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United Overseas Bank Limited (UOB)
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.
March 09, 2023
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.
March 06, 2023
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.
March 03, 2023
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.
March 02, 2023
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.
March 01, 2023
Broker's Calls
Analysts remain positive on UOB's FY2023 results; Citi integration seen as 'key positive' development
Target prices for the bank range from $33.30 to $34.90.
February 28, 2023
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.
February 24, 2023
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.
February 23, 2023
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.
February 23, 2023
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.
February 21, 2023