Market Review and Trends
The Weekly Round-Up: Keppel Corporation, UOB, Prime US REIT and Cromwell European REIT
By The Smart Investor  •  June 27, 2021
The weekly round-up is a new column that looks at and summarises interesting Singapore corporate developments and business news over the past week. Keppel Corporation Limited (SGX: BN4) Probably the biggest piece of news this week was when Keppel Corporation announced that it was exploring a potential combination with rig-player Sembcorp Marine Ltd (SGX: S51). You can read more about the details HERE. United Overseas Bank Ltd (SGX: U11) One of Singapore’s largest lenders has set its sights high for the coming years. United Overseas Bank, or UOB, intends to double its wealth management income and increase its assets under management (AUM) by a double-digit compound annual growth rate in five years. Such a move is in line with increased digital adoption caused by the pandemic. Jacquelyn Tan, head of Group Personal Financial Services at UOB, announced that the bank will commit more than S$200 million in digital innovation over the next three years....
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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