U11.SI - United Overseas Bank Limited
| Previous close | 21.60 |
| Open | 21.90 |
| Bid | 21.63 x 0 |
| Ask | 21.65 x 0 |
| Day's range | 21.41 - 22.20 |
| 52-week range | 17.28 - 27.02 |
| Volume | 5,790,400 |
| Avg. volume | 4,364,735 |
| Market cap | 36.11B |
| Beta (5Y monthly) | 1.06 |
| PE ratio (TTM) | 8.71 |
| EPS (TTM) | 2.48 |
| Earnings date | 06 Aug 2020 |
| Forward dividend & yield | 1.10 (5.09%) |
| Ex-dividend date | 15 Jun 2020 |
| 1y target est | 30.89 |
The Smart Investor3 Key Things Investors Should Know About UOB’s Latest Earnings Report
UOB is the second bank to set aside provisions for COVID-19.The post 3 Key Things Investors Should Know About UOB's Latest Earnings Report appeared first on The Smart Investor.
- Reuters
Singapore bank UOB's first-quarter profit falls to two-year low, raises impairment charges
Singapore's United Overseas Bank <UOBH.SI> reported a smaller-than-expected 19% drop in first-quarter net profit on Wednesday, but it increased impairment charges to reflect worsening economic conditions due to the coronavirus outbreak. UOB said its impairment charges rose to S$286 million in the three months to March 31 from S$93 million a year earlier and it booked an additional regulatory loss allowance reserve of S$260 million, up five times from a year ago.
- Reuters SG
SE Asia Stocks-Mixed as grim warnings for global economy offsets Chinese rate cut
* Indonesia top loser, down 1.7% * Philippines hits highest close in over a month, up nearly 3% * Drop in oil prices pressuring Thai energy sector - analyst By Arundhati Dutta April 15 (Reuters) - Southeast Asian stocks ended mixed on Wednesday, with losses led by Indonesia and Thailand, as warnings of a global recession and a sharp decline in oil prices offset a key interest rate cut by the Chinese central bank. The global economy is expected to shrink by 3.0% this year in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the Great Depression, the International Monetary Fund said on Tuesday.
- Reuters SG
SE Asia Stocks-Rise as China data tops expectations, Philippines surges 3%
* The Philippines leads gains, up 3% * Indonesia c.bank cuts RRR, holds rates * China March exports fall 6.6% y/y By Arundhati Dutta April 14 (Reuters) - Southeast Asian stock markets rose on Tuesday on better-than-expected trade data from China and signs of the coronavirus outbreak peaking in certain hotspots. Data from China, the region's biggest trading partner, showed that exports fell 6.6% in March compared with a year earlier, less than analysts' estimate of a 14% plunge. Big caps Ayala Corp and Bank of the Philippine Islands rose 8.3% and 5.2%, respectively.
- Reuters
SE Asia Stocks-Climb in thin trade on signs of pandemic peaking
* Singapore, Philippines up over 2% * Indonesia c.bank may stay on hold - poll By Arundhati Dutta April 14 (Reuters) - Southeast Asian markets rose in thin trade on Tuesday, tracking broader equities on signs of the coronavirus pandemic peaking, amid high caution ahead of Chinese trade data and an uncertain U.S. earnings season. Singaporean stocks advanced up to 2.4%, hitting their highest level in a month. Heavyweight financials United Overseas Bank Ltd and DBS Group Group Holdings Ltd rose over 2%, each.
- Reuters SG
SE Asia Stocks-Vietnam leads gains as markets end higher on hopes of pandemic peaking
* Vietnam up for seventh session * Indonesia recovers from early losses, closes up * Philippines closed for a holiday By Arundhati Dutta April 9 (Reuters) - Southeast Asian stock markets tracked global equities to close higher on Thursday, with gains led by Vietnamese stocks, as investor sentiment was boosted by hopes of the coronavirus pandemic peaking and stimulus efforts by governments. Aiding sentiment, Wall Street notched firm gains overnight after New York's governor said social distancing measures are working to keep the pandemic under control in the hard-hit state.
- Reuters SG
SE Asia Stocks-Most markets track Wall Street rise on hopes of pandemic peaking
* Expected oil output cut boosts Thai energy stocks * Vietnam up for seventh session * Indonesia sole loser, Philippines market on holiday By Arundhati Dutta April 9 (Reuters) - Most Southeast Asian stock markets rose on Thursday, tracking an upbeat session on Wall Street, as hopes for the coronavirus outbreak nearing its peak rose, while expectations of a cut in oil output pushed the energy-heavy Thai index higher. New York Governor Andrew Cuomo said on Wednesday the state's efforts at social distancing are working to get the pandemic under control, while U.S. President Donald Trump said he would like to reopen the U.S. economy with a "big bang". Energy stocks rose in tandem with crude futures on expectations that the world's largest oil producers would agree to cut production at a meeting later in the day.
- Reuters SG
SE Asia Stocks-Most markets track Wall Street, Asian stocks higher as virus deaths slow
* Thailand leads gains in Southeast Asia * Philippines extends gains to third session * Indonesia falls as financials weigh By Arundhati Dutta April 7 (Reuters) - Most Southeast Asian stock markets tracked Wall Street and Asian equities higher on Tuesday, with Thailand rising the most, although gains were capped following a spike in infections due to the coronavirus in the region. As the number of daily deaths in New York steadied and fatalities slowed across western Europe, all three U.S. main indexes closed more than 7% higher on Monday, lifting Asian equities to their second straight day of gains on Tuesday.
- Reuters
SE Asia Stocks-Markets track global equities higher as virus slows
* Vietnam rises as much a 3.7% * Indonesia up for 3rd session, hits 3-wk high By Arundhati Dutta April 6 (Reuters) - Southeast Asian stock markets inched higher on Monday, tracking global equities that gained due to a slowdown in coronavirus-related deaths and new infections. Australia's benchmark index rose 0.5%, Japan's Nikkei gained 0.2% and South Korea's KOSPI index climbed 1.4%, while MSCI's broadest index of Asian shares outside of Japan edged up 0.1% Aiding sentiment further, U.S. stock futures gained more than 1.5% in early Asian trading after U.S. President Donald Trump expressed hope the country was seeing a "levelling off" of the coronavirus crisis.
- Reuters SG
Moody's cuts outlook for Singapore banks on coronavirus fallout
Moody's downgraded the outlook for Singapore's banking sector to "negative" from "stable", citing risks of rising bad loans and deteriorating profitability due to an economic slowdown and a decline in interest rates amid the coronavirus outbreak. "Credit costs will rise as asset quality worsens, while interest rates will decline due to monetary easing, weighing on net interest margins," the ratings agency said in a report on Thursday. Singapore's three main lenders, DBS Group Holdings Ltd , Oversea-Chinese Banking Corp Ltd and United Overseas Bank Ltd had forecast muted earnings growth for 2020 even before the virus outbreak.
- Reuters
SE Asia Stocks-Singapore, Philippines track Wall Street lower; Malaysia rises
* Malaysia says virus infection curve flattening * Singapore falls for second straight day By Arundhati Dutta April 2 (Reuters) - Markets in Singapore and the Philippines fell on Thursday, tracking their peers in the United States on persisting fears about the coronavirus' spread and a recession, while Malaysian shares rose on reports of a slowing rate of new infections. "Difficult days are ahead for our nation," Trump told reporters at the White House on Wednesday. In Singapore, the benchmark index fell for a second straight day, losing up to 2%.
- Reuters
SE Asia Stocks-Most end lower as virus anxiety weighs; Malaysia leads fall
* Indonesia reverses course, ends 1.6% down * Malaysia posts biggest intraday drop in over a week * Thailand dragged by financials By Arundhati Dutta April 1 (Reuters) - Most Southeast Asian markets ended lower on Wednesday as anxiety about the spreading coronavirus and a looming global recession prevailed over regional government efforts to cushion their economies from the pandemic. PT Bank Central Asia Tbk shed 0.8%.
- Reuters SG
SE Asia Stocks-Drop on coronavirus jitters; Singapore eases monetary policy sharply
* Singapore c.bank eases monetary policy aggressively * Malaysia warns of surge in coronavirus cases in mid-April * Indonesia faces calls to tighten movement restrictions By Arundhati Dutta March 30 (Reuters) - Southeast Asian stock markets dropped on Monday as worries over a severe economic damage in the region following a rise in new coronavirus cases outweighed central banks' efforts to calm investor nerves through aggressive policy easing. The number of fresh cases and deaths rose in several countries in the region, with Malaysia warning of a surge in the number of cases in mid-April.
- Reuters
RPT-Banks accuse Singapore commodity trader Agritrade of "massive" fraud
At least 20 banks facing losses running into hundreds of millions of dollars from the collapse of Singapore-based Agritrade International Pte Ltd (AIPL) have accused the commodity trader of fraud, court documents show. Singapore's High Court appointed an interim judicial manager for the firm last month after rejecting its request for a debt moratorium on $1.55 billion in outstanding liabilities to dozens of creditors, including $983 million owed to secured lenders. The banks have filed cases in Singapore's high court to recover their money and allege fraud at AIPL, with Singapore's United Overseas Bank (UOB) and Malaysia's Maybank owed nearly $108 million each, documents show.
- Reuters
Banks accuse Singapore commodity trader Agritrade of "massive" fraud
At least 20 banks facing losses running into hundreds of millions of dollars from the collapse of Singapore-based Agritrade International Pte Ltd (AIPL) have accused the commodity trader of fraud, court documents show. Singapore's High Court appointed an interim judicial manager for the firm last month after rejecting its request for a debt moratorium on $1.55 billion in outstanding liabilities to dozens of creditors, including $983 million owed to secured lenders. The banks have filed cases in Singapore's high court to recover their money and allege fraud at AIPL, with Singapore's United Overseas Bank (UOB) and Malaysia's Maybank owed nearly $108 million each, documents show.
- Reuters
SE Asia Stocks-Fall as Fed rate cut fails to calm nerves over virus impact
* Fed cuts interest rates by 50 bps * Financials in Singapore, Thailand drop * Indonesia up on hopes of more stimulus By Shruti Sonal March 4 (Reuters) - Most Southeast Asian stock markets slipped on Wednesday, tracking Wall Street as a surprise rate cut by the U.S. Federal Reserve failed to allay fears over the coronavirus's impact, while dismal China economic data dented sentiment as well. The Fed lowered interest rates by 50 basis points on Tuesday, its first out of cycle cut since 2008 at the height of the financial crisis, in a bid to shield the world's largest economy from the impact of the virus.
- Reuters
Singapore bank OCBC sees virus trimming revenue by 2% this year
Oversea-Chinese Banking Corp flagged on Friday a 2% hit to annual revenue from the coronavirus outbreak, following in the footsteps of larger peer DBS Group and signalling Singapore lenders may find it tough to keep growing robustly. The epidemic, which has claimed over 2,100 lives in China and infected hundreds in dozens of other countries, has rattled markets and raised concerns about its impact on economic growth due to supply chain disruptions and weak consumer spending. "On the revenue side, we may see a 2% reduction as compared to what we would have seen under a normal situation," Samuel Tsien, Chief Executive of OCBC, Singapore's second-largest bank, told reporters in a conference call, adding that overall revenue would rise this year.
- Reuters
SE Asia Stocks-Thailand, Singapore drop as virus cases outside China jump
* Indonesia c.bank cuts rates, lowers 2020 growth forecast * Thailand hits over 3-yr closing low By Arundhati Dutta Feb 20 (Reuters) - Shares in coronavirus-hit economies of Singapore and Thailand lost footing on Thursday as a sharp jump in infections outside mainland China overshadowed Beijing's widely-anticipated interest rate cut. China on Thursday reported a sharp drop in new virus cases, however, infections in South Korea jumped, two deaths were recorded in Japan and research showed that the pathogen was more contagious than previously believed. Thai shares fell 1% to a more than three-year low, with Airports of Thailand, the top drag on the index, slumping 4.8% after flagging a 5% decline in its full-year revenue due to the impact of the virus.
- Reuters SG
SE Asia Stocks-Singapore, Thai lead declines as investors weigh virus impact
* China cuts benchmark interest rate to support virus-hit economy * Thai index at lowest since Nov 2016 * Indonesia and Malaysia stocks trade flat By Arundhati Dutta Feb 20 (Reuters) - Stocks in Thailand and Singapore led declines in Southeast Asia on Thursday amid concerns that the coronavirus epidemic is yet to be contained and over its economic impact, despite Chinese stimulus measures to cushion the strain of the outbreak. Economies of Singapore and Thailand have suffered from the epidemic, with Singapore lowering its 2020 growth forecast and Thailand flagging a slump in tourist numbers this year.
- Reuters
SE Asia Stocks-Most rise as new virus cases fall; Thailand lower
* Singapore snaps 4-session losing streak * Thailand 2020 GDP growth to be lower than forecast - c.bank * Indonesia up for 3rd straight session By Arundhati Dutta Feb 19 (Reuters) - Most Southeast Asian stock markets rose on Wednesday as the rate of new coronavirus infections in China slowed, while Thailand fell after its central bank projected a bleak outlook for economic growth this year. Chinese authorities reported the lowest daily rise in new virus cases since Jan. 29 on Wednesday, as the number of new infections fell for a second straight day.
- Reuters SG
SE Asia Stocks-Most markets climb as virus spread slows; Singapore leads
* Sentiment remains fragile due to worries about coronavirus * Singapore set to snap four-day losing streak * Indonesia extends gains for a third straight session * Vietnam expects to export 6.75 mln tonnes of rice in 2020 By Arundhati Dutta Feb 19 (Reuters) - Most Southeast Asian stock markets inched higher on Wednesday, with Singapore leading the pack, as a slight decline in the number of new coronavirus cases lifted risk appetite. Investors are also holding on to hopes that China - the region's largest trading partner - would roll out more stimulus to support its virus-hit economy, especially for a cut in its benchmark loan prime rate due to be announced on Thursday. The number of new virus cases fell for a second straight day, even as the death toll in mainland China crossed 2,000 on Wednesday.
- Reuters SG
SE Asia Stocks-Most markets slip after Apple warns on coronavirus impact
* Thailand down 0.9%, top loser * Singapore unveils $4.5 bln package * Vietnam falls for third session By Arundhati Dutta Feb 18 (Reuters) - Most Southeast Asian stock markets fell on Tuesday, after Apple Inc said it was unlikely to meet its March-quarter sales guidance as the coronavirus outbreak slowed production and weakened demand in China. Shares in Thailand fell 0.9%, even after the central bank governor said the government's support measures and the passage of a delayed budget bill would help ease the economic blow from the coronavirus. Singapore also announced financial packages worth around $4.5 billion to help contain the outbreak and weather its economic impact.
- Reuters SG
SE Asia Stocks-Singapore, Thailand jump 1% as new virus cases fall; Malaysia down
* Malaysia Q4 GDP growth slows to decade-low * Indonesia hits over 1-wk low * Singapore leads gainers, up over 1.4% By Arundhati Dutta Feb 12 (Reuters) - Singapore and Thailand stocks rose over 1% on Wednesday on hopes that the worst of the coronavirus outbreak in China might be over, while Malaysia shares fell as data showed its fourth-quarter economic growth had slumped to a decade-low. Singaporean shares closed 1.5% higher, with heavyweight financial stocks United Overseas Bank and DBS Group Holdings gaining more than 1%. Malaysian equities slipped 0.6% after data showed southeast Asia's third-largest economy grew 3.6% in October-December from the same period a year earlier, prompting the central bank to signal 'ample room' for rate cuts.
- Reuters
Singapore's UOB allocates $2.2 billion for companies impacted by coronavirus
Singapore lender United Overseas Bank (UOB) said on Wednesday it has allocated S$3 billion ($2.16 billion) to companies in the city-state as relief assistance to help tide them over during the coronavirus outbreak. "In the face of the likely economic fallout and its impact on industries and businesses, UOB sees the need to help its corporate clients, in particular the SMEs (small-and-medium enterprises), in addressing their near-term liquidity needs," it said in a statement.
- Reuters
SE Asia Stocks-Most rise as new virus cases slow; Thailand falls
* Indonesia Dec retail sales fall 0.5% y/y * Malaysia trade deficit narrows to 6-month low in Dec * Singapore visitor numbers to drop by 25-30% in 2020 By Arundhati Dutta Feb 11 (Reuters) - Most Southeast Asian stock markets rose on Tuesday as the number of new coronavirus cases slowed in China, but a rising death toll prompted concerns over how soon Chinese factories could return to work and kept gains in check. The death toll from the coronavirus outbreak in China soared past 1000 on Tuesday and the number of confirmed cases on the mainland was 2,478 on Monday, down from 3,062 the previous day, bringing the total to 42,638. "While some factories are targeted to resume production this week, it could be challenging as the increasing municipal lockdowns hinder migrant workers from returning to work," said Nathan Chow, economist at DBS Group Research, in a note.
