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United Overseas Bank Limited (UOB)
Broker's Calls
CGS-CIMB remains 'neutral' about banks as it expects to see mixed NIM performances ahead of 1Q earnings
UOB will release its results on April 27. DBS will release its results on May 2 while OCBC will announce its results on May 10.
April 21, 2023
Singapore economy
The pivot in MAS’s policy came as no surprise to most analysts
Some of the analysts have kept their 2023 GDP estimates while others have lowered their full-year expectations.
April 19, 2023
Singapore economy
Increase in visitor arrivals, especially with return of Chinese tourists should bode well for retail industry: analysts
Retail sales grew by 12.7% y-o-y in February, reversing the 0.8% y-o-y decline printed in January.
April 05, 2023
Singapore economy
Analysts see 'final tightening' by MAS in April meeting after February's inflation figures
This will be the sixth consecutive tightening move since October 2021.
March 29, 2023
Zest
UOB CEO Wee Ee Cheong's salary grew by 30.2% y-o-y to $14.2 mil after UOB's record-high earnings for FY2022
In his deputy chairman and CEO’s report, Wee acknowledged that FY2022 was a “strong year” financially for the bank.
March 23, 2023
Zest
SVB collapse unlikely to cause systemic risk, say analysts
Analysts also largely agree SVB is unlikely to impact markets the way the Global Financial Crisis did in 2008.
March 16, 2023
Broker's Calls
Analysts remain 'overweight' on Singapore banks; SVB seen as a 'non-event' for the sector
CLSA has upped its target prices for all three banks and see NIMs peaking at around 1Q2024.
March 16, 2023
Broker's Calls
Banks to drive market rebound through April, as March Fed meeting outcome looms large for local stocks: DBS
DBS analysts are watching US economic data and Fedspeak that could signal one of two possible outcomes at the March Fed meeting.
March 14, 2023
Broker's Calls
RHB sees fee income to be 'key earnings driver' in FY2023.
Among the three banks, DBS and OCBC are the RHB team's top picks.
March 13, 2023
Broker's Calls
Maybank downgrades Singapore banks to 'neutral' on NPL risks; lowers UOB and OCBC to 'hold'
Analyst Thilan Wickramasinghe points out that the sector’s risk-reward is now “largely balanced” as operations are still resilient
March 13, 2023