Stocks to watch: UOB, OCBC, Sats, Sasseur Reit, Far East Orchard, Daiwa House Logistics Trust

THE following companies saw new developments that may affect trading of their securities on Friday (Nov 8):

UOB : Its net profit for the third quarter ended September rose 16 per cent year on year to S$1.61 billion, beating consensus estimates with new record highs in net fee income, as well as trading and investment income. Earnings per share stood at S$3.79, from S$3.23 in the year before, said the bank upon the release of its results on Friday. Shares of UOB closed S$0.61 or 1.9 per cent higher at S$33.30 on Thursday.

OCBC : The lender’s third-quarter net profit rose 9 per cent year on year to S$1.97 billion on higher non-interest income and lower allowances. The earnings beat the S$1.9 billion consensus forecast in a Bloomberg survey of four analysts. Based on the results released on Friday, net interest income was down slightly at S$2.43 billion, though non-net interest income grew 41 per cent on the year to S$1.37 billion. Shares of OCBC closed 3.8 per cent or S$0.58 higher at S$15.88 on Thursday.