United Overseas Bank Limited (UOB)

Broker's Calls

RHB ups UOB's TP to $34.90; earnings expected to grow by 'healthy' 18% in FY2023

In addition to the higher TP, the team has upped its net profit estimate for the FY2023 to FY2024 by 5% and 7% respectively.

US Economy

Economists see Powell’s message as 'hawkish'; 50 bps increase 'consistent' with forecasts

"Real interest would rise considerably next year, which could hurt economic growth and affect financial stability": DBS
Netlink NBN Trust, UOB and ComfortDelGro lead Asean Corporate Governance Scorecard - THE EDGE SINGAPORE

Environmental, Social and Governance

Netlink NBN Trust, UOB and ComfortDelGro lead Asean Corporate Governance Scorecard

More entities scored at least 75% out of the 130 points in the latest edition.
JP Morgan downgrades DBS to 'neutral' as future earnings growth already priced in - THE EDGE SINGAPORE

Broker's Calls

JP Morgan downgrades DBS to 'neutral' as future earnings growth already priced in

JP Morgan analyst Harsh Wardhan Modi implies that DBS's NIM expansion may be limited in 2023.
Analysts mixed on GDP forecast for 2022 and 2023 after 3Q2022 advance estimates - THE EDGE SINGAPORE

Singapore economy

Analysts mixed on GDP forecast for 2022 and 2023 after 3Q2022 advance estimates

Here's what the analysts had to say on Singapore's flash estimates for the 3Q2022.

Zest

UOB completes acquisition of Citigroup's consumer banking businesses in Malaysia and Thailand

The completion of the acquisition of Citigroup’s consumer banking businesses in Indonesia and Vietnam is planned for 2023.
UOB posts record high earnings of $1.4 bil in 3QFY2022, up 34% y-o-y - THE EDGE SINGAPORE

Results

UOB posts record high earnings of $1.4 bil in 3QFY2022, up 34% y-o-y

During the 9MFY2022, net profit surged by 12% y-o-y to $3.42 billion.

Singapore economy

Further MAS tightening still on the table for April 2023 with core inflation still elevated in September, say analysts

Analysts from OCBC, Citi, UOB and RHB are keeping their predictions of further tightening from the MAS at the next scheduled MPS.
Analysts expect slowdown in NODX further into 2022 after September's NODX underperforms - THE EDGE SINGAPORE

Singapore economy

Analysts expect slowdown in NODX further into 2022 after September's NODX underperforms

Despite the estimated slowdown, most of the analysts are keeping their 2022 NODX estimates unchanged.

Broker's Calls

Analysts remain positive on banks ahead of 3QFY2022 results due to NIM expansions

CGS-CIMB remains “overweight” on the sector while DBS expects the sector to see “higher absolute dividends” for FY2022.
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