United Overseas Bank (UOB)

Broker's Calls

UOB Malaysia sees higher credit costs in FY20: CGS-CIMB

SINGAPORE (July 6): Amid calls for the Malaysian government to extend the loan moratorium, United Overseas Bank’s Malaysian operations could see higher credit costs ahead, according to CGS-CIMB Res

Broker's Calls

Retail REITs, retail and transport stocks poised to benefit from circuit breaker exit: DBS

SINGAPORE (June 1): As Singapore begins to ease the circuit breaker (CB) measures starting with Phase 1 on June 2, several stocks and real estate investment trusts (REITs) could emerge as beneficia

Sustainability

CapitaLand obtains $500 mil sustainability-linked loan; the largest in Singapore's real estate sector

SINGAPORE (May 28): CapitaLand has obtained a $500 million sustainability-linked loan from United Overseas Bank (UOB). The loan is the largest in Singapore’s real estate sector.

Banking & finance

Outlook darkens as banks navigate stormy seas

SINGAPORE (May 15): In a recent press release by Accenture, a consultant suggested four key areas that demand banks attention: Credit management, revenue compression, customer service and operating

Banking & finance

Earnings, dividends, credit costs and RWA

SINGAPORE (May 15): The three local banks have taken slightly different approaches to pro-visioning and dividends.

BANKS

UOB loans $4 bil to mid-sized enterprises affected by Covid-19

SINGAPORE (May 5): United Overseas Bank (UOB) has approved $4 billion in loans under the Temporary Bridging Loan Programme (TBLP).

BANKS

DBS, OCBC, UOB set to post first profit decline since 2016

(Apr 29): All three of Singapore’s banks are expected to see profit declines for the first time since 2016 as they set aside cash for a potential spike in bad loans stemming from the coronavirus-fu

BANKS

DBS, OCBC, UOB likely to record impairments owing to Hin Leong Trading bankruptcy: Phillip Securities

SINGAPORE (April 22): The bankruptcy filing by Hin Leong Trading (HLT), a major oil trading firm in Singapore, is set to hit the three local banks, according to Phillip Securities.

Broker's Calls

MAS support to benefit local banks, reduce strain from Covid-19: Phillip Securities

SINGAPORE (Apr 13): As the Monetary Authority of Singapore (MAS) has stepped in to support the local banking sector, Phillip Securities continues to be “overweight” on Singapore banks.

Results

UOB posts record high earnings of $4.34 bil in FY19 despite slowing q-o-q in fourth quarter

SINGAPORE (Feb 21): United Overseas Bank (UOB) saw a 10% y-o-y rise in net earnings to $1.01 billion in 4QFY2019 ended December, from $916 million in the corresponding quarter last year.

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