United Overseas Bank (UOB)

Support by MAS will allow the local banks to mitigate risks to asset quality, says Phillip Securities Research.

UOB has recommended a final dividend of 55 cents per share and a special dividend of 20 cents per share, bringing total dividend for FY2019 to $1.30 per share.

A second real estate investment trust has started a cornerstone roadshow. United Hampshire US REIT is looking to list on Singapore Exchange at a yield of 6.5% to 7% in March.

Singapore’s digital banks are unlikely to gain material market share in the medium term,” says Maybank Kim Eng Research analyst Thilan Wickramasinghe.

“The measures chosen by SMEs to manage the anticipated increase in GST suggest that are looking for ways to mitigate the increase in costs without passing it on to customers,” says Mervyn Koh, UOB’s business banking head in Singapore.

SINGAPORE (Dec 18): United Overseas Bank has agreed to subscribe to RMB1.86 billion ($360 million) worth of shares in Hengfeng Bank Co in China.

SINGAPORE (Dec 2): Singapore banks could see weaker margins ahead from falling interest rates, but analysts say growth could be lifted by overall positive momentum.

SINGAPORE (Nov 26): United Overseas Bank (UOB) is collaborating with three homegrown solar companies – SolarGy, SolarPVExchange and Sunseap Group – to accelerate the use of solar energy in Singapore.

SINGAPORE (Nov 18): “I think, from their perspectives, things only get serious when their kids can’t go to school, and they can’t get their lattes and go to yoga.” — Unnamed foreign executive, to the Financial Times, referring to the expatriate

Are the local banks sufficiently diversified to withstand the unrest in Hong Kong? Will they still be profitable and pay dividends?