UOB share price hits record high after Macquarie upgrade, buyback filing
United Overseas Bank shares surged 4.3% to a record S$39.41 in Singapore trading Friday after broker upgrades. OCBC also hit new highs. UOB disclosed a buy-back of 37,000 shares and priced A$2 billion in senior notes via its Sydney branch. Investors await UOB’s full-year results on Feb. 24.