|Bid||0.63 x 0|
|Ask||0.64 x 0|
|Day's range||0.63 - 0.65|
|52-week range||0.61 - 1.12|
|Beta (3Y Monthly)||0.31|
|PE ratio (TTM)||10.49|
|Forward dividend & yield||0.04 (5.99%)|
|1y target est||0.93|
The Federal Open Market Committee (FOMC) raised the US federal funds rate (FFR) by 25 basis points (bps) on 26 Sep-2018, and indicated the possibility of another FFR hike in December with three more to follow next year. Historically, there is a positive correlation between FFR and 3-month SIBOR, which has also risen to an average of 1.63% in 3Q18 from 1.51% in the prior quarter representing a 12 bps q-o-q increment. This will help to widen the 3Q18 net interest margin for United Overseas Bank (UOB). Furthermore, healthy sales in recent property launches indicated that the Government’s property cooling measures in early July might have limited impact on mortgage growth. Meanwhile, UOB pressed on with its plans for a digital bank, which we believed will be positive for its long-term growth as we await more implementation details. Maintain BUY. RHB Research (28 Sep)
What does Valuetronics Holdings Limited's (SGX:BN2) management think about the Internet of Things trend?
“In the short run, the market is a voting machine but in the long run, it is a weighing machine.” – Benjamin Graham
The most recent earnings announcement Valuetronics Holdings Limited’s (SGX:BN2) released in March 2018 confirmed that the business benefited from a strong tailwind, leading to a double-digit earnings growth of 32.88%.Read More...