UOB

Insider moves

OCBC and UOB in active buybacks; largest shareholder of Oceanus raises stake

The two banks are actively buying back shares even as their share prices are around record levels
Technically, DBS is overstretched on the upside - THE EDGE SINGAPORE

Right Timing

Technically, DBS is overstretched on the upside

DBS may lose some shine as it correctis overbought position
The evolution of UOB’s CFO - THE EDGE SINGAPORE

Banking & finance

The evolution of UOB’s CFO

Change, wrought by new regulations, disruptive tech, financial crises and new challenges, is the only constant for UOB CFO Lee
UOB reports 1Q2024 net profit of $1.49 billion, up q-o-q but down y-o-y and 6.4% above estimate  - THE EDGE SINGAPORE

Results

UOB reports 1QFY2024 net profit of $1.49 billion, up q-o-q but down y-o-y and 6.4% above estimate

UOB announces net profit of $1.49 billion including Citi integration costs, higher q-o-q, lower y-o-y, and 6% above estimates.
In the 2020s, financial conglomerate/ conglomerate model is not for everyone    - THE EDGE SINGAPORE

Finance

In the 2020s, financial conglomerate/conglomerate model is not for everyone

The financial conglomerate structure is not for everyone in the 2020s; some see it as left over from the 20th century.
At AGM, UOB stays committed to sustainable dividend growth  - THE EDGE SINGAPORE

Finance

At AGM, UOB stays committed to sustainable dividend growth

UOB looks to maintaining earnings growth to support dividend growth model
South Korea’s Waterbomb music festival headed to Singapore this August; UOB pre-sale in May - THE EDGE SINGAPORE

Banking & finance

South Korea’s Waterbomb music festival headed to Singapore this August; UOB pre-sale in May

Waterbomb is one of the largest summer music festivals in South Korea, and it has already ventured into Japan and Thailand.
UOB CEO's daughter buys GCB from ex-Keppel CEO Choo for $39.5 million - THE EDGE SINGAPORE

Property

UOB CEO's daughter buys GCB from ex-Keppel CEO Choo for $39.5 million

Choo acquired the 19,500 square feet bungalow in 2007
UOB CEO Wee Ee Cheong's FY2023 pay package up nearly 12% y-o-y to $15.9 million - THE EDGE SINGAPORE

Banking & finance

UOB CEO Wee Ee Cheong's FY2023 pay package up nearly 12% y-o-y to $15.9 million

Wee’s pay is higher than that of DBS Group Holdings CEO Piyush Gupta, who took a 27% pay cut to draw $11.23 million in 2023.

Broker's Calls

RHB stays ‘neutral’ on Singapore banks as sector braces for tougher times ahead, names DBS as top pick

Income growth could be a challenge amid elevated rates, the analysts highlight.
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