Company Overview and News

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Millennials the most savings-savvy generation in Singapore, finds UOB study

2018-07-18 theedgemarkets
SINGAPORE (July 18): Singapore's millennials are outpacing their Generation X (Gen X) and baby boomer peers when it comes to growing their savings, according to United Overseas Bank’s (UOB) transaction patterns of its flagship UOB One Account holders.
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UOB expands its offering in Kuching with relocation of its branch

2018-07-18 theedgemarkets
KUALA LUMPUR (July 18): United Overseas Bank (Malaysia) Bhd (UOB Malaysia) has shifted its Main Bazaar branch in Kuching, Sarawak to iCom Square, offering its customers with a broader range of services including wealth advisory services and wealth management solutions.
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The State of the Nation: Expect volatile external trade ahead

2018-07-16 theedgemarkets
EXTERNAL trade data for May, which was released last week, was below market expectations. May export growth dwindled to 3.4% year on year from 14% in April. Imports, on the other hand, grew marginally by 0.1% y-o-y, also a fraction of the 9.2% reported in April.
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Edge higher; Philippines hits near 1-month high

2018-07-12 theedgemarkets
(July 12): Most Southeast Asian stock markets edged higher on Thursday, with the Philippines touching a near one-month high and Indonesia extending gains for a fourth session, as broader Asian peers recovered slightly from the previous session's steep losses.
UOVEF PBLOF MLYBY MLYNF AYAAY 1295 U11 GIGNY 1155 G13 UOVEY GIGNF ALI AYAAF

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Tariff fears threaten to wreck markets recovery: Investors react

2018-07-11 thestar.com.my
NEW YORK: Just when investors thought stock markets across the globe had brushed aside trade war concerns, the Trump administration introduced a list of $200 billion worth of Chinese goods set to face new tariffs, triggering a fresh wave of selling. S&P 500 Index futures dropped as much as 1.1 percent. An MSCI measure of emerging-market stocks fell for the first day in four, while the Chinese yuan resumed declines and the Korean won followed suit.
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In 1MDB corruption case, stakes are high for financial institutions

2018-07-09 theedgemarkets
SINGAPORE (July 9): When Singapore was unceremoniously kicked out of Malaysia in 1965, the tiny island nation was forced to find a way to survive and thrive. Former prime minister Lee Kuan Yew took inspiration from another small nation: the landlocked Switzerland, which has a population of about eight million today. The country is famous for its chocolates, luxury watches, skiing and, of course, banking industry.
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Can Singapore banks weather the storm as surprise property cooling measures strike?

2018-07-06 theedgemarkets
SINGAPORE (July 6): DBS Group Research is downgrading its recommendations for both Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) — and slashing their target prices by up to 20%.
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Singapore announces surprise property curbs to cool market

2018-07-06 malaymail
SINGAPORE, July 6 — Singapore’s renewed clampdown on speculative property demand sent real estate stocks reeling today, as analysts predicted the end of a nascent home price rebound and the deflation of a buoyant market for collective sales.
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Singapore's Decisive Property Crackdown Set to Damp `Euphoria'

2018-07-06 theedgemarkets
(July 6): Singapore’s surprise crackdown to drive out speculative investments from the property market will probably hit collective sales that had become popular with developers of late, sending stocks reeling.
UOVEF 5UX DBSDY U14 5H0 UOLGY CDEVY U11 O39 WTHEF D05 C09 DBSDF UOLGF UOVEY CDEVF KPPLF

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Singapore’s decisive property crackdown set to damp ‘euphoria’

2018-07-06 thestar.com.my
SINGAPORE: Singapore’s surprise crackdown to drive out speculative investments from the property market will probably hit collective sales that had become popular with developers of late, sending stocks reeling. The tightened rules, rolled out a day after the central bank noted “euphoria” in the property market, sharply increase buyers’ stamp duties for entities such as developers. Singapore’s benchmark Straits Times Index dropped as much as 2.
UOVEF 5UX DBSDY U14 5H0 UOLGY CDEVY U11 O39 WTHEF D05 C09 DBSDF UOLGF UOVEY CDEVF KPPLF

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Singapore’s decisive property crackdown set to damp 'euphoria’

2018-07-06 malaymail
SINGAPORE, July 6 — Singapore’s surprise crackdown to drive out speculative investments from the property market will probably hit collective sales that had become popular with developers of late, sending stocks reeling.
UOVEF 5UX DBSDY U14 5H0 UOLGY CDEVY U11 O39 WTHEF D05 C09 DBSDF UOLGF UOVEY CDEVF KPPLF

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Singapore Developer Stocks Fall After Surprise Property Curbs

2018-07-06 theedgemarkets
(July 6): Singapore property and bank stocks led declines on the benchmark stock index Friday after the government unexpectedly tightened property curbs to cool a market the central bank described as euphoric. City Developments Ltd. and UOL Group Ltd. fell more than 14 percent each.
UOVEF 5UX DBSDY U14 5H0 UOLGY CDEVY U11 O39 WTHEF D05 C09 DBSDF UOLGF UOVEY CDEVF KPPLF

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SE Asia stocks most lower on trade woes, Philippines falls over 2pc

2018-06-22 malaymail
NEW YORK, June 22 — Most South East Asian shares traded on a weak note on Friday as investors assess the likely fallout of a global trade spat on corporate earnings, with the Philippines continuing its dismal run with an over 2 per cent fall in early trade.
UOVEF 5347 SMIVY SVTMF 6888 TNABY UOVEY SM AXXTF TNABF U11

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Most Asean markets lower on trade woes, Philippines falls over 2%

2018-06-22 thestar.com.my
SINGAPORE: Most South East Asian shares traded on a weak note on Friday as investors assess the likely fallout of a global trade spat on corporate earnings, with the Philippines continuing its dismal run with an over 2 percent fall in early trade. German automotive maker Daimler late on Wednesday cut its 2018 profit forecast, as import tariffs on cars exported from the United States to China would hurt sales of its Mercedes-Benz cars, sparking fears of a wave of earnings downgrades in the auto industry.
UOVEF 5347 SMIVY SVTMF 6888 TNABY UOVEY SM AXXTF TNABF U11

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Singapore pledges to cut cash, cheques on path to digital economy

2018-06-21 malaymail
SINGAPORE, June 21 — Singapore is accelerating the shift toward digital payments by pledging to eliminate cheque usage by 2025 and slash cash withdrawals from automated telling machines.
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CUSIP: V96194127