Stocks to watch: DBS, Wilmar, Sheng Siong, Starhill Global Reit, CDL Hospitality Trust, City Developments Limited
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On April 30, DBS reported a net profit of S$2.93 billion for Q1, a 1% increase from the previous year, surpassing the S$2.88 billion forecast, and declared a dividend of S$0.81 per share. However, its shares fell 0.3% to S$56.56. Wilmar's Q1 net profit dropped 22.8% to US$265.6 million despite a 21.9% revenue increase to US$19.8 billion, with shares rising 1.3% to S$3.83.
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