You are here
Stocks to watch: UOB, CDL Hospitality Trusts, IndoAgri
United Overseas Bank (UOB) is expected to be in focus on Friday, after Singapore's smallest bank of the trio posted a 7.8 per cent fall in net profit for the third quarter, hit by higher provisions for the besieged oil and gas industry.
UOB's net profit for the three months ended Sept 30, 2016 stood at S$791 million, compared with S$858 million for the same period a year ago. Total allowances stood at S$185 million in the third quarter, 15.7 per cent higher than S$160 million a year ago.
CDL Hospitality Trusts on Friday posted a 3.4 per cent increase in distribution per stapled security (DPS) for the third quarter, on stronger income. DPS for the three months ended Sept 31, 2016, stood at 2.44 Singapore cents, compared to 2.36 Singapore cents a year ago.
Commodities player IndoAgri on Friday reversed into the black for the third quarter, thanks to stronger revenue and forex translation gains. Net profit for the three months ended Sept 30, 2016 stood at 159 billion rupiah (S$16 million), compared to a net loss of 213 billion rupiah from a year ago.