United Overseas Bank

[behappyalways]

UOB posts record high earnings of $4.34 bil in FY19 despite slowing q-o-q in fourth quarter
https://www.theedgesingapore.com/capita ... th-quarter

[behappyalways]

UOB posts 19% fall in 1Q20 earnings to $855 mil, doubles impairment charges due to 'weak macro conditions'
https://www.theedgesingapore.com/capita ... weak-macro

[behappyalways]

UOB posts 40% lower earnings of $703 mil in 2Q20; lowers dividend to 39 cents
https://www.theedgesingapore.com/capita ... d-39-cents

[winston]

not vested

United Overseas Bank Ltd (UOB SP) - Waiting for better days

Established in 1935, UOB has grown over the decades organically and through strategic acquisitions to become one of three leading banks in Singapore today.

Over the medium term, UOB targets to derive more revenues beyond Singapore and a cost-income ratio of ~43%.

UOB aims to further build on its strategic positioning to capture growth in Southeast Asia region and enhance its banking franchise.

Est. breakdown of its 2019 pretax income by region: Singapore 61%, Malaysia 11%, Greater China 10%, Thailand 5% & Indonesia 2%. BUY.

Source: OCBC

[behappyalways]

UOB reports 40% lower 3Q net earnings of $668 mil, shores up $339 mil of credit allowance for the quarter
https://www.theedgesingapore.com/capita ... ce-quarter

[winston]

vested

UNITED OVERSEAS BANK LTD (UOB SP)
Recommendation : BUY
Fair Value : SGD 26.30

RECOVERY PLAY.

Quick +20% share price gains since we reiterated our Buy call on 4th November 2020.

Raising our fair value further to SGD26.30 implying 1.2x price/book, reflecting a more positive growth outlook in FY21E.

Overall, we remain constructive on the financials sector and expect the recovery theme to gather strength over the course of the year, supported by progress in vaccines rollout, dividends normalization and a steepening yield curve.

Established in 1935, UOB has grown over the decades organically and through strategic acquisitions to become one of three leading banks in Singapore today.

Over the medium term, UOB targets to derive more revenues beyond Singapore and a cost-income ratio of ~43%.

UOB aims to further build on its strategic positioning to capture growth in Southeast Asia region and enhance its banking franchise. Est. breakdown of its 2019 pretax income by region: Singapore 61%, Malaysia 11%, Greater China 10%, Thailand 5% & Indonesia 2%.

Source: OCBC

[behappyalways]

UOB posts 33% lower FY20 earnings of $2.92 billion due to lower margins, reduced customer activities; declares final dividend of 39 cents
https://www.theedgesingapore.com/capita ... d-customer

[behappyalways]

UOB reports 46% q-o-q growth in net profit to $1 bil for 1Q21 on record fee income
https://www.theedgesingapore.com/news/r ... fee-income

[behappyalways]

UOB posts 43% higher earnings of $1.0 bil in 2Q21 with interim dividend of 60 cents per share
https://www.theedgesingapore.com/capita ... ents-share

[behappyalways]

UOB reports 57% higher earnings of $1.05 bil in 3QFY21 business update
https://www.theedgesingapore.com/capita ... ess-update