United Overseas Bank (UOB) Group

Broker's Calls

UOB must protect SME banking core: Maybank

United Overseas Bank (UOB) remains a work in progress, says Maybank analyst Thilan Wickramasinghe.

Banking & finance

UOB prices US$600 mil subordinated notes due 2031

United Overseas Bank Limited (UOB) has priced US$600 million ($821.3 million) subordinated notes due March 2031 and callable March 2026.

Broker's Calls

General commerce, manufacturing loans still hit by sustained contractions: CGS-CIMB

Singapore’s banks are still experiencing broad-based business contraction, says CGS-CIMB, and while credit growth may pick up as GDP recovers, the end of moratoriums could deepen asset qu

Emerging Markets

Emerging Markets hit a Covid wall

Once one of the poorest and least developed regions of the world, Asian economies have exploded on the international stage in the 21st century to become some of the world’s most dynamic economies.

Broker's Calls

Local banks maintain credit resilience despite difficult second quarter

Like the deep roots of a mighty oak amid a ferocious storm, the strong capital reserves of Singapore’s banks should stabilise their credit position despite a harrowing 2Q20.

Results

UOB Kay Hian earnings more than double to $76 mil in 1H20

UOB Kay Hian, the brokerage arm under the UOB Group, has more than doubled its earnings in 1H20.

Broker's Calls

UOB FY20F earnings adjusted 5% down after weak 2Q20 performance: PhillipCapital

PhillipCapital is revising UOB’s FY2020F earnings down 5% to reflect business disruptions from Covid-19, as the bank posted 2Q2020 earnings 18% below previous estimates last week.

Broker's Calls

'Not yet shipshape', Singapore banks to face NIM squeeze, credit costs to taper off in 2H20: analysts

Singapore banks can expect lower net interest margins (NIMs) ahead though credit costs could ease in 2H2020.

Broker's Calls

Expect bottoming net interest margins, rising non-performing loans as banks shore up provisions: analysts

Provisions will stay high across Singapore’s banks as they face net interest margin (NIM) compression and see non-performing loans rise amid low interest rates, say analysts.

UOB posts 40% lower earnings of $703 mil in 2Q20; lowers dividend to 39 cents

Results

UOB posts 40% lower earnings of $703 mil in 2Q20; lowers dividend to 39 cents

United Overseas Bank (UOB) has reported earnings of $703 million for 2Q20 ended June, down 40% y-o-y, as it set aside some $379 million of allowances for non-impaired assets amid weaker macroeconom

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