United Overseas Bank (UOB) Group

Singapore banks 'neutral' as impact of lifted dividend cap ends: CGS-CIMB  - THE EDGE SINGAPORE

Broker's Calls

Singapore banks 'neutral' as impact of lifted dividend cap ends: CGS-CIMB

"There is still ample liquidity in the system."
DBS, UOB among analysts' top picks, as Singapore banking sector remains 'overweight' - THE EDGE SINGAPORE

Zest

DBS, UOB among analysts' top picks, as Singapore banking sector remains 'overweight'

UOB and DBS are the top picks for analysts from CGS-CIMB and UOB Kay Hian.
After a year of reduced payouts, MAS may remove banks' dividend cap soon: PhillipCapital - THE EDGE SINGAPORE

Broker's Calls

After a year of reduced payouts, MAS may remove banks' dividend cap soon: PhillipCapital

“We believe the banks could pay out special dividends to adjust their high capital buffers."
UOB to issue EUR750 mil 0.10% covered bonds due 2029 - THE EDGE SINGAPORE

Bonds and treasuries

UOB to issue EUR750 mil 0.10% covered bonds due 2029

According to UOB, the issuance marks the longest-dated covered bond by a Singapore bank with an eight-year tenor.
Analysts remain 'overweight' on Singapore banking sector after record 1Q, OCBC and DBS top picks - THE EDGE SINGAPORE

Broker's Calls

Analysts remain 'overweight' on Singapore banking sector after record 1Q, OCBC and DBS top picks

The banks beat analysts' expectations for 1Q21, with DBS and OCBC achieving record earnings.
UOB reports 46% q-o-q growth in net profit to $1 bil for 1Q21 on record fee income - THE EDGE SINGAPORE

Results

UOB reports 46% q-o-q growth in net profit to $1 bil for 1Q21 on record fee income

UOB achieved record fee income of $638 million for the period, up 22% q-o-q.

Broker's Calls

Singapore banks on recovery path, PhillipCapital picks OCBC for faster earnings growth

Last week, analysts from CGS-CIMB Research and DBS Group Research advised investors to accumulate on Singapore bank stocks.
UOB prices first sustainability bond offering from Singapore, raising US$1.5 bil - THE EDGE SINGAPORE

Zest

UOB prices first sustainability bond offering from Singapore, raising US$1.5 bil

The bond is the inaugural issuance under UOB’s Sustainable Bond Framework which launched in March.
UOB to offer pay increases and promotions for up to 98% of group’s total headcount amid sustained economic recovery in 2021 - THE EDGE SINGAPORE

Zest

UOB to offer pay increases and promotions for up to 98% of group’s total headcount amid sustained economic recovery in 2021

The news comes after the bank's hiring, wage and promotion freeze in September 2020.
Recovery in sight for banks, upgraded to 'overweight': RHB - THE EDGE SINGAPORE

Broker's Calls

Recovery in sight for banks, upgraded to 'overweight': RHB

With recovery in sight, bank stocks will continue to outperform the broader market as the worst is over, says RHB Group Research.
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