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Analysts mixed on UOB's 1QFY2022 results; RHB downgrades to 'neutral'

Felicia Tan
Felicia Tan5/10/2022 01:52 PM GMT+08  • 5 min read
Analysts mixed on UOB's 1QFY2022 results; RHB downgrades to 'neutral'
On April 29, the bank reported softer 1QFY2022 earnings of $906 million amid market volatilities.
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Analysts are mixed on UOB’s prospects after the bank released its results for the 1QFY2022 ended March.

On April 29, the bank reported softer 1QFY2022 earnings of $906 million amid market volatilities. The figure also stood below the expectations of analysts.

Nevertheless, analysts from DBS Group Research have kept their “buy” rating with an unchanged target price of $37.

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