Stocks to watch: OCBC, IHH Healthcare, FLCT, SingPost, Koh Brothers Eco Engineering - The Business Times
OCBC : The lender reported on Friday a 3 per cent rise in net profit for its third quarter amid strong performance across its wealth management and wholesale banking businesses. This was despite lower profit contributions from its insurance arm Great Eastern. Net profit for the three months ended Sep 30 stood at S$2.04 billion, compared with S$1.98 billion in the year-ago period. Shares of OCBC ended 0.3 per cent or S$0.08 higher at S$27.93 on Thursday.
IHH Healthcare : The healthcare group, which has a secondary listing on the Singapore Exchange, announced on Thursday that close to 400 employees will be leaving the organisation as part of efforts to consolidate its business support services. The affected employees are based in Singapore, Hong Kong and Malaysia. Some employees will be moved into redesigned roles, while around 0.5 per cent of IHHβs total workforce of 76,000 will transition out of the organisation across the three markets. IHH shares ended flat at S$2.45 on Thursday, ahead of the announcement.
OCBC Q3 profit rises 3% to S$2.04 billion, slightly above expectations
SingPost H1 profit up 183.7% at S$55.9 million on sale and leaseback of HDB shophouses
