To The Moon

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.

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.