United Overseas Bank Limited (UOB)

Singapore economy

Singapore’s manufacturing output up by 17.6% in February, beating market estimates

UOB says it is upbeat on Singapore’s manufacturing sector for 2022, especiallywith the recovery in transport engineering sector.
Singapore's core inflation eases to 2.2%; global inflation expected to stay high: MAS and MTI - THE EDGE SINGAPORE

Singapore economy

Singapore's core inflation eases to 2.2%; global inflation expected to stay high: MAS and MTI

MAS and MTI have projected MAS core inflation to a range of 2% to 3% in 2022.
Singapore's NODX expands by 9.5% in February, easing from January's growth - THE EDGE SINGAPORE

Singapore economy

Singapore's NODX expands by 9.5% in February, easing from January's growth

NODX to the top 10 markets rose on the whole in February, with the largest contributors being the EU 27, China and Malaysia.
UOB prices EUR1.5 billion covered bond due 2025, making this the largest Singapore EUR covered bond - THE EDGE SINGAPORE

Bonds and treasuries

UOB prices EUR1.5 billion covered bond due 2025, making this the largest Singapore EUR covered bond

The final order, which was oversubscribed, was approaching EUR1.9 billion from 56 investors.

Gold

UOB upgrades gold to 'positive' with raised forecast of US$2,100 per oz for 2QFY2022

The renewed pull-back in US real yield is likely to support the growth in gold prices further: UOB

Singapore economy

Singapore's January retail sales up 11.8% y-o-y, beating market estimates

UOB economist Barnabas Gan says retail sales will likely continue to remain supported in 2022, with sales expanding by 6% in 2022

Russia-Ukraine crisis

DBS, OCBC, UOB halt Russia commodities lending to cut risks

The limits include a halt on issuing so-called letters of credit in US dollars for trades involving Russian commodities.
UOB's Sydney branch prices A$900 mil worth of notes with coupon of 0.72% p.a. - THE EDGE SINGAPORE

Zest

UOB's Sydney branch prices A$900 mil worth of notes with coupon of 0.72% p.a.

The notes are expected to be rated Aa1 by Moody’s Investors Service, AA- by Standard & Poor’s and AA- by Fitch Ratings.
Analysts positive on UOB seeing strong FY2021 results - THE EDGE SINGAPORE

Broker's Calls

Analysts positive on UOB seeing strong FY2021 results

The bank is also seen as a play on the economic recovery and a beneficiary of the Fed hikes
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