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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.
December 16, 2022
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
December 16, 2022
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.
December 14, 2022
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.
November 24, 2022
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.
November 02, 2022
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.
November 01, 2022
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.
October 28, 2022
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.
October 26, 2022
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.
October 25, 2022
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.
October 21, 2022