SINGAPORE (Dec 3): Local banks Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) have been steadily buying back their own shares this past week, as valuations for both remain at below historical levels.

On Nov 27, UOB bought 7 0,059 shares for nearly $1.74 million, at prices ranging from $24.50 to $24.89 each. Under a shareholders’ mandate that took effect in April, the bank can buy up to just over 83 million shares.

Have a premium account? Sign in to continue reading.

Unlimited access to all stories from $99.9/year*

The latest reporting and analysis from business and investments to news and views on social issues.


  • Simultaneous logins across all devices
  • Instant access to past digital issues
  • Unlimited access to The Edge Malaysia
  • *For annual subscription plan only. T&Cs apply


Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook