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United Overseas Bank
Singapore market hits 21-month high
SINGAPORE (May 11): Singapore scaled a 21-month peak on Thursday, powered by banks, with Southeast Asian stock markets largely upbeat, mirroring broader positive sentiment in Asia and Wall Street.
May 11, 2017
Biggest Singaporean banks' earnings in focus as Ezra woes deepen
SINGAPORE (Feb 13): The woes of Singaporean energy-services provider Ezra Holdings are a stark reminder to the city’s biggest banks of the threat souring oil and gas loans pose to their earnings.
February 13, 2017
Broker's Calls
Singapore banks poised to weather continued headwinds in 2017
SINGAPORE (Jan 17): Moody's Investors Service says Singapore’s three largest banks are poised to weather further weakening in asset quality and continued downward pressure on profitability in 2017.
January 17, 2017
Market Close
STI closes 0.4% lower at 2,871.05 points
SINGAPORE (Dec 23): Singapore stocks ended lower in line with most of the market's regional peers, as volumes remained thin ahead of the year-end holidays.
December 23, 2016
Broker's Calls
Don’t expect the rally of banking stocks to roll on
SINGAPORE (Nov 30): UBS Global Research does not expect the recent share price rally of Singapore banking stocks to be sustainable.
November 30, 2016
Broker's Calls
Banks should do better with a rate hike but which would gain most?
SINGAPORE (Nov 8): Singapore banks could see better days after the US Federal Reserve announces its rate hike later this year, according to RHB Research which is maintaining its “neutral” rating on the sector.
November 08, 2016
Broker's Calls
This analyst isn’t buying the banks' results. Should you?
SINGAPORE (Nov 7): Maybank Kim Eng is maintaining its “negative” recommendation on Singapore banks, in anticipation of further asset quality deterioration, even as the local lenders have focused on revenue generation in 3QFY16.
November 07, 2016
Broker's Calls
The NPL nightmare might finally be over for banks
SINGAPORE (Nov 3): UOB Kay Hian is maintaining its “overweight” recommendation on the Singapore banking sector after the three local lenders posted healthy results for 3QFY16, on the back of strong non-interest income.
November 03, 2016
SGX tops the banks; tech important for future growth in finance sector
SINGAPORE (Oct 26): DBS Group Holdings, Oversea-Chinese Banking Corp and United Overseas Bank, arguably the most closely followed stocks within the finance sector, did not come out tops in any of the three metrics by which the Billion Dollar Club companie
October 26, 2016
Bad loan charges to hit Singapore's three biggest banks
SINGAPORE (Oct 25): Singapore’s three largest banks are poised to report higher impairment charges for loans to the struggling oil and gas industry and weaker interest margins when they post third-quarter earnings in coming days.
October 25, 2016