Stocks to watch: OCBC, ST Engineering, Frasers Property, F&N, Far East Orchard, DHLT, Marco Polo Marine

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (May 9).

OCBC : The bank’s net profit for the first quarter fell on lower net interest income and higher operating expenses. Net profit for the three months ended Mar 31, 2025, stood at S$1.88 billion, compared with S$1.98 billion from the year-ago period, it said on Friday. The earnings beat the S$1.86 billion consensus forecast in a Bloomberg survey of five analysts. Net interest income for the quarter fell 4 per cent to S$2.35 billion, due to a falling interest rate environment. Net interest margin was down 23 basis points to 2.04 per cent for the quarter, from 2.27 per cent in the previous corresponding period. Shares of OCBC closed 0.7 per cent or S$0.11 lower at S$16.16 on Thursday, before the announcement.

ST Engineering : The group’s revenue rose 8 per cent to S$2.9 billion for the first quarter ended March, from S$2.7 billion in the corresponding year-ago period, on the back of broad-based growth across all segments. In a business update on Friday, the group said this was led by “very strong growth” in its defence and public security segment, of which revenue jumped 18 per cent year on year to S$1.3 billion, from S$1.1 billion. Revenue from its commercial aerospace division edged up 0.1 per cent to S$1.153 billion from S$1.152 billion, while revenue from its urban solutions and satellite communications business rose 4 per cent to S$446 million from S$429 million. The group also reported contract wins amounting to S$4.4 billion for Q1, bringing its order book to S$29.8 billion as at Mar 31. Some S$7.3 billion of these contracts are expected to be delivered this year. Shares of ST Engineering closed 1.1 per cent or S$0.08 lower at S$7.51 on Thursday.