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United Overseas Bank Limited (UOB)
Broker's Calls
SGX, UOB are PhillipCapital's top picks in banking and finance sector
PhillipCapital has rated all three banks at "neutral" and "accumulate" for SGX.
January 06, 2021
Zest
Banks cut interest rates further on savings accounts in 2021
The latest round of rate revisions was made largely due to the US Federal Reserve’s policy stance of keeping rates low.
January 06, 2021
Singapore economy
Singapore's GDP contracted by 5.8% in 2020, says MTI's advance estimates
For the 4Q2020, the country’s GDP shrank 3.8% y-o-y, registering an improvement from the 5.6% contraction in 3Q2020.
January 04, 2021
Broker's Calls
Maybank Kim Eng downgrades Singapore banks to 'sell' while CGS-CIMB remains positive on the sector
Maybank Kim Eng has downgraded all three banks to "sell" while CGS-CIMB has maintained its "add" rating.
December 02, 2020
Zest
Singapore's bank lending slows for eighth month following drop in loans to businesses
Total bank lending dipped 0.3% month-on-month to $677.46 billion in October.
November 30, 2020
Forex
UOB to set up electronic FX pricing and trade engine in Singapore, to launch by 2Q2021
The establishment of the pricing and trading engine is supported by the Monetary Authority of Singapore (MAS).
November 30, 2020
Bonds and treasuries
UOB to issue €1 bil 0.01% covered bonds due 2027
The bonds will be issued at 101.53% on Dec 1 and mature on Dec 1, 2027.
November 25, 2020
Broker's Calls
UOB's current valuations still 'inexpensive', says DBS Group Research
Analyst Lim Rui Wen has maintained her “buy” recommendation on UOB with a higher target price of $24.80.
November 24, 2020
Company in the news
SingPost prices $250 mil of senior unsecured fixed rate notes with 2.53% p.a. coupon
As at 9.14am, shares in SingPost are trading flat at 68.5 cents.
November 13, 2020
Broker's Calls
CGS-CIMB analysts upgrade DBS and OCBC to 'buy' on stabilising NIMs, while PhillipCapital prefers UOB for sector exposure
Shares in DBS, OCBC and UOB closed $24.40, $9.43 and $21.26 respectively on Nov 10.
November 10, 2020