CGS-CIMB downgrades Singapore banks on ‘harder days ahead’
CGS-CIMB downgraded Singapore’s bank sector to Neutral from Overweight, on expectations of “harder days ahead” for UOB, OCBC and DBS.
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Maybank KE: Singapore banks offer strong platforms to manage trade war risks
Despite the recent selloff Singapore banks’ shares amid trade tensions, the sector has “strong platforms” for responding to volatility, Maybank KimEng said.
UOB margins set to finally move higher: Maybank KimEng
UOB’s 1Q19 NIM disappointed, falling by 5 basis points, but it may finally begin to see positive momentum ahead, Maybank KimEng said in a note last week.
UOB expects to benefit from the US trade war with China
UOB expects to benefit from U.S.-Sino trade tensions, with companies set to diversify their supply chains into Southeast Asia, the bank said Wednesday.
OCBC: Time to lock in profits on UOB shares
OCBC downgraded shares of UOB to Hold from Buy, saying that after the stock’s around 13 percent year-to-date rally.
UPDATE: UOB reports 1Q19 net profit rose 8 percent on solid loan growth
UOB reported Friday its first quarter net profit rose 8 percent on-year to S$1.05 billion as strong loan growth offset a drop in its net interest margin.
UOB, SGX, CCOIC enter deal to help Chinese companies expand in Southeast Asia
UOB, SGX and the China Chamber of International Commerce said Sunday they signed a deal to help Chinese firms use Singapore as a base for expanding into Southeast Asia.
RHB: UOB set for higher net interest income
UOB’s NIM in the first quarter may be relatively flat on-quarter, but its net interest income is likely to grow, RHB said in a note this week.
Phillip Capital forecasts UOB to face softer NIM on funding pressure
UOB’s NIM may face pressure ahead as more expensive fixed deposits make up a greater portion of the bank’s funding mix, Phillip Capital said.
Maybank KE: UOB earnings growth driven by overseas loan book
UOB’s lagging net interest margins (NIMs) are set for an inflection point in the first quarter amid loan growth overseas and re-priced mortgages within Singapore,…
UOB prices US$600 million subordinated notes due 2029
UOB priced US$600 million of 3.75 percent subordinated notes due 2029 and callable in 2024, the bank said in an SGX filing Tuesday.
Nomura upgrades OCBC to Buy, sticks with Overweight call on Singapore banks
Nomura upgraded OCBC to Buy after the share’s recent correction, and stuck with an Overweight call on Singapore’s banks on low valuations.
UPDATE: Singapore stocks to watch Wednesday: UOB, Valuetronics, Cache Logistics Trust, CH Offshore
These are Singapore companies which may be in focus on Wednesday, 13 March 2019: UOB, Valuetronics, Cache Logistics Trust and CH Offshore.
UOB prices its first Panda bond, with 2 billion yuan offering meeting with strong demand
UOB’s first Panda bond met strong demand, with the three-year 2 billion yuan offering pricing at 3.49 percent, the Singapore bank said on Wednesday.
Daiwa: Singapore banks remain a haven despite 4Q18 earnings misses
Despite Singapore banks’ 4Q18 earnings missing forecasts, the shares remain a “store of value” amid economic uncertainty this year, Daiwa said Monday.
UPDATE: Singapore stocks to watch Friday: UOB, OCBC, Wilmar, Genting Singapore, Hi-P
These are Singapore companies which may be in focus on Friday, 22 February 2019: OCBC, UOB, Wilmar, Genting Singapore, Hi-P and Roxy-Pacific.
UPDATE: UOB 4Q18 net profit rises 7 percent, but misses some analyst forecasts
Singapore bank UOB reported on Friday 4Q18 net profit rose 7% on-year, on higher loan growth. The results missed some forecasts.
UOB 4Q18 earnings may outperform peers on lower China exposure
UOB may outperform its peers when it reports earnings Friday, benefiting from its lower exposure to China and wealth management, analysts said.
Singapore banks downgraded in Daiwa’s Singapore strategy
Daiwa downgraded Singapore banks to Neutral and deleted DBS from its portfolio as the investment bank positioned away from rate-sensitive plays.
UPDATE: UOB, Prudential renewed bancassurance deal in Southeast Asia
Singapore bank UOB said on Thursday that it renewed its bancassurance tie-up with Prudential Group for 15 years, with the insurer to pay the Singapore…
Singapore share buybacks Friday: UOB, Stamford Land, Olam, Perennial, Kimly
These are Singapore companies which announced share buybacks on Friday, 22 December 2018: UOB UOB said on Friday that it bought back 60,000 shares in…
Singapore share buybacks Thursday: UOB, OCBC, Venture, Keppel REIT, Kimly
These are Singapore companies which announced share buybacks on Thursday 20 December 2018: UOB UOB said on Thursday that it bought back 60,283 shares in…
UPDATE: Singapore share buybacks Wednesday: UOB, OCBC, Stamford Land, Venture
These are Singapore companies which announced share buybacks on Wednesday, 19 December 2018: UOB UOB said on Wednesday that it bought back 60,000 shares in…
Singapore share buybacks Tuesday: Keppel REIT, SATS, UOB, OCBC, Venture
These are Singapore companies which have announced share buybacks on Tuesday, 18 December 2018: Keppel REIT Keppel REIT said on Tuesday that it bought back…
UPDATE: Singapore share buybacks Monday: UOB, Keppel REIT, Venture, SingHaiyi, SingPost
These are Singapore companies which announced share buybacks on Monday, 17 December 2018: UOB UOB said on Monday that it bought back 60,000 shares in…
