10 per cent in H2 FY2025 to S$473.1 million, from S$428.3 million previously. Shares of Genting Singapore ended Tuesday flat at S$0.79, prior to the release of results.

Ho Bee Land : The real estate developer on Tuesday posted a 50 per cent decline in net profit for the second half of its financial year ended Dec 31 to S$50.4 million, from S$100.7 million the year before. The board recommended a first and final dividend of S$0.05 per ordinary share for FY2025, an increase from S$0.04 per share in the previous fiscal year. The counter ended Tuesday 0.8 per cent or S$0.02 higher at S$2.50, before the news.

SBS Transit : The transport group on Tuesday reported a 13 per cent decline in net profit to S$61.2 million, as revenue and operating profit both declined. It will still reward shareholders with a final dividend of S$0.0866 per share and a special dividend of S$0.3199 per share. Revenue from public transport services fell 3 per cent to S$1.45 billion, largely due to lower bus revenue. Shares of SBS Transit closed up 1.5 per cent or S$0.05 at S$3.44, before the release of results.

CapitaLand India Trust (Clint) : Clint closed a private placement where it sought to raise at least S$150 million to fund two buildings in Bengaluru, India, it said on Wednesday. Clint issued 124.2 million new units at S$1.208 per unit in the placement, which was 2.6 times covered with new and existing institutional, accredited and other investors taking part. Units of Clint rose 0.8 per cent to close at S$1.27 on Monday, before a trading halt was called on Tuesday, when it announced the placement. The halt will be lifted for Wednesday trading.

Stoneweg Europe Stapled Trust (Sert) : Sert’s distribution per stapled security for the second half ended Dec 31 fell 3.1 per cent to 0.06837 euro, from 0.07056 euro in the corresponding year-ago period. Second-half revenue stood at 107.2 million euros (S$159.9 million), up 0.5 per cent from 106.6 million euros previously. Stapled securities of Sert rose 0.6 per cent or 0.01 euro to close at 1.67 euros on Tuesday.

OUE Real Estate Investment Trust (Reit) : The manager of the Reit entered into a share and unit sale agreement for a 19.9 per cent stake in Salesforce Tower in Sydney, Australia for S$175 million. The interest will be acquired at an agreed property price of around S$319.8 million, based on a Tuesday announcement. Salesforce Tower is expected to be yield-accretive, generating an initial passing yield of about 5.8 per cent. Units of OUE Reit closed flat at S$0.37 on Tuesday, before the news.