Stocks to watch: OCBC, Yangzijiang Shipbuilding, City Developments, First Reit, Cordlife

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Wednesday (Apr 1):

OCBC : From May 1, the bank will lower the interest rate for its 360 Account to 4.45 per cent per annum on the first S$100,000, from the current rate of 5.45 per cent. The move, which marks the first time in 2026 that the lender has revised interest rates for its flagship savings, is “in line with broader market conditions”, an OCBC spokesperson said on Tuesday. OCBC shares closed 1.6 per cent or S$0.34 higher at S$21.97 on Tuesday, before the news.

Yangzijiang Shipbuilding : The vessel maker clinched shipbuilding contracts for 22 vessels in Q1 of 2026, worth around US$980 million in total. The contracts are not expected to have material impact on the group’s net tangible assets per share or earnings per share for the financial year ending Dec 31, 2026, said the mainboard-listed group on Tuesday. The counter closed Tuesday at S$3.78, down 0.8 per cent or S$0.03, before the announcement.