UOB
UOB is a bank in Asia that provides a wide range of financial services such as 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.
See below for the Latest UOB News, Analysis, Profit Results, Share Price Information, and Commentary.
STI gains 7% in six weeks, logs highest close since Aug 2023
STI gains 7% in six weeks, logs highest close since Aug 2023
Net institutional inflow boosted the index.
Experts caution on 2Q24 GDP growth after April manufacturing drop
Manufacturing output fell by 1.6% YoY in April.
DBS, UOB, and OCBC lead SG stocks with a $500m net institutional inflow
The trio averaged 15.6% total returns from 1 January to 23 May.
UOB, RHB keeps growth forecast unchanged following 2.7% GDP expansion in Q1
UOB sees economy growing 2.9% this year, while RHB's estimates at 2.5%.
NODX decline may persist in 2Q before recovery in 2H, experts warn
RHB expects NODX to decline by around 1.5% YoY.
UOB appoints Mark Tan as head of internal audit in Hong Kong
Tan will oversee all audit functions for UOB Hong Kong.
UOB grants 30,400 shares to eligible non-executive directors
The share awards are part of the directors’ remuneration for 2023.
Marina Bay Sands, UOB, and STB partner to boost Marina Bay precinct
It aims to elevate Marina Bay’s status as a top lifestyle and business hub.
LIST: Most valuable Singaporean brands of 2024
The top company has a brand value of US$11b.
UOB’s core net profit down 1% to S$1.6b in Q1 as interest income dips
Trading and investment income hit a record high, however.
UOB to maintain good asset quality amidst profitability dip
The bank is also expected to have a steady core capital ratio.
Why retail sales fell despite expected boost from Taylor Swift shows
Retail sales fell 1.0% MoM.
PMI slips to 50.5 in April
It dipped by 0.2 points from March.
Economists cut 1Q24 GDP forecast amid weak March manufacturing
Manufacturing output fell 3.2% YoY in March.
Low inflation in Singapore unlikely to hold in 2Q24
In March, inflation fell to 2.7%.
Export decline not tied to global demand, says expert
Non-oil domestic exports fell 20.7% YoY in March.
DBS, OCBC to see net profits dip, loan growth soften in Q1
“Softer NIM but resilient asset quality.”
Two of the largest banks in Singapore are expected to report a year-on-year (yoy) drop in net profits for the first quarter, although their asset quality will remain resilient according to UOB Kay Hian.
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