To The Moon

UOL's hospitality subsidiary, UOL Hotel Investments , signed a deal to buy out United Overseas Bank's remaining interest in a property located in Singapore for SG$568.5 million.The acquisition comprises UOB's legal title to the land lots and a banking hall, along with its 1/12 share in a 30-year lease, according to a Friday filing with the Singapore Exchange.Following the completion of the acquisition, UOL will have full ownership of the property, which is currently being redeveloped into a new mixed-use commercial development, which will comprise a hotel and a banking hall.

Singapore shares closed marginally in positive territory Tuesday, proving resilient even as regional markets retreated on news that the U.S.-Iran ceasefire is nearing collapse.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 4,915.15 and 4,953.04 throughout the day. It ended the session at 4,946.00, up 3.23 points or nearly 0.1% compared to Monday's close.On the corporate front, OxPay Financial surged nearly 13% at the close as it increased investment in its subsidiary, Oxygen7, through the subscription of 349,000 shares at $1 per share.Medi Lifestyle plunged nearly 8% at the close as it narrowed its attributable loss to owners by 21% in the first quarter of the year to 699,000 ringgit from 881,000 ringgit a year earlier.Meanwhile, shares of SIA Engineering were up over 3% at the close as the company's profit attributable to owners rose to SG$85.6 million in the fiscal second half ended March 31 from SG$70.8 million a year earlier.

DBS Group (SGX:D05) has an average rating of overweight and mean price target of SG$60.12, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic research from maj

Singapore shares recorded gains on Friday to end the week in green, as the Asian market reacted positively to a tentative geopolitical de-escalation in the Middle East ahead of the highly anticipated talks between the US and Iran in Islamabad.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 4,973.10 and 4,999.30 throughout the day. It ended the session at 4,989.41, up 12.33 points or nearly 0.3% compared to Thursday's close.On the corporate front, shares of BH Global were down nearly 7% at the close as it proposed to renew its share buyback mandate.Metis Energy closed over 2% higher as it reported three consecutive years of pre-tax losses for its three most recent financial years.Meanwhile, shares of City Developments were nearly flat as it established a SG$2 billion multicurrency perpetual bonds issuance program.

United Overseas Bank bought back and canceled 37,000 shares worth nearly SG$1.4 million in the open market on Tuesday, according to a same-day filing with the Singapore Exchange.The bank has been authorized to buy back around 83.5 million shares. To date, it has bought back nearly 20.5 million shares.

UOL's hospitality subsidiary, UOL Hotel Investments , signed a deal to buy out United Overseas Bank's remaining interest in a property located in Singapore for SG$568.5 million.The acquisition comprises UOB's legal title to the land lots and a banking hall, along with its 1/12 share in a 30-year lease, according to a Friday filing with the Singapore Exchange.Following the completion of the acquisition, UOL will have full ownership of the property, which is currently being redeveloped into a new mixed-use commercial development, which will comprise a hotel and a banking hall.

Singapore shares closed marginally in positive territory Tuesday, proving resilient even as regional markets retreated on news that the U.S.-Iran ceasefire is nearing collapse.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 4,915.15 and 4,953.04 throughout the day. It ended the session at 4,946.00, up 3.23 points or nearly 0.1% compared to Monday's close.On the corporate front, OxPay Financial surged nearly 13% at the close as it increased investment in its subsidiary, Oxygen7, through the subscription of 349,000 shares at $1 per share.Medi Lifestyle plunged nearly 8% at the close as it narrowed its attributable loss to owners by 21% in the first quarter of the year to 699,000 ringgit from 881,000 ringgit a year earlier.Meanwhile, shares of SIA Engineering were up over 3% at the close as the company's profit attributable to owners rose to SG$85.6 million in the fiscal second half ended March 31 from SG$70.8 million a year earlier.

DBS Group (SGX:D05) has an average rating of overweight and mean price target of SG$60.12, according to analysts polled by FactSet.(MT Newswires covers equity, commodity and economic research from maj

Singapore shares recorded gains on Friday to end the week in green, as the Asian market reacted positively to a tentative geopolitical de-escalation in the Middle East ahead of the highly anticipated talks between the US and Iran in Islamabad.The Straits Times Index , a key benchmark for the Singapore Exchange, ranged between 4,973.10 and 4,999.30 throughout the day. It ended the session at 4,989.41, up 12.33 points or nearly 0.3% compared to Thursday's close.On the corporate front, shares of BH Global were down nearly 7% at the close as it proposed to renew its share buyback mandate.Metis Energy closed over 2% higher as it reported three consecutive years of pre-tax losses for its three most recent financial years.Meanwhile, shares of City Developments were nearly flat as it established a SG$2 billion multicurrency perpetual bonds issuance program.

United Overseas Bank bought back and canceled 37,000 shares worth nearly SG$1.4 million in the open market on Tuesday, according to a same-day filing with the Singapore Exchange.The bank has been authorized to buy back around 83.5 million shares. To date, it has bought back nearly 20.5 million shares.