Welcome!
United Overseas Banks (UOB)
Broker's Calls
Analysts mixed on S’pore banks amid impending rate cuts, DBS named top pick
CLSA maintains their “overweight” call, while RHB remains “neutral”.
17 days ago
Banking & finance
Declining interest rates will take a huge part of UOB's growth engines, but volumes will pick up: CFO Lee
The bank expects 10 rate cuts to happen from now until 2026, and is targeting an ROE of 14%.
29 days ago
Broker's Calls
Dividends continue to steal the spotlight in Singapore banks, says DBS
UOB is likely to achieve better NIM improvement than it peers on a q-o-q basis, says the brokerage.
July 30, 2024
Broker's Calls
RHB increases UOB’s TP to $32 following meeting with bank’s management
In 2QFY2024, the RHB team sees “mixed” trends.
July 23, 2024
Banking & finance
UOB and South Korea’s Woori Card to team up in reciprocal card partnership
The “groundbreaking” partnership will see cardholders from both companies enjoy card privileges from the other.
July 17, 2024
Broker's Calls
Bloomberg Intelligence: credit card operations to remain Singapore banks’ strength in the second half
UOB could see the biggest y-o-y growth in credit cards' contribution to total fee income in 2024 locally, says Bloomberg's Kwok.
July 03, 2024
Broker's Calls
CGS International keeps ‘add’ call on UOB with unchanged TP following the bank’s recent visit to KL
The brokerage hosted UOB’s management in KL and noted that investors remained “fairly confident” in the bank’s medium-term outlook
June 21, 2024
Broker's Calls
DBS upgrades UOB to 'buy' from 'hold', along with higher target price of $34.50
'We believe there is further earnings upside and the share price will be well supported by its strong provisions buffer of 101%'
April 23, 2024
Anti-money laundering
MAS launches information-sharing platform to combat financial crime; six commercial banks participate
The platform, named COSMIC, allows FIs to share customer information if there are “red flag” behaviours.
April 01, 2024
Banking & finance
DBS on track to hit $10 billion target but challenges lie ahead, especially from geopolitics
Still, DBS is expected to maintain FY2023’s record performance in FY2024.
November 08, 2023