UOB

UOB, OCBC to benefit from mortgage rate hikes this year, says DBS
SINGAPORE (Apr 2): DBS Vickers Securities is remaining bullish on Singapore’s banks as a dividend yield play, while highlighting rising mortgage rates as the sector’s bright spot amid higher cost of funds this year.   In a Tuesday report, analyst Lim Rui Wen says UOB will benefiting from hikes in mortgage rates in 1Q19, as it was the first to increase it Singdollar fixed deposit rates ...
Market valuations may be inexpensive but stay defensive: RHB
SINGAPORE (Jan 2): RHB Research prefers to stay selective and defensive amid growth uncertainties in 2019. The Straits Times Index (STI), down 12% in USD terms, could remain under pressure this year amid slowing GDP growth and an uncertain trade outlook due to China-US tensions. In a Wednesday report, analyst Shekhar Jaiswal says, “While 12.6x forward P/E and 4.2% dividend yield make the ...
Singaporeans love their banks but remains wary of other asset managers, finds survey
SINGAPORE (Sept 20): While a majority of Singaporeans view the city state’s financial services sector as more trustworthy than a decade ago, many are cautious towards less familiar sub-industries and new & emerging digital financial services companies. This is according to the inaugural 2018 Financial Services Reputation Index, launched today by MHP Communications and ORC International, ...
This 'interesting' 2Q earnings season could be UOB's chance to shine: DBS
SINGAPORE (July 19): DBS Vickers Securities expects an “interesting” 2Q18 earnings season with diverging trends across Singapore’s banks as they continue to spend on improving technology infrastructure, with some potential for slight upticks in personnel costs for salary revisions. While the research house has rated both UOB and OCBC at “hold” with target prices of $28.30 and $12.20, ...
Overseas investors like Singapore banks and tech firm Venture: CGS-CIMB
SINGAPORE (June 11): CGS-CIMB Securities is reiterating a number of its top stock picks across various sectors following its recent marketing trip to Tokyo and Hong Kong. There, the research house found that investors in indexed funds were generally “overweight” on Singapore banks and technology, mainly Venture Corp. The tech manufacturer is rated “add” by CGS-CIMB with a target price ...
Maybank positive on Singapore banks despite rising rates; UOB is its top pick
SINGAPORE (May 22): Maybank Kim Eng is remaining “positive” on Singapore’s banking sector in spite of rising fixed deposit (FD) rates as it continues to anticipate catalysts from NIM expansion, higher loan growth and fee income. The research house’s top “buy” pick is UOB, which has a target price of $32.88, for its pricing discipline and dividend upside potential. OCBC and DBS ...
StarHub fails to leave analysts star-struck after a dismal 1Q
SINGAPORE (May 4): Maybank Kim Eng and OCBC Investment Research UOB Kay Hian are maintaining their “hold” calls on StarHub with an unchanged price target and fair value estimate of $2.27 and $2.20, respectively, while UOB Kay Hian is reiterating its “sell” call on the stock with a target price of $2.25. This comes after the group on Thursday reported its first set of results under the ...
Sheng Siong downgraded by brokers after recent rally, but outlook remains positive
SINGAPORE (May 2): UOB and Phillip Capital are downgrading their calls on Sheng Siong Group from their previous “buy” calls to “hold” and “accumulate”, respectively, with target prices of $1.09 and $1.13 after the group’s recent stock price run-up  of around 10% over the last two months. Meanwhile, OCBC and Maybank continues to rate Sheng Siong at “buy” with a fair value ...
MAS to keep neutral policy stance unchanged in coming statement: RHB
SINGAPORE (Apr 4): RHB likes UOB given its strong balance sheet and year-to-date share price underperformance compared to the other two banks. Singapore interest rates have risen over the month of March. The three-month SIBOR recently rose to 1.51% from 1.37% while SGD fixed deposit rates from Singapore banks also rose 17-30 bps. This would be positive overall for the Net Interest ...
Y Ventures shares up as high as 75 cents; prompts SGX query
SINGAPORE (Feb 21): Y Ventures Group has been queried by the Singapore Exchange (SGX) for its “unusual price movements” after shares in the e-commerce company climbed as high as 75 cents on Wednesday morning, up 10.4% from its opening price of 68 cents. As at 3:43pm, shares in Y Ventures are trading 6.62% higher at 72 cents. In July 2017, it was reported by The Edge Singapore that Y ...