Home Capital Broker's Calls

Overseas growth to drive UOB's earnings: Maybank KE

Samantha Chiew
Samantha Chiew4/12/2019 02:58 PM GMT+08  • 2 min read
Overseas growth to drive UOB's earnings: Maybank KE
SINGAPORE (Apr 12): Overseas growth will help drive earnings and share price of United Overseas Bank (UOB), according to Maybank Kim Eng, which continues to rate the bank a “buy” with an unchanged target price of $29.71.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Apr 12): Overseas growth will help drive earnings and share price of United Overseas Bank (UOB), according to Maybank Kim Eng, which continues to rate the bank a “buy” with an unchanged target price of $29.71.

In a Thursday report, analyst Thilan Wickramasinghe believes that concerns of weak earnings growth in Singapore are to blame for UOB’s 6% YTD underperformance, as compared to DBS. But, Wickramasinghe says, “This is the wrong place to look.”

Increasingly, UOB’s growth is generated overseas – from SE Asia and Greater China – not Singapore.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now