United Overseas Bank Ltd.

United Overseas Bank is bank in Asia with a network of offices in 19 countries and territories in Asia Pacific, Western Europe and North America. Co. provides a range of financial services including personal financial services, private banking, business banking, commercial and corporate banking, transaction banking, investment banking, corporate finance, capital market activities, treasury services, brokerage and clearing services, asset management, venture capital management and insurance. Co. operates within three main operating segments: Group Retail, Group Wholesale, and Global Markets and Investment Management. As of Dec 31 2014, Co. had total assets of S$306.74 billion.
  • TickerU11
  • ISINSG1M31001969
  • ExchangeSingapore Exchange
  • SectorBanks
  • CountrySingapore

Analysts

UOB
Jonathan Koh

Banking - 3Q19 Round-up: Strong growth in non-interest income

Results were slightly above expectations across the board due to growth in non-interest income. Banks benefitted from strong growth in wealth management fees (DBS: +22% yoy, UOB: +38% yoy) and net trading income (DBS: +22% yoy, UOB: +22% yoy). Successful conclusion of a “phase one” trade deal between the US and China is a positive catalyst as it reduces uncertainties and improves business sentiment. Maintain OVERWEIGHT. BUY DBS (Target: S$30.00) and OCBC (Target: S$14.45).

UOB
John Cheong Ming Chern ...
  • Jonathan Koh
  • Joohijit Kaur Jaztar Singh
  • K Ajith
  • Lucas Teng Yao Yang

Singapore Daily - Tuesday, November 12, 2019

KEY HIGHLIGHTS Sector Banking: 3Q19 round-up: Strong growth in non-interest income. Results DBS Group Holdings (DBS SP/BUY/S$26.64/Target: S$30.00): 3Q19: Strong non-interest income. ST Engineering (STE SP/BUY/S$4.00/Target: S$4.32): 3Q19: Weak margins, but likely improvement in coming quarters. Small/Mid Cap Highlights Overseas Education (OEL SP/BUY/S$0.285/Target: S$0.46): 3Q19: Results in line; margin expansion from cost savings. Singapore Medical Group (SMG SP/BUY/S$0.335/Target: S$0.43): 3Q19: In line; patience needed for now. TRADERS’ CORNER Hi-P International (HIP SP): Trading Sell Sem...

Salikin Siti

United Overseas Bank Limited

Salikin Siti

United Overseas Bank Limited

Salikin Siti

United Overseas Bank Limited

Moody's assigns (P)Baa1 to UOB's Additional Tier 1 capital securities component of EMTN programme

Singapore, February 21, 2017-- Moody's Investors Service has assigned Baa1 rating to the perpetual capital securities component of the existing S $15 billion Euro Medium Term Note Programme of United Overseas Bank Limited. Moody's had previously assigned a Aa1 rating to the senior unsecured component, a A3 rating to the subordinated component, and a Prime-1 rating to the short-term component of the EMTN programme. The terms and conditions of the capital securities...

Moody's assigns A3(hyb) to UOB's SGD contractual non-viability subordinated securities

Singapore, February 20, 2017-- Moody's Investors Service, has assigned an A3 local currency subordinated debt rating to United Overseas Bank Limited's planned SGD subordinated notes. The notes will be issued pursuant to UOB's SGD15 billion Euro medium term note program. The size of the transaction, as well as the coupon rate, are yet to be determined by the issuer.

UOB
John Cheong Ming Chern ...
  • Jonathan Koh
  • Joohijit Kaur Jaztar Singh
  • K Ajith
  • Lucas Teng Yao Yang

Singapore Daily - Tuesday, November 12, 2019

KEY HIGHLIGHTS Sector Banking: 3Q19 round-up: Strong growth in non-interest income. Results DBS Group Holdings (DBS SP/BUY/S$26.64/Target: S$30.00): 3Q19: Strong non-interest income. ST Engineering (STE SP/BUY/S$4.00/Target: S$4.32): 3Q19: Weak margins, but likely improvement in coming quarters. Small/Mid Cap Highlights Overseas Education (OEL SP/BUY/S$0.285/Target: S$0.46): 3Q19: Results in line; margin expansion from cost savings. Singapore Medical Group (SMG SP/BUY/S$0.335/Target: S$0.43): 3Q19: In line; patience needed for now. TRADERS’ CORNER Hi-P International (HIP SP): Trading Sell Sem...

Salikin Siti

United Overseas Bank Limited

Salikin Siti

United Overseas Bank Limited

Salikin Siti

United Overseas Bank Limited

UOB
Carol Dou Xiao Qin ...
  • Chong Lee Len
  • Ivy Xu Da
  • Jacquelyn Yow Hui Li
  • Jason Wong Chun Sang
  • Jie Ying Chloe Tan
  • Jonathan Koh
  • Julia Pan Mengyao
  • Kong Ho Meng
  • Leow Huey Chuen
  • Loke Pei Hao
  • Malaysia Research Team
  • Michael Cheung Ho Bun
  • Oscar Jiang
  • Robin Yuen
  • Singapore Research Team
  • Stevanus Juanda
  • Thailand Research Team
  • Thananchai Jittanoon
  • Vincent Khoo Boo Aik

Regional Morning Notes - Monday, November 4, 2019

REGIONAL Sector Plantation: CPO price is trending up and likely to sustain as supply in 2020 could be lower due to more severe-than-expected dryness and fertiliser reduction. Upgrade to OVERWEIGHT. GREATER CHINA Initiate Coverage Weimob (2013 HK/BUY/HK$3.53/Target: HK$6.20): Top SaaS performer in decentralised e-commerce, aided by strong targeted marketing growth. Results Alibaba Group (BABA US/BUY/US$176.67/Target: US$220.00): 2QFY20: Solid beat on strong top-line growth and disciplined cost control. Midea (000333 SZ/BUY/Rmb58.89/Target: Rmb61.00): 3Q19: Earnings beat on margin expa...

1 director bought

A director at United Overseas Bank Ltd bought 25,000 shares at 23.557SGD and the significance rating of the trade was 60/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The na...

With a more favourable environment, UNITED OVERSEAS BK.LTD. improves to Slightly Positive

UNITED OVERSEAS BK.LTD. (SG), a company active in the Money Center Banks industry, is favoured by a more supportive environment. The independent financial analyst theScreener has confirmed the fundamental rating of the title, which shows 3 out of 4 stars, as well as its unchanged, moderately risky market behaviour. The title leverages a more favourable environment and raises its general evaluation to Slightly Positive. As of the analysis date October 1, 2019, the closing price was SGD 25.90 and its potential was estimated at SGD 28.11.

Rudziah Siti

United Overseas Bank

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Rudziah Siti

United Overseas Bank

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Rudziah Siti

United Overseas Bank

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Rudziah Siti

United Overseas Bank

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UOB
Jonathan Koh

Banking - 3Q19 Round-up: Strong growth in non-interest income

Results were slightly above expectations across the board due to growth in non-interest income. Banks benefitted from strong growth in wealth management fees (DBS: +22% yoy, UOB: +38% yoy) and net trading income (DBS: +22% yoy, UOB: +22% yoy). Successful conclusion of a “phase one” trade deal between the US and China is a positive catalyst as it reduces uncertainties and improves business sentiment. Maintain OVERWEIGHT. BUY DBS (Target: S$30.00) and OCBC (Target: S$14.45).

MarketLine Department

Maybank Kim Eng Holdings Ltd - Strategy, SWOT and Corporate Finance Report

Summary Maybank Kim Eng Holdings Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Maybank Kim Eng Holdings Ltd (MKEH), a subsidiary of Malayan Banking Berhad, is an investment holding company. It offers an array of financial solutions in the areas of investment banking, corporate finance, equity capital markets, debt markets, strategic advisory, retail dealing...

MarketLine Department

Oversea-Chinese Banking Corp Ltd - Strategy, SWOT and Corporate Finance Report

Summary Oversea-Chinese Banking Corp Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights Oversea-Chinese Banking Corp Ltd (OCBC) provides a range of retail and commercial banking, wealth management, insurance, and other financial solutions to individual customers, government agencies, financial institutions, and corporate and SMEs. It offers deposit services, car...

MarketLine Department

DBS Group Holdings Ltd - Strategy, SWOT and Corporate Finance Report

Summary DBS Group Holdings Ltd - Strategy, SWOT and Corporate Finance Report, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. KeyHighlights DBS Group Holdings Ltd (DBS), through its principal subsidiary, DBS Bank Ltd (DBS Bank), offers a range of banking and financial solutions that include current, savings, multi-currency, and business accounts; debit and credit cards; fixed deposits; and home, personal, business, car, ed...

UOB
Jonathan Koh

Banking - 1Q19 Round-up: strong start; earnings up 8-11% yoy despite high base

2019 got off to a strong start with banks reporting earnings growth of 8-11% yoy despite the high base in 1Q18. Hikes in mortgage rates helped DBS and OCBC achieve NIM expansion of 1bp (underlying: 5bp) and 4bp qoq respectively. Banks benefitted from strong net trading income. Asset quality remains stable, while CET-1 CARs were resilient at about 14%. Maintain OVERWEIGHT. BUY DBS and OCBC.

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