CGS-CIMB downgraded Singapore’s bank sector to Neutral from Overweight, on expectations of “harder days ahead” for UOB, OCBC and DBS.
Despite the recent selloff Singapore banks’ shares amid trade tensions, the sector has “strong platforms” for responding to volatility, Maybank KimEng said.
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 U.S.-Sino trade tensions, with companies set to diversify their supply chains into Southeast Asia, the bank said Wednesday.
OCBC downgraded shares of UOB to Hold from Buy, saying that after the stock’s around 13 percent year-to-date rally.
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 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.
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.
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.
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 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 upgraded OCBC to Buy after the share’s recent correction, and stuck with an Overweight call on Singapore’s banks on low valuations.
These are Singapore companies which may be in focus on Wednesday, 13 March 2019: UOB, Valuetronics, Cache Logistics Trust and CH Offshore.
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.
Despite Singapore banks’ 4Q18 earnings missing forecasts, the shares remain a “store of value” amid economic uncertainty this year, Daiwa said Monday.
These are Singapore companies which may be in focus on Friday, 22 February 2019: OCBC, UOB, Wilmar, Genting Singapore, Hi-P and Roxy-Pacific.
Singapore bank UOB reported on Friday 4Q18 net profit rose 7% on-year, on higher loan growth. The results missed some forecasts.
UOB may outperform its peers when it reports earnings Friday, benefiting from its lower exposure to China and wealth management, analysts said.
Daiwa downgraded Singapore banks to Neutral and deleted DBS from its portfolio as the investment bank positioned away from rate-sensitive plays.
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…
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…
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…
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…
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…
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…