United Overseas Bank

[winston]

Not vested

United Overseas Bank ST: the downside prevails as long as 18.7 is resistance <UOBH.SI>

Click here to see our chart:
http://www.tradingcentral.com/chart/UOB ... 020541.gif

18.7 is our pivot point.

Our preference: the downside prevails as long as 18.7 is resistance.

Alternative scenario: the upside breakout of 18.7 would call for 19.1 and 19.3.

Comment: the RSI is below 50. The MACD is below its signal line and negative.

The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day MA (standing respectively at 18.67 and 19.07).

Supports and resistances: 19.1 *18.7 **18.5 18.28 last 17.8 17.6 **17.4 *


Source: Reuters

[winston]

Not vested

RESEARCH ALERT-DMG ups UOB target to S$22, keeps "buy"

SINGAPORE, Nov 1 (Reuters) - DMG & Partners has raised its target price for Singapore's United Overseas Bank to S$22 from S$21.50, and kept a "buy" rating.

STATEMENT: DMG & Partners said it has raised its earnings forecasts for UOB in 2010 and 2011 by two percent each, after the bank reported third quarter net profit of S$688 million ($532.1 million), beating market expectations.

The broker is also optimistic about UOB's loan expansion, with housing loans likely to remain the key driver, as UOB's management indicated that the mortgage loan pipeline is still strong for the next 12 months.

UOB shares have fallen 5 percent so far this year to close at S$18.64 on Friday.


Source: Reuters

[winston]

Not vested

UNITED OVERSEAS BANK - United Overseas Bank , Singapore's third-largest lender, posted a better-than-expected 5.6 percent rise in quarterly profit but warned that Asia could be hit by a pullback in global liquidity and credit in coming months.


Source: Reuters

[winston]

not vested

United Overseas Bank may be in focus after the lender said on Wednesday it has increased its stake in Vietnam's Southern Commercial Joint Stock Bank to around 19.99 percent.

Source: Reuters

[iam802]

Below kumo. Bearish.

All 3 local banks are below kumo. Bearish.
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2011Sep-UOB-800x600.png

[mimosa]

The following was extracted from this blog

UOB buck the trend today and gained $0.14 to close at $15.83. The closing price is a doji candle touching the 40 MA and downtrend line. CCI is overbought. If the market is down tomorrow, this counter will be an ideal candidate to go short.

[winston]

not vested

UOB shares fell as much as 3.2 percent, the biggest intra-day drop since November, after the bank's fourth quarter net dropped 21 percent.

Source: Reuters

[winston]

not vested


UNITED OVERSEAS BANK LTD - UOB posted a better-than-expected 12 percent rise in quarterly profit on Wednesday, due to higher loan margins and fees and said it will pursue growth opportunities in the region.


Source: Reuters

[winston]

not vested

United Overseas Bank, the smallest of Singapore's three banking groups, on Wednesday posted an almost 36 percent rise in third-quarter net profit, helped by strong fee and commission income and trading gains.


Source: Reuters

[helios]

Worth buying this now ?