Aug 1: DBS, Parkway Life

Singapore shares closed lower on Wednesday as traders awaited the conclusion of the US Federal Reserve's policy meeting. The ST fell 23.52 points, or 0.72%, to 3,221.93, erasing gains made over the previous two trading sessions. Here are some stocks to watch this Thursday morning:

Singapore's DBS Group Holdings, Southeast Asia's biggest lender, posted a 10 per cent rise in quarterly profit, boosted by strong growth in loans and higher fees, beating expectations. The result came a day after DBS abandoned its bid to take a controlling stake in PT Bank Danamon Indonesia Tbk as Indonesia's central bank had only allowed DBS to buy no more than 40 per cent, limiting the benefits of the deal. DBS earned a net profit of $887 million in the three months ended June, compared with $810 million a year earlier. Its profit was above the $862 million average forecast of six analysts polled by Reuters.

Parkway Life Real Estate Investment Trust (PLife Reit) reported its distributable income per unit (DPU) for the second quarter ended June 30, 2013 grew 6.1% from a year ago to 2.63 cents. DPU for the first six months of 2013 grew 4.5 per cent from 5.04 cents a year ago to 5.27 cents.