United Overseas Bank Limited (UOB)

Broker's Calls

Analysts mostly keep estimates on UOB after 2QFY2024 core net profit stood within expectations

Analysts have all kept their "buy", "hold" and "sell" calls after UOB's 2QFY2024 results.

Digital Economy

MAS, banks and tech companies to jointly work on quantum security

MAS and participating banks will experiment with Quantum Key Distribution (QKD) solutions jointly provided by SPTel and SpeQtral.

Broker's Calls

Brokers' Digest: UOB, Dyna-Mac, Sheng Siong, ST Engineering

Here's what the analysts have to say this week.
UOB’s Susan Hwee to become new head of group retail, Lawrence Goh appointed as new head of group tech and operations - THE EDGE SINGAPORE

New appointments

UOB’s Susan Hwee to become new head of group retail, Lawrence Goh appointed as new head of group tech and operations

Outgoing head of group retail, Eddie Khoo will become senior advisor to UOB Vietnam.
Briefs: Biden faces mounting pressure; Singapore stocks jump to two-year high; Google’s emissions higher due to AI - THE EDGE SINGAPORE

Global Economy

Briefs: Biden faces mounting pressure; Singapore stocks jump to two-year high; Google’s emissions higher due to AI

In other news, tokenisation, AI and quantum computing are the best prospects for transforming finance, says Ravi Menon.

Markets

Singapore stocks jump to two-year high as DBS, OCBC hit records

Shares of DBS Group Holdings Ltd. climbed 2.3% and Oversea-Chinese Banking Corp. added 1.2%, with both extending record highs.

Broker's Calls

CGSI stays ‘neutral’ on Singapore banks although steeper-than-expected rate cuts may see sequential drop in earnings

PhillipCapital remains “overweight” on the sector as Singapore interest rates inch up.

Broker's Calls

Analysts keep ‘buy’ and ‘hold’ calls on UOB after 1QFY2024 earnings exceed expectations

Analysts from Maybank, OCBC and RHB have increased their target price estimates.

Banking & finance

UOB upbeat on higher fees, delayed rate cuts and Asean focus

UOB reported a 1QFY2024 core net profit of $1.6 billion, up 5% q-o-q but down 1% y-o-y.

Singapore news

DBS remains as Singapore’s most valuable brand, while MBS becomes strongest brand in 2024

This year, DBS's brand value rose by 5% y-o-y to US$11 billion ($14.88 billion), making it Singapore's most valuable brand.
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