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.

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.

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.

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.
RHB prefers DBS, OCBC as banks suspend fixed-rate home loans - THE EDGE SINGAPORE

Broker's Calls

RHB prefers DBS, OCBC as banks suspend fixed-rate home loans

The brokerage remains 'overweight' on the Singapore banking sector.

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.

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.

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

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.

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.
×