Straits Times Index
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United Overseas Bank Limited (U11.SI)
| Previous close | 24.68 |
| Open | 24.68 |
| Bid | 25.08 x 0 |
| Ask | 25.09 x 0 |
| Day's range | 24.68 - 25.15 |
| 52-week range | 17.28 - 25.15 |
| Volume | 2,572,300 |
| Avg. volume | 2,647,463 |
| Market cap | 41.87B |
| Beta (5Y monthly) | 0.98 |
| PE ratio (TTM) | 14.93 |
| EPS (TTM) | 1.68 |
| Earnings date | 25 Feb 2021 |
| Forward dividend & yield | 0.78 (3.16%) |
| Ex-dividend date | 06 May 2021 |
| 1y target est | 30.89 |
- Reuters SG
UPDATE 1-Singapore bank UOB eyes lower credit costs, Q4 profit falls 32%
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.
- Reuters SG
UPDATE 3-Singapore bank OCBC signals recovery as credit costs ease
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.
- Reuters SG
UPDATE 3-DBS flags pick-up in growth led by wealth management, stable credit costs
Singapore bank DBS Grouppainted an optimistic picture for 2021 as apandemic-induced slowdown gives way to an improved businessperformance, driven by wealth management, while credit costsdecline as government moratorium programs come to an end. On Wednesday, Southeast Asia's biggest lender reported a 33%drop in net profit for the quarter ended December as benchmarkinterest rates plunged to historic lows and crimped margins,contributing to a 26% fall in full-year profit. Analysts expect strong revenue from the wealth business todrive a rebound in Singapore banks' full-year profit, withbetter economic prospects also expected to cushion the impact ontheir interest margins hovering near record lows.
