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United Overseas Bank (UOB)
Global Economy
Central banks turn dovish as IMF urges to 'do no harm'
SINGAPORE (Apr 15): Major central banks around the world have maintained a dovish stance, in line with a softer growth outlook by the International Monetary Fund.
April 15, 2019
Broker's Calls
Overseas growth to drive UOB's earnings: Maybank KE
SINGAPORE (Apr 12): Overseas growth will help drive earnings and share price of United Overseas Bank (UOB), according to Maybank Kim Eng, which continues to rate the bank a “buy” with an unchanged target price of $29.71.
April 12, 2019
Singapore bans former HSBC, UOB bankers on fraud, dishonesty
SINGAPORE (April 11): Singapore has meted out lengthy bans to convicted former HSBC Holdings Plc and United Overseas Bank Ltd. bankers for fraud and dishonest conduct.
April 11, 2019
Broker's Calls
OCBC still bullish on banking stocks after a lacklustre FY18
SINGAPORE (Mar 26): OCBC Investment Research remains bullish on Singapore’s banking space while keeping its sector “overweight” with “buy” calls on both DBS and UOB, which have been given fair value estimates of $29.31 and $28.30, respectively.
March 26, 2019
Broker's Calls
Singapore banks to shine despite regional macros, competition from fintechs: Maybank
SINGAPORE (Mar 18): Maybank Kim Eng is keeping “positive” on Singapore’s banking sector while noting significant interest among Malaysian investors in Singapore banks from a flight-to-quality angle, and for their high dividend yields as the SGD appr
March 18, 2019
Broker's Calls
UOB plans for the future; targets 3-5 mil regional digital customers over 5 years
SINGAPORE (Mar 15): United Overseas Bank is targeting 3-5 million digital customers in five markets over the next five years.
March 15, 2019
Bonds and treasuries
UOB issues Singapore's first RMB Panda bond
SINGAPORE (Mar 13): United Overseas Bank has issued the first Panda bond from Singapore, making it the second Southeast Asian financial institution to do so.
March 13, 2019
Broker's Calls
US rate hike pause priced into banking stocks, says CGS-CIMB
SINGAPORE (Mar 11): CGS-CIMB Research says current bank valuations have priced in downside risks of a pause in US Federal Reserve rate hikes on sector earnings.
March 11, 2019
Broker's Calls
DBS is Maybank Kim Eng's top pick amid expectation of wider NIM in 2019
SINGAPORE (Mar 7): Maybank Kim Eng Research says DBS Bank is its top pick among local banks on the back of its strong low cost deposit franchise.
March 07, 2019
Sector Focus
Local banks to face greater asset risks due to worsening macroeconomic conditions: Moody's
SINGAPORE (Feb 26): Singapore's three largest banks by assets, DBS Bank, Oversea-Chinese Banking Corp (OCBC) and United Overseas Bank (UOB) will face greater asset risks this year due to worsening macroeconomic conditions despite ending 2018 with reco
February 26, 2019