Stocks to watch: UOB, FLCT, Aims Apac Reit, Acrophyte Hospitality Trust, Sats

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (May 7).

UOB : The bank’s net profit for its first quarter was flat amid broad-based growth, it said on Wednesday. Net profit for the three months ended Mar 31, 2025, stood at S$1.49 billion, almost unchanged from S$1.487 billion a year ago. The earnings missed the S$1.54 billion consensus forecast in a Bloomberg survey of five analysts. Wee Ee Cheong, chief executive and deputy chairman of UOB, noted that macroeconomic uncertainties from the US tariffs have triggered significant market volatility and disruptions in global trade. Shares of UOB closed flat at S$34.98 on Tuesday.

Frasers Logistics & Commercial Trust (FLCT) : The manager of the Reit on Wednesday posted a 13.8 per cent fall in distribution per unit (DPU) to S$0.03 for its first half ended Mar 31, from S$0.0348 in the corresponding year-ago period. This decline reflected the transitional challenges in the commercial portfolio and foreign exchange volatility in a higher interest rate environment. It will be paid out on Jun 18, and represented an annualised distribution yield of 6.5 per cent, based on the annualised DPU and market closing price of S$0.92 per unit as at Mar 28 (the last trading day of that month). Units of FLCT ended on Tuesday at 0.6 per cent or S$0.005 higher at S$0.905.