Stocks to watch: Prudential, OCBC, Keppel, Seatrium, SingPost, Wing Tai

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Aug 27):

Prudential : Its new business profit rose to US$1.26 billion for its first half ended Jun 30, from US$1.12 billion in the year-ago period. This marked a 12 per cent increase on a constant exchange rate basis and an actual exchange rate basis. The insurer on Wednesday said the growth came amid a 5 per cent increase in annual premium equivalent sales and margin expansion. The counter ended Tuesday flat at US$9.91.

OCBC : The bank has priced US$1 billion worth of fixed rate subordinated notes under its US$30 billion global medium term note programme. Net proceeds from the issuance will be used for general corporate purposes of OCBC, it said on Wednesday. The lender’s shares closed Tuesday 0.8 per cent or S$0.14 lower at S$16.70.