Stocks to watch: OCBC, Yangzijiang Shipbuilding, City Developments, First Reit, Cordlife
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On April 1, OCBC announced a reduction in the interest rate for its 360 Account to 4.45% from 5.45%, effective May 1, 2026, citing market conditions. OCBC shares rose 1.6% to S$21.97 prior to the announcement. Yangzijiang Shipbuilding secured contracts for 22 vessels worth US$980 million in Q1 2026, but these are not expected to significantly impact its financials. The stock closed at S$3.78, down 0.8% before the news.
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