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United Overseas Bank Limited (UOB)
Singapore economy
Singapore's March retail sales surprises on upside with 8.7% y-o-y growth
UOB economist Barnabas Gan is estimating that Singapore’s retail sales will expand by another 6.0% in 2022.
May 05, 2022
Broker's Calls
CGS-CIMB maintains 'add' on Singapore banks despite 10% earnings drop
The banks are well-positioned to sustain their dividend policies in FY2022, according to the analysts at CGS-CIMB.
May 04, 2022
Results
UOB reports 1QFY2022 net profit of $906 mil, down 10% y-o-y
Shares in UOB closed 42 cents lower or 1.37% down at $30.14 on April 28.
April 29, 2022
Singapore economy
Peak in inflation yet to come as Singapore’s core and headline inflation jumps to 10-year high
March’s figures for both core and headline inflation stood at 2.9% and 5.4% respectively.
April 25, 2022
Telecommunications
Singtel prices US$100 mil five-year digital sustainability-linked bonds with 3.56% p.a. coupon
The SLBs were done in partnership with UOB and ADDX.
April 21, 2022
Singapore economy
Analysts keep NODX estimates for 2022 unchanged amid easing NODX growth in March
Maybank Securities is keeping its NODX growth forecast at 4%-6%; OCBC's is unchanged at 4%-8%; UOB's forecast remains at 2.0%.
April 19, 2022
Broker's Calls
Singapore banks' potential earnings drag from lower trading income a buying opportunity, says Maybank Singapore
Nevertheless, Wickramasinghe expects the Singapore banks to show resilience in their core business
April 17, 2022
Singapore economy
Singapore's February retail sales down 3.4%, first time in six months
Despite the February contraction, OCBC and UOB are both keeping their full-year retail estimates at 3.5% and 6.0% respectively.
April 05, 2022
Zest
UOB to issue US$2.1 bil worth of notes under US$30 bil global medium term note programme
The notes will mature in April 2025 and October 2032.
April 01, 2022
US Economy
Higher yields seen as headwinds to investors; FOMC's hawkish stance could intensify: analysts
Analysts at DBS and UOB are expecting to see cumulative basis point increases this year.
March 29, 2022