UOB

Investing ideas

Limited upside catalysts for UOB but dividends and provisions will provide support

UOB's 'decent valuation' and yield may provide downside support
UOB CEO Wee buys 100,000 shares at $28.495 each - THE EDGE SINGAPORE

Insider moves

UOB CEO Wee buys 100,000 shares at $28.495 each

This time last year, when the bank reported its FY2022, Wee paid $29.5749 each for 100,000 shares
'Simply unique': Wee Cho Yaw (1929–2024) - THE EDGE SINGAPORE

Obituary

'Simply unique': Wee Cho Yaw (1929–2024)

'My father has left an indelible mark. He has been a source of inspiration for me in all aspects of my life'

Asean

UOB and China Council for the Promotion of International Trade renew MOU to facilitate trade and investment in Asean

The MOU with UOB remains CCPIT’s only collaboration with a bank in Southeast Asia.

Banking & finance

Local banks in the right markets but will face headwinds in 2024: analysts

Banks face pressure from NIMs, credit costs offset by higher wealth fees
DBS, UOB and OCBC to allow customers to lock-up funds amid rising scam cases - THE EDGE SINGAPORE

Banking & finance

DBS, UOB and OCBC to allow customers to lock-up funds amid rising scam cases

Customers can lock up funds in their bank accounts to safeguard against unauthorised transfers and malware scams.

Banking & finance

UOB strengthens balance sheet ahead of testing times

UOB strengthens its balance sheet with change in MEV model, Casa growth as loan growth recedes
Boustead Projects JV secures $70 mil green loan to refinance Razer SEA HQ  - THE EDGE SINGAPORE

Environmental, Social and Governance

Boustead Projects JV secures $70 mil green loan to refinance Razer SEA HQ

Razer SEA HQ has a committed occupancy of 100% as at March 31.
UHREIT to give lower 1HFY2023 distribution as it sets aside funds for asset enhancements - THE EDGE SINGAPORE

Results

UHREIT to give lower 1HFY2023 distribution as it sets aside funds for asset enhancements

Without this retained amount, UHREIT would be able to maintain its DPU at 2.91 US cents

Right Timing

Support for STI appears at 3,230, banks turn into dividend plays

Support for the STI's decline is at 3,230. Among the banks, UOB has approached the mean of its price to book ratio
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