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United Overseas Bank Limited (UOB)
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.
September 29, 2021
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.
September 27, 2021
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.
September 23, 2021
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.
September 15, 2021
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.
August 20, 2021
Singapore economy
Analysts keep 2021 GDP estimates unchanged even after increase in official GDP forecast
The upgrade, however, comes as no surprise to some.
August 12, 2021
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.
August 06, 2021
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.
August 04, 2021
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.
August 02, 2021
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.
July 22, 2021