Welcome!
United Overseas Bank Limited (UOB)
Broker's Calls
DBS ups TPs for UOB and OCBC amid strong business momentum in January
DBS has maintained "buy" on UOB and OCBC with higher target prices of $27.60 and $12.50 respectively.
March 01, 2021
Broker's Calls
Analysts overall positive on UOB upon best NIM performance among peers; peg fair value at over $26
As at 3.41pm, shares in UOB are trading 39 cents higher or 1.6% up at $25.07.
March 01, 2021
Zest
Singapore's bank lending continues growth streak for third month in January 2021
Singapore’s bank lending increased in January following higher loans to businesses.
March 01, 2021
Results
UOB posts 33% lower FY20 earnings of $2.92 billion due to lower margins, reduced customer activities; declares final dividend of 39 cents
The group’s CFO Lee Wai Fai says the group’s 50% dividend payout ratio will resume once the dividend cap is relaxed.
February 25, 2021
Zest
Singapore's bank lending continued to grow for second month in December 2020
Singapore’s bank lending increased in December, thanks to the continued growth in housing loans.
February 02, 2021
Broker's Calls
'Buy' UOB and OCBC on better outlook, ROE recovery: DBS
DBS analyst Lim Rui Wen has upped UOB's and OCBC's target prices to $26.80 and $11.90 respectively.
January 27, 2021
Investing ideas
The bigger the fall, the stronger the recovery for Singapore market: Credit Suisse
While some sectors in the Singapore economy have taken a beating, Credit Suisse believes this is a prelude to a strong recovery.
January 22, 2021
Sustainability
Boustead Projects secures first green loan of $130 mil from UOB for Alice@Mediapolis
Alice@Mediapolis, a smart, eco-sustainable business park development, is developed and owned by BP-Dojo LLP.
January 18, 2021
Sustainability
Banks to open slots online for reservation of new notes for CNY; MAS encourages use of e-hong baos to reduce queues for physical notes
Customers will have to book their slots at the banks' websites to collect their new notes.
January 12, 2021
Zest
UOB prices Singapore's first capital securities with reset coupon rate that references SORA Overnight Indexed Swap rate
The securities are priced at a coupon of 2.25% per annum, 181 basis points above the prevailing five-year SORA-OIS as at Jan 7.
January 08, 2021