United Overseas Bank Limited (UOB)

UOB's exposure to Mainland China comprises 'predominantly low-risk short-term facilities': UOB Kay Hian - THE EDGE SINGAPORE

Broker's Calls

UOB's exposure to Mainland China comprises 'predominantly low-risk short-term facilities': UOB Kay Hian

The worst also appears to be over for UOB as credit costs continue to stabilise in 2HFY2021.
USD likely to be supported with Fed moves: analysts - THE EDGE SINGAPORE

Broker's Calls

USD likely to be supported with Fed moves: analysts

Analysts from Bank of Singapore, DBS and UOB expect the Fed to announce tapering this November.
Singapore all-items CPI up 2.4% in August; core inflation up by 1.1% y-o-y - THE EDGE SINGAPORE

Singapore economy

Singapore all-items CPI up 2.4% in August; core inflation up by 1.1% y-o-y

MAS core inflation is still expected to average between 0-1%; CPI-All items inflation is forecast to come in between 1-2% in 2021.
UOB prices Singapore's first SONIA sterling covered bond offering - THE EDGE SINGAPORE

Bonds and treasuries

UOB prices Singapore's first SONIA sterling covered bond offering

The bonds are expected to be rated Aaa by Moody’s and AAA by S&P Global Ratings.
UOB to adopt Equator Principles as it commits to its sustainability strategy - THE EDGE SINGAPORE

Environmental, Social and Governance

UOB to adopt Equator Principles as it commits to its sustainability strategy

The bank, as at end-June, provided a total of $13 billion in sustainable financing.

Broker's Calls

Analysts positive on UOB following 1H21 results; peg TP estimate of at least $29

The analysts from all five brokerages have kept “accumulate”, “add” or “buy” on UOB.
UOB posts 43% higher earnings of $1.0 bil in 2Q21 with interim dividend of 60 cents per share - THE EDGE SINGAPORE

Results

UOB posts 43% higher earnings of $1.0 bil in 2Q21 with interim dividend of 60 cents per share

UOB has also announced the suspension of its scrip dividend scheme. The dividend will be paid in cash on Aug 27.
Singapore economy was 'generally in better shape' in 2Q2021 compared to 2Q2020: OCBC economist - THE EDGE SINGAPORE

Zest

Singapore economy was 'generally in better shape' in 2Q2021 compared to 2Q2020: OCBC economist

Bank lending was up 1.5% in June, the fastest it has grown since July 2020.

Global Economy

Briefs: Economists’ GDP forecasts unchanged; former Broadway Industrial Group CFO charged for insider trading

Former Broadway Industrial Group CFO Tan Chee Keong was charged in court on July 22 for insider trading.
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