United Overseas Bank Jumps 2.67%; UOB Buys Back, Cancels Shares Worth Over SG$10 Million

MT Newswires05-09

United Overseas Bank (SGX:U11) repurchased 300,000 shares in the open market on Thursday for SG$10.3 million, according to a same-day filing with the Singapore Exchange.

The Singapore-based lender canceled 199,000 shares while holding 101,000 shares as treasury stock.

The bank has been authorized to buy back about 83.5 million shares under its latest mandate. To date, it has bought back 600,000 shares.

UOB jumps 2.67% at 10:39 am, May 13th.

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Comments

AcidIce
05-13
AcidIce
These kinds of buy back schemes are like SCAMS! It's NOT very over sold or anything, but it's more of a planned event buy. Would you go buy an item if it's NOT on discount? And or VERY cheap to be even cheaper to buy in? DBS is no different.

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To date, it has bought back 600,000 shares.</p><p> <a href=\"https://laohu8.com/S/U11.SI\">UOB</a> jumps 2.67% at 10:39 am, May 13th.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/807838055ceea03d111a68e346080281\" tg-width=\"895\" tg-height=\"642\"></p><p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0516422366.SGD","symbol_name":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2534122709","we_media_id":"1060499803","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534122709","pubTimestamp":1746777888,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"MT Newswires","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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To date, it has bought back 600,000 shares. UOB jumps 2.67% at 10:39 am, May 13th.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":true,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"buyback,movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[{"id":434610257314048,"gmtCreate":1747106214261,"gmtModify":1747106218627,"author":{"id":"3569382039983887","authorId":"3569382039983887","name":"AcidIce","avatar":"https://static.tigerbbs.com/25a5edd325094826cf6e8822874786ab","vip":1,"crmLevel":12,"crmLevelSwitch":1,"authorIdStr":"3569382039983887","idStr":"3569382039983887"},"htmlText":"These kinds of buy back schemes are like SCAMS! It's NOT very over sold or anything, but it's more of a planned event buy. Would you go buy an item if it's NOT on discount? And or VERY cheap to be even cheaper to buy in? DBS is no different.","listText":"These kinds of buy back schemes are like SCAMS! It's NOT very over sold or anything, but it's more of a planned event buy. Would you go buy an item if it's NOT on discount? And or VERY cheap to be even cheaper to buy in? DBS is no different.","text":"These kinds of buy back schemes are like SCAMS! It's NOT very over sold or anything, but it's more of a planned event buy. Would you go buy an item if it's NOT on discount? And or VERY cheap to be even cheaper to buy in? DBS is no different.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/434610257314048","repostId":2534122709,"repostType":2,"repost":{"id":"2534122709","kind":"news","weMediaInfo":{"introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"media_name":"MT Newswires","id":"1060499803","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"pubTimestamp":1746777888,"share":"https://ttm.financial/m/news/2534122709?lang=en_US&edition=fundamental","pubTime":"2025-05-09 16:04","market":"sg","language":"en","title":"United Overseas Bank Jumps 2.67%; UOB Buys Back, Cancels Shares Worth Over SG$10 Million","url":"https://stock-news.laohu8.com/highlight/detail?id=2534122709","media":"MT Newswires","summary":"United Overseas Bank (SGX:U11) repurchased 300,000 shares in the open market on Thursday for SG$10.3","content":"<p>United Overseas Bank (SGX:U11) repurchased 300,000 shares in the open market on Thursday for SG$10.3 million, according to a same-day filing with the Singapore Exchange.</p><p>The Singapore-based lender canceled 199,000 shares while holding 101,000 shares as treasury stock.</p><p>The bank has been authorized to buy back about 83.5 million shares under its latest mandate. To date, it has bought back 600,000 shares.</p><p> <a href=\"https://laohu8.com/S/U11.SI\">UOB</a> jumps 2.67% at 10:39 am, May 13th.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/807838055ceea03d111a68e346080281\" tg-width=\"895\" tg-height=\"642\"></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>United Overseas Bank Jumps 2.67%; UOB Buys Back, Cancels Shares Worth Over SG$10 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUnited Overseas Bank Jumps 2.67%; UOB Buys Back, Cancels Shares Worth Over SG$10 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1060499803\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires </p>\n<p class=\"h-time\">2025-05-09 16:04</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>United Overseas Bank (SGX:U11) repurchased 300,000 shares in the open market on Thursday for SG$10.3 million, according to a same-day filing with the Singapore Exchange.</p><p>The Singapore-based lender canceled 199,000 shares while holding 101,000 shares as treasury stock.</p><p>The bank has been authorized to buy back about 83.5 million shares under its latest mandate. To date, it has bought back 600,000 shares.</p><p> <a href=\"https://laohu8.com/S/U11.SI\">UOB</a> jumps 2.67% at 10:39 am, May 13th.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/807838055ceea03d111a68e346080281\" tg-width=\"895\" tg-height=\"642\"></p><p></p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","SG9999005177.SGD":"Legg Mason Martin Currie - Southeast Asia Trust A Acc SGD","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","SG9999016042.SGD":"Schroder Singapore Trust A Acc SGD","SG9999001135.SGD":"United ASEAN Fund SGD","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS EQUITIES \"I\" (SGD) ACC","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","LU1105468828.SGD":"Allianz Total Return Asian Equity AM DIS H2-SGD","BK6516":"银行与投资服务概念","LU0737861269.HKD":"FIDELITY ASEAN \"A \" (HKD) ACC","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0251143029.SGD":"Fidelity ASEAN A-SGD","SG9999014484.SGD":"Nikko AM ASEAN Equity Fund A SGD","SG9999001127.SGD":"United Singapore Growth Fund SGD","LU0348814723.USD":"ALLIANZ TOTAL RETURN ASIAN EQUITY \"A\" (USD) INC  NC","SG9999002620.SGD":"LionGlobal South East Asia SGD","SG9999002414.USD":"LIONGLOBAL SINGAPORE TRUST (USD) ACC","LU2152927971.USD":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","LU1242518857.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"I\" (USD) ACC","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","SG9999002679.SGD":"LionGlobal Singapore Balanced SGD","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","LU0831103253.SGD":"JPMorgan Funds - Asia Pacific Income A (mth) SGD","LU0577902298.EUR":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","LU0979878070.USD":"FULLERTON LUX FUNDS - ASIA ABSOLUTE ALPHA \"A\" (USD) ACC","SG9999000475.SGD":"Aberdeen Standard Singapore Equity SGD","LU0251144936.SGD":"Fidelity Sustainable Asia Equity A-SGD","SG9999013486.USD":"LIONGLOBAL SINGAPORE DIVIDEND EQUITY (USD) INC A","SG9999014302.SGD":"RHB Singapore Income Fund SGD","SG9999013460.SGD":"LionGlobal Singapore Dividend Equity Fund SGD","LU2449936058.SGD":"SUSTAINABLE ASIA EQUITY \"AA\" (SGD) ACC","LU2238330802.EUR":"AZ EQUITY - ASEAN COUNTRIES \"AAZ\" (EUR) ACC","LU0414403682.SGD":"Blackrock Asia Pacific Equity Income A5 SGD-H","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","LU0873338254.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) INC","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","SG9999013478.USD":"利安新加坡股息基金","SG9999008742.SGD":"Eastspring Investments Unit Trusts - Singapore ASEAN Equity SGD","LU0210637038.USD":"HSBC GIF THAI EQUITY \"AD\" INC","LU0577902611.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"A\" (USD) ACC","SG9999002406.SGD":"利安新加坡信托基金","SG9999004220.SGD":"Nikko AM Shenton Asia Dividend Equity Fund  SGD","LU0588545904.SGD":"Eastspring Investments - Asian Equity Income ASDM SGD","LU0577902454.USD":"FULLERTON LUX FUNDS - ASIA GROWTH & INCOME EQUITIE \"I\" (USD) ACC","LU0738912210.USD":"Blackrock Asia Pacific Equity Income A6 USD","LU0588545730.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"ADM\" (USD) INC"},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2534122709","content_text":"United Overseas Bank (SGX:U11) repurchased 300,000 shares in the open market on Thursday for SG$10.3 million, according to a same-day filing with the Singapore Exchange.The Singapore-based lender canceled 199,000 shares while holding 101,000 shares as treasury stock.The bank has been authorized to buy back about 83.5 million shares under its latest mandate. To date, it has bought back 600,000 shares. UOB jumps 2.67% at 10:39 am, May 13th.","news_type":1,"symbols_score_info":{}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":4,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2534122709","isCrawlerRequest":true}