CGS International analysts Andrea Choong and Lim Siew Khee have kept their “add” call with an unchanged target price of $36.50 as UOB’s 1HFY2024 net profit formed 49% of their full-year forecasts. The analysts are remaining positive on UOB as they see synergies from the bank’s Citi integration likely to set in.
Analysts remain mixed on United Overseas Bank (SGX:U11
) ’s (UOB) prospects after the bank’s core net profit of $1.49 billion for the 2QFY2024 ended June 30stood within the consensus estimates.
The ‘add’ calls
