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Analysts raise target prices on UOB on expectations of wider NIM

Stanislaus Jude Chan
Stanislaus Jude Chan5/3/2018 05:01 PM GMT+08  • 2 min read
Analysts raise target prices on UOB on expectations of wider NIM
SINGAPORE (May 3): Analysts are staying positive on United Overseas Bank (UOB), after the bank posted record-high 1Q18 earnings of $978 million – some 21% higher than a year ago.
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SINGAPORE (May 3): Analysts are staying positive on United Overseas Bank (UOB), after the bank posted record-high 1Q18 earnings of $978 million – some 21% higher than a year ago.


See: UOB reports 21% rise in 1Q earnings to record $978 mil as net interest income hits new high

“Growth was largely driven by the substantial reduction in credit costs and expenses. Revenue grew high single-digit on the year and was flat sequentially driven by growth in loans, margins and fee income,” says Krishna Guha, an analyst at investment bank Jefferies Singapore.

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