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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.
March 25, 2022
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.
March 23, 2022
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.
March 17, 2022
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.
March 10, 2022
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
March 09, 2022
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
March 04, 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.
March 02, 2022
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.
February 18, 2022
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
February 17, 2022
Broker's Calls
Brokers' Digest: Econ Healthcare, IHH Healthcare, UOB, Food Empire, Netlink NBN Trust, Hyphens Pharma
See the analysts' recommendations and target prices here.
January 13, 2022