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United Overseas Bank Limited (UOB)
Sustainability
DBS, OCBC, Singtel and UOB named Singapore's most valuable brands in the Sustainability Perceptions Index 2023
All four also scored the highest in the governance pillar among the ESG pillars.
February 21, 2023
Broker's Calls
Singapore banks could see upcoming moderation in growth momentum in 2023: IG Asia
DBS, OCBC and UOB will announce their earnings for the 4QFY2022 and FY2022 on Feb 13, Feb 24, and Feb 23.
February 08, 2023
Singapore economy
Singapore's retail sales up by 7.4% y-o-y to $4.7 bil in December 2022
Excluding motor vehicles, Singapore’s retail sales grew by 9.5% y-o-y to $4.3 billion.
February 03, 2023
Singapore economy
Analysts expect Singapore's industrial production to remain soft in 1Q2023
Singapore’s industrial production fell by 3.1% on a y-o-y basis in December 2022.
January 27, 2023
Singapore economy
Analysts expect to see 'challenging' core inflation in 2023, further tightening cannot be 'ruled out'
All the analysts have kept their 2023 CPI forecasts unchanged.
January 25, 2023
Zest
UOB prices $850 mil perpetual capital securities with 5.25% coupon
The perpetual capital securities will be first callable in 2028.
January 13, 2023
Broker's Calls
RHB keeps 'overweight' rating on Singapore banks; sees overall earnings to improve by 20% y-o-y in FY2023
Among the banks, RHB prefers DBS for its higher NIM sensitivity to interest rate changes, and OCBC, given its cheaper valuation.
January 09, 2023
Singapore economy
GDP growth momentum 'likely' to moderate below 2% y-o-y handle in 1Q2023: analysts
Analysts have kept their 2023 GDP estimates unchanged even if they are expecting Singapore's 2023 GDP growth momentum to moderate.
January 05, 2023
New appointments
UOB appoints former deputy managing director of MAS's financial supervision department as independent director
Ong Chong Tee will also join the bank’s executive committee and board risk management committee.
December 23, 2022
Singapore economy
Singapore's November NODX sinks below expectations with 14.6% y-o-y decline
The reading came in worse than expected compared to Bloomberg's -6.5% estimate.
December 16, 2022