Stocks to watch: DBS, CLI, SingPost, NetLink, The Hour Glass, Nanofilm Tech, SMG

THE following companies saw new developments that may affect trading of their securities on Thursday (Nov 3):

DBS : The bank reported on Thursday a 32 per cent year-on-year rise in net profit for the third quarter, buoyed by higher net interest margins, healthy loan momentum and a stable fee income. It declared a dividend of S$0.36 per share for the period, bringing the dividend for the nine months ended Sep 30 to S$1.08 a share. The counter closed 0.5 per cent or S$0.16 higher at S$34.74 on Wednesday.

CapitaLand Investment (CLI): The property player announced on Thursday that it has established two onshore renminbi funds totalling around 4 billion yuan (S$796 million) to invest in business park opportunities in China. The funds will add over 8.2 billion yuan (S$1.6 billion) to CLI’s funds under management when fully deployed. Shares of CLI closed 0.7 per cent or S$0.02 down at S$3.08 on Wednesday.