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United Overseas Bank Limited (UOB)
Results
UOB reports core net profit of $1.48 bil for 3QFY2023, 5% higher y-o-y
The bank’s core net profit for the 9MFY2023 stood 33% higher y-o-y at $4.56 billion.
October 26, 2023
Zest
Asia bank margins to dip as rate hikes sink in, bad loans grow
This week, UOB and StanChart should report sequentially flat-to-lower margins as deposit repricing catches up with loan repricing.
October 23, 2023
Singapore economy
Analysts mixed on September’s NODX numbers
In September, NODX declined by 13.2% y-o-y, which stood better than the Bloomberg consensus forecast of -15%.
October 19, 2023
Zest
What analysts expect from the 3Q results of banks
Competition for loans is expected to continue to intensify as mortgage rates dip below 3-month Sora
October 18, 2023
Singapore economy
MAS likely to keep policy parameters unchanged in upcoming October meeting: analysts
The MAS is slated to hold its monetary policy meeting on Oct 13.
October 05, 2023
Zest
UOB joins LCH as a member of SwapClear and ForexClear
The bank’s inclusion marks the completion of all Singapore local banking groups joining as direct members of SwapClear.
October 04, 2023
Broker's Calls
RHB downgrades UOB to ‘neutral’ on limited potential upside to share price
RHB's target price remains unchanged at $31.70.
September 20, 2023
Zest
Credit quality of OCBC’s SME loans may be risk to the bank
"Default trends will have to be watched as SMEs’ loan payment in Singapore weakened further in 2Q2023": analyst Rena Kwok.
September 15, 2023
Environmental, Social and Governance
Opportunities in sustainable production, carbon services for Singapore businesses: Gan Kim Yong
“While there are clouds on the horizon, I think we can see the rainbow forming behind the clouds.”
August 31, 2023
Asean
SBF signs MOUs with UOB, Y3 Technologies to help local companies expand into Asean
The Singapore Business Federation has signed two memoranda of understanding to support Singapore businesses expanding into Asean.
August 31, 2023