United Overseas Bank (UOB)

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.

IPO

United Hampshire US REIT starts roadshow

SINGAPORE (Jan 13): A second real estate investment trust has started a cornerstone roadshow this year.

Banking & finance

Analysts keep positive outlook on Singapore banks as applications for digital bank licences close

SINGAPORE (Jan 8): Analysts remain bullish on Singapore banks, even as the Monetary Authority of Singapore (MAS) announced Tuesday that it has received 21 applications for new digital bank licences

Singapore economy

Majority of Singapore SMEs not ready for impending GST increase, says UOB survey

SINGAPORE (Jan 7): Only four in 10 small- and medium-sized enterprises (SMEs) in Singapore have made plans to manage a planned increase in goods and services tax (GST) to 9%, according to a survey

Joint ventures and alliances

UOB to buy $360 mil of shares in Shandong's troubled Hengfeng Bank

SINGAPORE (Dec 18): United Overseas Bank has agreed to subscribe to RMB1.86 billion ($360 million) worth of shares in troubled Hengfeng Bank Co in China.

Broker's Calls

Singapore banks could see softer growth momentum ahead, analysts warn

SINGAPORE (Dec 2): Singapore banks could see weaker margins ahead from falling interest rates, but analysts say growth could be lifted by overall positive momentum.

Sustainability

UOB in financing tie-up to help power use of solar energy in Singapore

SINGAPORE (Nov 26): United Overseas Bank (UOB) is collaborating with three homegrown solar companies – SolarGy, SolarPVExchange and Sunseap Group – to accelerate the use of solar energy in Singapor

Global Economy

Briefs

SINGAPORE (Nov 18): “I think, from their perspectives, things only get serious when their kids can’t go to school, and they can’t get their lattes and go to yoga.”Unnamed fo

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