UOB

Buy these quality stocks on dips as the 'Great Singapore Sale' continues, says OCBC
SINGAPORE (Feb 7): With the latest surge in market volatility and resultant sell-offs, OCBC Investment Research is now declaring it the “Great Singapore Sale” for SGX-listed stocks upon viewing the current correction as a good opportunity to re-enter the market. “While risks of further weakness remain for the near term, there are still positive drivers for equities, and supported by ...
How tech is forcing Singapore's largest companies to adapt & evolve
SINGAPORE (Dec 22): The tech sector is now the largest in the MSCI Emerging Market and MSCI China indices. Yet, technology is posing a major challenge for many big companies, forcing them to adapt their business models in the face of disruption and venture into new fields. The local banks DBS Group Holdings, Oversea-Chinese Banking Corp and United Overseas Bank, for ...
How a 77-year-old Singapore CEO fixed a US$100 mil blunder
SINGAPORE (Dec 20): In 2015, Yao Hsiao Tung was 75 and looking to slow down. He’d begun seeking his successor as chief executive officer of Hi-P International Ltd., a contract manufacturer for customers including Apple Inc. and Amazon.com Inc. But an annual loss, and the US$126 million claim that Hi-P filed because of it, ended that plan. The self-professed troubleshooter attributes the ...
Wider net interest margins for Singapore banks in 2018: RHB
SINGAPORE (Dec 19): Singapore bank stocks have performed well in 2017, but RHB says this could be because banks typically perform well in periods of interest rate upcycle. Hence, RHB is maintaining a “neutral” recommendation on Singapore banks with a slight “overweight” bias. UOB is the research house’s preferred stock pick and only “buy” recommendation within its Singapore ...
Rise of cashless payments keeps Singapore's banking sector 'overweight'
SINGAPORE (Dec 1): UOB Kay Hian is maintaining Singapore’s banking sector on “overweight” as the recent boom in mobile payments is paving the way for Singapore to become a cashless society. The research house’s top “buy” local banks are DBS Group Holdings and Oversea-Chinese Banking Corp with target prices of $26.10 and $12.56 respectively. Singapore conducts huge volume of ...
Singapore's stock market finally getting some love again
SINGAPORE (Nov 10): Singapore’s stock market is finally getting some love again. With almost two months of the year to run, the Straits Times Index has already notched up its best annual performance since 2012 amid an economic recovery and a stronger currency. The city-state’s equity funds received some US$2 billion in 10 straight months of inflows, the most annually since 2007, ...
Analysts keep SIA at 'hold' as worries over weak yields linger
SINGAPORE (Nov 9): DBS Vickers Securities, CIMB Research, UOB Kay Hian and Maybank Kim Eng are maintaining their “hold” calls on Singapore Airlines (SIA) with higher price targets following the release of the carrier’s 2Q results on Tuesday. See: SIA's 2Q earnings nearly treble to $190 mil; declares 10 cents interim dividend In a Wednesday report, DBS analyst Paul Yong says weak yield ...
How to play a dual-track Singapore stock market
SINGAPORE (Oct 3): Daiwa sees two tracks developing on the Singapore stock market. One has developers and companies while the other has stocks exposed to domestic demand, tech disruption and government policy on the other. Daiwa says investors should take advantage of divergent outlooks within the sectors as upside to the STI remains limited. The research house has a new STI target of ...
Launch of fixed rate home loans an ominous sign for Singapore bank stocks
SINGAPORE (Sept 11): RHB says investors may have to temper their expectations that net interest margins is set to widen for all three Singapore banks. Last week, both UOB and HSBC launched three-year fixed rate home loan packages, joining DBS which already has a package in place. RHB says this is in response to recent market expectations of delays in the hiking of Fed funds rate (FFR) which ...
Stocks to stay volatile in Sept on geopolitics, central banks and lacklustre 2Q
SINGAPORE (Sept 6): DBS expects August’s market choppiness to continue into September over uncertainty policy actions over central banks, the risk of escalating geopolitical tensions in the Korean peninsula plus a lacklustre 2Q results season. “Near-term resistance for the Straits Times Index is around 3,320 with downside risk to 3,210 technical support. Below this, base support is at ...