|Bid||26.94 x 0|
|Ask||26.95 x 0|
|Day's range||26.83 - 27.37|
|52-week range||16.65 - 27.47|
|Beta (5Y monthly)||1.12|
|PE ratio (TTM)||14.52|
|Earnings date||29 Apr 2021|
|Forward dividend & yield||0.72 (2.66%)|
|Ex-dividend date||07 Apr 2021|
|1y target est||30.14|
Malaysia's largest electricity utility, Tenaga Nasional Bhd (TNB), and Singapore-based solar firm Sunseap Group announced on Tuesday they are forming a joint venture to trial clean electricity imports into Singapore from Malaysia. The partnership will import 100 megawatt (MW) of electricity to be generated from renewable energy sources, TNB and Sunseap said in a joint statement, which did not give any financial details.
United Overseas Bank Ltd reported a 32% fall in quarterly profit as Singapore's smallest listed bank said its net interest income declined and credit losses swelled. Just like its larger peers OCBC and DBS, UOB said on Thursday it expects credit costs to ease this year as government moratorium programmes launched at the start of the pandemic come to an end. UOB CEO Wee Ee Cheong said the bank would rebalance its business to focus on wealth management services, with net interest margins expected to stay low.
Singapore's second-biggestlisted bank, Oversea-Chinese Banking Corp Ltd, flaggedan improvement in its business outlook after full-year profitfell 26% in pandemic-hit markets. "OCBC is well positioned for recovery," said Kevin Kwek, asenior analyst at Stanford C. Bernstein. Analysts expect profits to rebound at Singapore banks onsustained growth in wealth-management businesses.