Stocks to watch: UOB, Singtel, Hongkong Land, Suntec Reit, Rex International

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Friday (Mar 20):

UOB : The bank on Thursday said it grew its sustainable financing portfolio to S$70.1 billion in 2025, up 21 per cent from S$58 billion recorded at the end of 2024. A key driver of this lending was the small- and medium-sized enterprise segment, with S$7.8 billion extended in loans there. The bank also shared that its chief executive Wee Ee Cheong received S$12 million in total compensation in 2025, down 20 per cent from S$15 million the year before. Shares of UOB fell 0.1 per cent to close S$0.05 lower at S$37.16, before the news.

Hongkong Land , Suntec Real Estate Investment Trust : The property developer acquired a 10.8 per cent stake in the trust, for S$541 million in a bid to grow its presence in Singapore’s prime commercial sector, said a Thursday bourse filing. The agreement was finalised for Hongkong Land to buy just under 318 million units of Suntec Reit. ESR Real Estate Investors has been nominated to hold the units once the deal is completed. Shares of Hongkong Land closed 4.2 per cent or US$0.36 lower at US$8.28 on Thursday; while units of Suntec Reit closed at S$1.46, up 4.3 per cent or S$0.06.