UOB

Stocks to watch: UOB, StarHub, Sats, AA Reit, Coliwoo, Avi-Tech Holdings

[SINGAPORE] The following companies saw new developments that may affect trading of their securities on Thursday (May 7):

Wee Ee Cheong, deputy chairman and CEO of UOB, sees "significant opportunities" in wealth management.

UOB aims to double wealth income to at least S$2.5 billion by 2030; Q1 profit slips 4%

CEO Wee Ee Cheong says the completion of its Citi integration gives the bank a ‘long runway’ for organic wealth growth across Asean

Business succession does not always continue beyond the second generation. Some empires are soon handed over to non-relations, as younger heirs prefer careers of their own.
BRUNCH

Succession in Singapore: Is the era of family empires coming to an end?

More dynasty businesses may have to hand over the reins to outsiders – but that does not have to be cause for concern

In 2025, Vietnam’s economy grew 8%, its second-fastest pace in 15 years. It is targeting economic growth of 10% this year.
INSIDE ASEAN

No longer just an outpost: Vietnam’s rise opens new front for DBS, OCBC, UOB

The financing needs of businesses there have grown as they integrate into Asian trade and capital flows

DBS is expected to kick off the earnings season on Apr 30, with UOB due to report on May 7 and OCBC on May 8.

Safe-haven flows, no Q1 Fed cut support positive earnings outlook for DBS, OCBC, UOB: analysts

All 3 lenders have little to no exposure to private credit risks, management teams say

The three banks have not said whether temporary or permanent staff were more affected by the headcount reductions.

DBS, OCBC, UOB shed nearly 3,000 jobs in 2025 amid restructuring, productivity push

Combined, the three lenders employed 104,266 people at end-2025, down 2.6% from the year before

DBS ranks second globally for 10-year TSR among the world’s top 100 listed banks by assets from end-2015 to end-2025, trailing only Morgan Stanley.

Singapore banks rival JPMorgan, Goldman Sachs in long-term shareholder returns

DBS, OCBC and UOB have beaten global benchmarks and some of the biggest US lenders over the past 20 years

Johor Chief Minister Onn Hafiz Ghazi (left) and UOB Malaysia CEO Ng Wei Wei at a fireside chat during the JS-SEZ Strategic Forum 2026.

Johor delays JS-SEZ blueprint roll-out for further refinements, targets launch in H1

The state seeks alignment among agencies as cross-border investment gains pace

The acquisition of Citigroup's retail banking businesses in Indonesia, Malaysia, Thailand and Vietnam has helped double UOB’s customer base across the four markets.

UOB’s Wee Ee Cheong says S$4.9 billion Citi deal ‘paying off’ as Asean push accelerates

The lender also flags minimal private credit exposure, and says its balance sheet can absorb Middle East shocks

Shops in Little India are offering to buy back gold amid the global boom in prices.
HOCK LOCK SIEW

The real shine behind Singapore’s golden ambitions is not in gold’s meteoric price increase

Investors are faring well with listed gold counters hitting fresh highs, but the Republic is also aiming to benefit with the region’s ultimate vault