Stocks to watch: ThaiBev, OCBC, Bumitama Agri, Sasseur Reit, SBS Transit, LHN

THE following companies saw new developments that may affect trading of their securities on Tuesday (May 14):

Thai Beverage (ThaiBev): The beverage manufacturer on Monday reported a 4.9 per cent drop in net profit to seven billion baht (S$257 million) for its second quarter ended Mar 31, 2024. The decline was mainly due to a lower share of profits from investment on its associated companies and joint ventures. Shares of Thai Beverage closed flat at S$0.49, before the release of the results.

OCBC : It has priced US$500 million of fixed-rate subordinated notes under its US$30 billion global medium-term note programme. On Tuesday, the bank said net proceeds will be used for general corporate purposes. Shares of OCBC ended S$0.16 or 1.1 per cent higher on Monday at S$14.28.