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Zest
UOB completes acquisition of Citigroup’s consumer banking business in Indonesia
Shares in UOB closed at $27.35 on Nov 17.
November 20, 2023
Company in the news
UOB will no longer sponsor Biolidics after Dec 31
The Covid-19 test kit provider is currently “actively seeking” to appoint a new sponsor.
September 28, 2023
Sustainability
StorHub secures $180 mil sustainability-linked loan from CIMB, UOB
StorHub’s KPIs are to reduce reduce electricity consumption and obtain LEED green building certification for seven properties.
September 25, 2023
Broker's Calls
Singapore banks 'ploughing ahead', with 2QFY2023 results beating CLSA's conservative estimates
CLSA analysts believe NIMs will peak out at end-2023.
August 10, 2023
Broker's Calls
Singapore banks' loan growth, fee income 'largely weak'; DBS urges 'hold’ before 2QFY2023 results
UOB is set to announce its results for 1HFY2023 on July 27, while DBS and OCBC will follow on Aug 3 and Aug 4 respectively.
July 25, 2023
Zest
Future of Vietnam as a pivotal country in global supply chain
Vietnam's north is overtaken by technology manufacturers, now the government aims to capture businesses more evenly country-wide.
July 13, 2023
Zest
UOB emerges as top candidate to cash in on Vietnam's growth potential
Following the acquisition of Citi, UOB now has “full suite” of services for corporates and retail customers in Vietnam.
July 13, 2023
Broker's Calls
UOB managing headwinds and Citi acquisition well, but RHB trims TP as share price falls 9% ytd
UOB’s share price is down 9% year-to-date, underperforming peers and the market barometer, says RHB Bank Singapore.
May 31, 2023
Broker's Calls
Non-interest income recovery the next growth lever for local banks: CLSA
Non-interest income is roughly a third of total income for the banks.
May 18, 2023
Company in the news
EDPR APAC's parent EDP signs five-year $1 bil green loan with DBS, OCBC, UOB, MUFG
In March, Singapore’s GIC committed EUR1 billion for a roughly 5% stake in EDPR, making GIC the second-largest shareholder.
April 19, 2023