Diversified Banks

UOL Acquires UOB's Remaining Stake in Orchard Road Faber House for $68.5M

AirTrunk Seeks $2.3B Loan for Data Center Project

UOB Reports Q1 2026 Net Profit Decline

OCBC analyst maintains buy rating for UOB with target price

UOB released FY2026 Q1 earnings on May 7, 2026 (SGT), actual revenue SGD 3.219 B (forecast SGD 3.492 B), actual EPS SGD 0.8697 (forecast SGD 0.8461)

UOB Relocates to Singapore's Punggol Digital District to Establish Global Tech and Innovation Hub

United Overseas Bank plans to double wealth management revenue

UOB Reports Q1 2026 Financial Metrics

Asia-Pacific Firms Increase AI Investment to Boost Operational Efficiency

UOB Reports 5% Revenue Growth in Southeast Asia Retail Banking Business

UOB Sees Potential in High-Tech and Healthcare Overseas Expansion

NTU Launches UOB Innovation Centre to Support Startups

UOB Repurchased 37,000 Shares Through Market Buyback

UOB Publishes 2025 Sustainability Report

UOB Completes Integration of Citibank's Southeast Asian Consumer Banking Businesses

UOB Repurchased 38,000 Shares on Singapore Exchange

UOB Issued 5 Billion RMB Panda Bonds

UOB plans to issue 2026 RMB bonds

MoneyMax Successfully Issued $88.56 Million in Digital Securities Token Notes

UOB Repurchased 38,000 Shares Through SGX

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Abundance

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Asiatic

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Teho

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Singapore Land Group (SingLand) has increased its stake in Novena Square to 40% by acquiring United Overseas Bank's shares in two joint ventures for $299 million. Additionally, Novena Square Investments purchased a strata lot for $19.5 million. The transactions, completed on May 15, 2026, aim to enhance SingLand's recurring income from stabilized assets amid ongoing redevelopment efforts. The remaining strata lots in Novena Square are valued at $1.5 billion.

Singapore Business Review

Singapore Land

United Overseas Bank (UOB)

SingLand raises Novena Square stake with UOB share deal

Singapore's banks are shifting focus to wealth management due to weakening lending margins, with safe-haven inflows amid rising market uncertainty. Analysts warn the Straits Times Index (STI) could drop to 4,300 in a worst-case US-Iran conflict scenario, while maintaining a year-end target of 5,250 if tensions ease. Additionally, 46% of firms have not adapted jobs for AI, limiting technology investment gains. New US pharmaceutical tariffs may deter biomedical investments in Singapore, pushing firms to relocate production for tariff benefits.

OCBC Bank

STI ETF

FTSE Straits Times Index

Accenture

Monday Wrap: Bank wealth inflows, STI risks, and AI job gaps

UOL has agreed to purchase the remaining interest in the former Faber House from UOB for S$68.5 million. This acquisition will allow UOL to fully own the property, which is being redeveloped into a mixed-use commercial development featuring NoMad Hotel. UOL's shares closed at S$10.15, down 0.4%.

Businesstimes News

UOL to buy remaining interest in former Faber House from UOB for S$68.5 million

UOB Vietnam has been awarded the title of Best Bank for Foreign-Invested Enterprises at the Golden Dragon Awards 2026, marking its third consecutive year of recognition. The bank was also listed among the Top 10 Outstanding FDI Enterprises for 2025-2026. UOB Vietnam's commitment to the local economy and its expansion plans, including a new headquarters in Ho Chi Minh City, reflect its long-term strategy in Vietnam's growing market.

vnexpress

UOB Vietnam named Best Bank for Foreign-Invested Enterprises at Golden Dragon Awards 2026

Singapore stocks closed lower on May 15, with the Straits Times Index (STI) down 0.1% to 4,989.08. Singapore Airlines rose 2.4%, while Venture Corporation fell 3.1%. Local banks had mixed results, with DBS up 0.1% and UOB down 0.2%. Across the broader market, losers outnumbered gainers 431 to 224. Key regional indices also declined, with Hong Kong's Hang Seng down 1.6% and Japan's Nikkei 225 down 2%. Vincenzo Vedda from DWS warned that high oil prices could lead to tighter monetary policies.

- Singapore's stock market closed down on May 15, with the Straits Times Index (STI) falling by 0.1% to 4,989.08 points.  
- Singapore Airlines led the blue-chip index, rising 2.4%, while Venture Corporation suffered the biggest drop, declining 3.1%.  
- Overall, 224 stocks advanced and 431 declined, with a trading volume of 2.3 billion securities valued at 2.5 billion Singapore dollars.

Venture

Pro Ultrshrt Yen

BRC Asia

CSE Global

MarcoPolo Marine

Hang Seng Index

SIA Engineering

CSE Global R1

MarcoPolo MarW230127

Singapore stocks end lower on Friday; STI down 0.1%

Blackstone-owned AirTrunk is seeking a US$2.3 billion loan to finance its 200-megawatt data center project in Johor, Malaysia. The loan, arranged by lenders including DBS and UOB, is part of a trend in Southeast Asia driven by the AI boom, with Moody's predicting US$3 trillion in sector investments over five years. The loan features two one-year extension options and an interest margin of 225 basis points above the Secured Overnight Financing Rate for offshore financing. AirTrunk is also exploring asset-backed bonds for further expansion.

DBS Group

Blackstone

ING Groep

Moodys

DBS, UOB among lenders arranging US$2 billion AirTrunk’s loan for Malaysia growth

DBSDY

UOVEY

Singaporean banks are expanding in Vietnam to capitalize on the country's growing integration into Asian trade and rising corporate financing needs. DBS Vietnam's CEO noted Vietnam's evolution from a corridor market to a significant economy with a robust domestic corporate base. OCBC and UOB are focusing on supporting both foreign and local enterprises, with an emphasis on sustainable finance and digital banking opportunities. The shift in strategy reflects Vietnam's role in the 'China+N' strategy and its appeal for foreign direct investment in various sectors.

Vietnam News

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

Singaporean banks see more opportunities in Việt Nam

Singapore stocks rose on May 13, with the Straits Times Index (STI) up 1.2% to 5,003.96. Wilmar International led gains, increasing 3%, while Genting Singapore fell 10.1% after a 55% drop in Q1 net profit. Local banks DBS, OCBC, and UOB also saw gains. Overall, gainers outnumbered losers 369 to 264, with 2.4 billion securities traded. Regional indices showed mixed results, with Stephen Innes commenting on market tensions between Washington and Beijing.

Wilmar

Genting Sing

CSOP iEdge SREIT ETF S

3EDGE Dynamic Hard Assets ETF

3EDGE Dynamic US Equity ETF

Yanlord Land

Sumitomo Mitsui Trust Holdings, Inc.

Nomura Holdings, Inc.

Asset Management One Co., Ltd.

Kaspi.KZ JSC

Koss

Kosei Securities Co., Ltd.

FTSE ST All-Share Index - Real Estate REITs

HSBC MSCI Malaysia UCITS ETF

ISHRS MSCI Sg Capped

CSOP iEdge SREIT ETF US

Singapore stocks end higher despite Genting disappointment; STI up 1.2%

United Overseas Bank (SGX:U11) reported its Q1 2026 results, emphasizing a goal to double wealth income by 2030. The current share price is S$37.11, with a fair value estimate of S$37.28, suggesting it is undervalued. Despite a strong 5-year total shareholder return of 86.93%, concerns about asset quality and net interest margins persist. The P/E ratio of 13.5x is above the industry average, indicating mixed signals on valuation. Investors are encouraged to explore other opportunities while considering the risks involved.

Simplywall

United Overseas Bank Q1 Results And Wealth Push Prompt Fresh Look At Valuation

UOB(U11.SG)