Share buybacks often signal confidence from management that their company’s shares are undervalued. In the first half of 2025, major Singapore firms have stepped up on repurchases as a way of returning capital to shareholders. Here are three companies that have made this move.

United Overseas Bank (SGX: U11)

United Overseas Bank or UOB is one of the largest local banks in SIngapore with a full suite of banking services, mainly operating in Asia. In May 2025, UOB had a buyback of over four million shares amounting to over S$144 million. This aggressive repurchase is the largest among the other SGX-listed stocks. At a S$58.4 billion market capitalisation, the shares that UOB bought back amounts to about 0.25% of the total market capitalisation value. The average price paid per share of S$35.329 is also a 1.8% premium of UOB’s current share price at S$34.71. The amount spent suggests that management sees the current market pricing as attractive and the stock is undervalued....