United Overseas Bank (UOB)

Broker's Calls

Maybank picks UOB and DBS as banks respond to dips with buybacks

SINGAPORE (June 17): Singapore banks have accelerated their share buyback programmes after being de-rated 12% since their peak in April due.

Fintech

Grab eyes Singapore banking licence as regulator studies virtual banks

(June 12): Grab, Southeast Asia’s most valuable startup, is exploring a move into Singapore banking as regulators in the Southeast Asian city-state consider allowing online-only banks, four people with knowledge of the process said.

Broker's Calls

CGS-CIMB keeps UOB as top bank sector pick despite underperforming NIM expansion

SINGAPORE (June 3): CGS-CIMB Research is keeping United Overseas Bank (UOB) as its top pick among the Singapore banks, despite the bank’s NIM expansion underperforming compared to its peers.

Company in the news

UOB chief says 'why not' let an outsider succeed him

SINGAPORE (May 31): United Overseas Bank’s chief executive officer said he is comfortable going outside his family for a successor to run the lender his grandfather founded more than eight decades ago.

Startups, Entrepreneurs, Digital economy

New UOB-Mastercard partnership targets SMEs with free golf club access, hotel & dining perks

SINGAPORE (May 28): United Overseas Bank (UOB) and Mastercard today announced the launch of the UOB Regal Business Metal Card, the region’s first World Elite Mastercard metal card for small- and medium-sized enterprises (SMEs).

Company in the news

UOB continues regionalisation and digitalisation, adding new markets; remains mindful of costs and capital

SINGAPORE (May 27): Over the past 20 years, United Overseas Bank has gradually built up a regional presence, differentiating it from DBS Group Holdings and, to a much lesser extent, Oversea-Chinese Banking Corp. DBS’s presence is mainly in Singapore and

Broker's Calls

Regionalisation, digitalisation key to UOB's growth, analysts say

SINGAPORE (May 23): Analysts believe United Overseas Bank (UOB) will leverage technology as well as efforts to spread its wings across the region in order to ride out current macroeconomic volatilities.

Broker's Calls

UOB valuations & yield still deemed attractive after share price run-up

SINGAPORE (May 6): Jefferies, DBS Vickers Securities and RHB Research are maintaining their “buy” calls on United Overseas Bank (UOB) with the respective price targets of $31, $29.20  and $30.80 following last week’s release of the bank’s 1Q19

UOB and KrisFlyer launch credit card for pairing with savings account to earn air miles from spending

SINGAPORE (Apr 23): United Overseas Bank (UOB) and KrisFlyer have launched the KrisFlyer UOB Credit Card.

Broker's Calls

RHB stays 'overweight' on Singapore banks as MAS keeps policy unchanged

SINGAPORE (Apr 15): RHB Group Research is maintaining its “overweight” call on Singapore banks, after the Monetary Authority of Singapore (MAS) on Friday kept its monetary policy settings unchanged amid a worsening global growth outlook and low inflat
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