United Overseas Bank Limited (UOB)

UOB Sydney prices A$1.5 bil worth of senior unsecured notes due 2026 - THE EDGE SINGAPORE

Zest

UOB Sydney prices A$1.5 bil worth of senior unsecured notes due 2026

The notes are expected to be issued on March 16. They will both mature on March 16, 2026.

Broker's Calls

Banks will benefit from the full impact of previous rate hikes in 2023, says UOB Kay Hian

UOB Kay Hian analyst Jonathan Koh has kept his "overweight" rating for the sector with "buy" calls for DBS and OCBC.
Analysts see downsides to Singapore’s retail sales after ‘unexpected’ 0.8% y-o-y contraction in January - THE EDGE SINGAPORE

Singapore economy

Analysts see downsides to Singapore’s retail sales after ‘unexpected’ 0.8% y-o-y contraction in January

The lower-than-expected retail sales index were attributed to the higher GST and inflationary pressures.

Global Economy

Briefs: Wee Cho Yaw relinquishes board roles, China's factory activity tops decade high

"Evolve or die. That’s what’s happening here." - Bridgewater Associates CEO Nir Bar Dea.

Zest

UOB completes acquisition of Citi's retail business in Vietnam; makes new appointments to the team

Analysts were positive on the bank’s acquisition of Citi’s retail assets.

Zest

Rich investors' hesitance to trade a blow to Singapore banks

Lenders in the city-state, that’s seen as a safe haven, are seeing less fees from these customers.
Singapore CEOs likely to get even richer after being forced to reveal pay - THE EDGE SINGAPORE

Company in the news

Singapore CEOs likely to get even richer after being forced to reveal pay

The CEOs of DBS, Wilmar, UOB, OCBC and Venture Corp are some of Singapore's highest paid ones.

Results

UOB reports record-high FY2022 earnings of $4.57 bil with final dividend of 75 cents per share

UOB’s 2HFY2022 earnings stood 24% higher y-o-y at $2.56 billion.

Bonds and treasuries

UOB ‘less enthusiastic’ on upcoming two-year SGS outperformance vs US Treasuries or Sora OIS

The two-year SGS, which matures on June 1, 2025, will be reopened on Feb 24 to the tune of $3.2 billion.
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