Welcome!
United Overseas Bank Limited (UOB)
Singapore economy
Analysts mostly raise inflation forecasts for 2023 after MAS's tightening move
Inflation is likely to remain elevated in 2022; off-cycles are likely to be done for 2022, note the analysts.
October 19, 2022
Broker's Calls
CLSA lifts all three TPs of Singapore banks on higher-than-expected NIMs
The banking sector is also the only sector in the market to benefit from the rising rates, note the analysts at CLSA.
October 12, 2022
Sustainability
Megachem secures first sustainability-linked loan of US$10 mil from UOB
The facility comes with pre-determined sustainability performance targets, pegged to ratings by EcoVadis.
October 11, 2022
Sustainability
UOB launches new solutions to help carbon-intensive companies looking to decarbonize
Clients covered in such industries include oil, gas and chemicals, logistics and transportation.
September 29, 2022
Broker's Calls
RHB prefers DBS, OCBC as banks suspend fixed-rate home loans
The brokerage remains 'overweight' on the Singapore banking sector.
September 29, 2022
Broker's Calls
Analysts expect authorities to revise inflation forecasts upwards; MAS may tighten monetary policy in October
Singapore's headline inflation stood at 7.5% y-o-y while core inflation stood at 5.1% y-o-y in August 2022.
September 26, 2022
Singapore economy
Analysts expect NODX momentum to slow in 2H2022 as Singapore's NODX rose by 11.4% in August
Singapore's NODX for August was thanks to a surge in non-electronics exports and offset by a decline in electronics exports.
September 16, 2022
Singapore economy
Singapore's manufacturing output up by 0.6% in July; analysts note increased risk of weak IP trajectory for 2022
The main drags during the month were due to the electronics and biomedical manufacturing clusters, which registered y-o-y declines
August 26, 2022
Singapore economy
Core inflation may remain elevated 'for longer', say analysts
RHB's Gan forecasts that the inflation pace will stay at around the 7.0% handle before falling to 5.0% in 4Q2022.
August 26, 2022
Singapore economy
Economists keep NODX forecast for 2022 despite seeing slowdown in NODX growth in the 2H2022
Singapore's NODX expansion in July stood above market expectations.
August 19, 2022