The Singapore research team at RHB Bank Singapore is remaining “neutral” on United Overseas Bank (SGX:U11
) (UOB) with a higher target price of $32 from $30.10, following a meeting with UOB’s management. The higher target price comes after the team has rolled its valuation forward to FY2025.
United Overseas Bank
Price target:
CGS International ‘neutral’ $32
Roll-off in Citi integration costs positive for earnings
