Stocks to watch: OCBC, Sri Trang Gloves, Wilmar, Great Eastern, F&N, SingPost
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THE following companies saw new developments that may affect trading of their securities on Friday (May 10):
OCBC : The lender reported on Friday that its net profit for the first quarter ended Mar 31, 2024, rose 5 per cent on the year to S$1.98 billion. This beat the S$1.85 billion consensus forecast in a Bloomberg survey of three analysts. Total income for the quarter rose 8 per cent to S$3.63 billion, with growth in both net interest income and non-interest income. The counter ended 1.2 per cent or S$0.16 higher at S$13.91 on Thursday.
Sri Trang Gloves : The glove manufacturer on Thursday posted a 10.9 per cent increase in net profit to 146.8 million baht (S$5.4 million) for its first quarter ended Mar 31, from 132.3 million baht a year earlier. Revenue increased 32.1 per cent to 6.1 billion baht from 4.6 billion baht, on the back of a 38.5 per cent year on year increase in sales volume across all products. Its counter closed flat at S$0.34 before the financial results.
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