Analysts from DBS Group Research, PhillipCapital and RHB Group Research are positive on UOB’s prospects after the bank released its earnings results for the 3QFY2021 ended September.

On Nov 3, UOB reported net profit after tax (NPAT) – or net earnings – of $1.05 billion, 57% higher y-o-y, which stood slightly ahead of consensus’ estimates.

On this, DBS Group Research analyst Lim Rui Wen and the Singapore research team have kept “buy” on UOB with a higher target price of $31 from $29.20 previously.

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