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United Overseas Bank Limited (UOB)
Fintech
UOB and procure-to-pay platform Doxa collaborate to digitalise finance processes for companies
Both companies signed a memorandum of understanding (MOU) on Aug 18 with their client, Kimly Construction.
August 18, 2022
Broker's Calls
Analysts remain 'overweight' on Singapore banking sector due to NIM improvement
Analysts from UOB Kay Hian and PhillipCapital have kept their "buy" calls for the banks in their respective reports.
August 16, 2022
Results
UOB reports 11% higher net profit of $1.1 bil for 2QFY2022
The bank has declared an interim dividend of 60 cents per share, unchanged from the year before.
July 29, 2022
Singapore economy
Singapore's manufacturing output moderates to 2.2% in June
The moderation was due to declines seen in the biomedical manufacturing and chemicals clusters seen during the month.
July 26, 2022
Broker's Calls
UOB Kay Hian maintains 'overweight' on Singapore banks; sector to benefit from NIM expansion
On the overall banking sector, Koh notes that the three banks do not have exposure to residential mortgages in mainland China.
July 21, 2022
Broker's Calls
UOB's current P/BV at 1x represents 'attractive entry point' into banking sector: CGS-CIMB
UOB will be reporting its results for the 1HFY2022 ended June before the market opens on July 29.
July 18, 2022
Zest
UOB to issue $400 mil perpetual capital securities with 4.25% fixed distribution rate
The perpetual capital securities are intended to qualify as Additional Tier 1 regulatory capital for the bank.
June 28, 2022
Singapore economy
UOB ups Singapore's 2022 NODX growth forecast to 5%; other analysts retain GDP, NODX estimates
UOB's revised forecast is at the top end of Enterprise Singapore’s projection of a 3% to 5% growth for the year.
June 20, 2022
Broker's Calls
CGS-CIMB remains 'overweight' on banking sector on anticipated margin expansion
The recommendation comes after deposits in April rose by 2.9% m-o-m, the highest since August 2021.
June 01, 2022
Broker's Calls
Analysts mixed on UOB's 1QFY2022 results; RHB downgrades to 'neutral'
On April 29, the bank reported softer 1QFY2022 earnings of $906 million amid market volatilities.
May 10, 2022