SGX Listed Stock

UNITED OVERSEAS BANK LTD (SGX:U11)


SGD 27.060
-0.030 / -0.11%
Share Price as of: 2018-08-15 17:06
Market / ISIN Code: SGX Mainboard / SG1M31001969
GICS® Sector / Industry Group / Industry: Financials / Banks / Banks


UOB Blogger ArticlesUNITED OVERSEAS BANK LTD Blogger Articles SGX Listed UNITED OVERSEAS BANK LTD (U11.SI) Blogger Articles U11.SI Blogger Articles
Aspire
Jimmy Ng
2018-08-15 13:48:21
Analysts’ Views On 3 Local Banks
Banking stocks have slightly outperformed the general market so far with the FTSE ST Financial Index delivering a negative 3.1 percent year-to-date return as at 13 August 2018, in comparison to Straits Times Index’s 4.7 percent decline. However, investors fear that the outlook for the banking sector might deteriorate going forward in view of the recent round of property cooling measure which could slow down property transactions and limit mortgage loan growth. Nonetheless, judging from the banks’ recent release of their second quarter results, research analysts remain upbeat on their performances moving into the second half of the year. Oversea-Chinese Banking Corporation Oversea-Chinese Banking Corporation’s (OCBC) 2Q18 net profit rose 16.1 percent achieving a record profit of $1.
Aspire
Jimmy Ng
2018-08-10 17:36:23
Mixed Results From Corporate Earnings
Developments concerning the trade war took another turn in the last few days when the Trump administration threatened to jack up the proposed tariff rate on the next US$200 billion of Chinese imports to 25 percent from the initial 10 percent, as it tried to pressure China back to the negotiation table. In response, China announced that it was prepared to impose retaliatory taxes on US$60 billion of US imports including aircrafts and liquefied natural gas, in which the implementation date will be decided according to the US actions. Over the last two weeks, Dow Jones Industrial Average dipped 0.1 percent while Shanghai Composite Index plunged 2.7 percent. Amidst escalating trade tensions which showed no signs of abating coupled with the depreciating Chinese Yuan, Hang Seng Index fell 1.5 pe
The Motley Fool Singapore
Sudhan P.
2018-08-10 14:47:02
These 2 Blue-Chip Banks Bought Back Their Shares This Week
Share buybacks can be favourable for shareholders if done for the right reasons. So far during the week (as of market open today), two bank stocks have repurchased their shares. Let’s take a deeper look. United Overseas Bank Ltd (SGX: U11) With more than 500 branches in 19 countries, United Overseas Bank (UOB) is one of the largest banks in Southeast Asia. On 6, 7, and 8 August 2018, the bank bought back a total of 181,894 shares ranging from S$27.08 to S$28.35 per share. The total cost came up to around S$5.02 million. Last week, UOB announced its earnings for the second quarter of 2018. Total income grew 11% to S$2.34 billion while net profit improved 28% year-on-year to S$1.08 billion. You can go here to know more about the latest results. UOB shares closed at S$28.34 each on Wednesd
The Motley Fool Singapore
Jeremy Chia
2018-08-07 12:26:26
United Overseas Bank Ltd’s 2018 Half-Year Profit Soared 24%
United Overseas Bank Ltd (SGX: U11) released its earnings update for the second quarter of 2018 on Friday last week. The headline numbers were impressive, with first-half earnings at a record high of S$2.06 billion, up 24% year-on-year. Here is a summary of the important information from UOB’s earnings report. Overall business grows For the three-month period from April to June (Q2), total income rose 11% year-on-year to S$2,342 million from S$2,114 million a year ago. Operating profit, likewise, rose 11% to S$1,320 million. Including allowances and share of profit from joint ventures and associates, net profit was up 28% to S$1,077 million from S$845 million. The strong Q2 performance was driven by both higher net interest income and net fee income. Net interest income was up 14% t
PropertyInvestSG
David
2018-08-06 21:13:31
Tre Ver likely to spearhead recovery for UOL group
UOL’s 2Q18 core PATMI of S$94.1m (-6% YoY) came in slightly below projections/consensus, which is attributed to the uneven recognition of profits from development property. We estimate that sold residential units surged 5x QoQ, to 145 units, helped by solid sales at 62%-sold Amber 45. Despite cooling measures, UOL has not changed its launch schedule for the three upcoming projects, which we believe is due to their competitive cost. (adsbygoogle = window.adsbygoogle || []).push({}); While the contribution from OneKM fell, the proposed AEI should reposition it as one of the beneficiaries of the rejuvenation of Paya Lebar Regional Centre, spearheaded by the upcoming Paya Lebar Quarter project. UOL has declined 21.1% YTD, underperforming both Developers (-10.1%) and FSSTI (-4.0%), but a
The Motley Fool Singapore
Sudhan P.
2018-08-02 11:45:15
What Investors Should Know About Share Buybacks By Singapore Stocks In July 2018
Last month, 52.5 million shares or units were repurchased by 37 stocks for a total amount of S$109 million, according to a recent report by the Singapore Exchange. Compared to June 2018, the latest buyback consideration was down 37%. Blue-chip stocks took up seven spots out of the top 10 stocks with the largest buyback consideration value in July 2018. In terms of value, the five stocks with the most share buybacks were United Overseas Bank Ltd (SGX: U11), DBS Group Holdings Ltd (SGX: D05), Wing Tai Holdings Limited (SGX: W05), Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6) and Keppel Corporation Limited (SGX: BN4). These five companies contributed to 74% of the S$109 million in total consideration. The only listed bank not featured in the list above, Oversea-Chinese Banking Corp Limited
Singapore Stock Analysis | Opening Trading Account | Collin Seow
Collin Seow
2018-07-29 00:26:29
CPF Investment: Passive Income Guide for All Singaporeans
Today, we are going to share with you how to grow your CPF investment money in a no-brainer way. The best part? You need not be financial savvy to do this. A beginner can do it! And I’ll reveal the exact step-by-step process, which you can follow easily. What is CPF Investment Scheme (CPFIS)? It is to provide option to CPF members to invest their CPF savings in various instruments such as insurance products, unit trusts, fixed deposits, bonds and shares. The Average CPF Interest Rate is 2.5% to 4% for Ordinary Account. Check their latest interest rate here. Below is the latest CPF rate. Share this Infographic On Your Site </p><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br />
The Motley Fool Singapore
Sudhan P.
2018-07-28 15:47:12
Yangzijiang Shipbuilding Holdings Ltd Leads the Singapore Stock Market Higher for the Week
For the week, the Straits Times Index (SGX: ^STI) rose 0.8%, or 27.15 points, to 3,324.98. Of the 30 index stocks, 18 were in the green; 10 were in the red while the remaining two were flat. The biggest winner of the lot was Yangzijiang Shipbuilding Holdings Ltd (SGX: BS6). The shipbuilder’s shares put on 5.2% to S$0.905 each. Other big winners of the Straits Times Index include the three banks. United Overseas Bank Ltd (SGX: U11) added 3.4% to S$27.32; Oversea-Chinese Banking Corp Limited (SGX: O39) rose 3.1% to S$11.66 while DBS Group Holdings Ltd (SGX: D05) increased 3.1% to S$27.06. Both United Overseas Bank and DBS will be announcing their 2018 second-quarter financial results next week. On the other end of the spectrum, Hutchison Port Hldg Trust (SGX: NS8U) lost the most ground. I
The Motley Fool Singapore
Jeremy Chia
2018-07-27 13:38:13
Earnings Season: Blue-Chip Stocks In The Spotlight
It is that time of the year again when companies provide updates on how they have performed over the quarter. Many things have happened since the last quarterly earnings update. Globally, the ongoing trade conflict between China and the United States has led investors to shy away from companies that rely on exports. Manufacturing companies in Singapore have predictably taken a big hit in the process with share prices of some of the major companies spiraling down more than 30% from their peaks. In June, the US Federal Reserve raised the benchmark lending rate to 1.75%to 2%. This is already the second increase of the year, and the Fed has signalled for two more hikes in 2018 and possibly another four in 2019. Central bankers now expect the rate to end the year at 2.4% rather than 2.1% projec
The Motley Fool Singapore
Lawrence Nga
2018-07-16 11:46:59
2 Good Reasons To Like Oversea-Chinese Banking Corp Limited’s Stock Now
Oversea-Chinese Banking Corp Limited (SGX: O39) is a well-known company in Singapore, given that it’s one of the three banks based in our Garden City. Right now, OCBC’s stock price is S$11.15, down by over 20% from a recent peak of S$14.04 that was reached only early May this year. The market may be sour toward OCBC at the moment, but there are plenty of positive things to like about the bank in my view. In this article, I will share two attractive traits about OCBC. Strong quarterly results The table below is a quick summary of some key financial metrics for OCBC in the first quarter of 2018: Source: OCBC earnings presentation We can see that the bank’s net interest income, non-interest income, operating profit, and net profit, all grew in the quarter on a year-on-year basis. That
The Motley Fool Singapore
Sudhan P.
2018-07-13 14:03:53
These 3 Blue-Chip Companies Repurchased Their Shares This Week
Well-renowned investor, Warren Buffett, is a huge advocate of businesses buying back their shares. He believes that share buybacks can increase shareholder value if done for the right reasons. On that note, let’s check out three blue-chips that have repurchased their shares thus far during the week, as of market open today. Oversea-Chinese Banking Corp Limited (SGX: O39) Oversea-Chinese Banking Corporation, or OCBC for short, is the longest established local bank and is the second largest financial services group in Southeast Asia by assets. On 9, 10, 11 and 12 July 2018, OCBC bought back a total of 300,000 shares at a price range of between S$11.31 and S$11.51 per share. The total cost was around S$3.4 million. The bank’s shares closed at S$11.30 apiece on Thursday. This translates t
Aspire
Mei Siew Lai
2018-07-12 15:04:00
Two Stocks Downgraded To Hold With New Property Curbs
The Singapore Government announced a set of property cooling measures effective 6 July 2018 aimed at moderating home price growth. The authorities raised the Additional Buyer’s Stamp Duty (ABSD)  by 5 percentage points for owners of second and subsequent residential properties purchases as well as lifting Loan-to-Value (LTV) limits by 5 percentage point for all new housing loans. On the other hand, developers will now incur a higher remissible ABSD of 25 percent, on top of an additional 5 percent non-remittable ABSD for enbloc transactions. DBS expects the combined impact of the measures to hit buyers’ sentiments significantly, and projected that total sale volumes to fall to 9,000 to 10,000 units in 2018. Meanwhile, the curbs added further pressure on developers as the revised ABSD i
The Motley Fool Singapore
Jeremy Chia
2018-07-12 12:01:36
7 Blue-Chip Stocks That Might Be Affected By The New Property Cooling Measures
Last Thursday, the Singapore government made a surprise announcement that it is increasing the buyer stamp duty for private properties and tightening the loan-to-value limits. This comes as private property prices have risen to a four-year high after a frenzy of collective sales. These new regulations will not only affect property prices, but have also impact on some companies listed on the stock market. Here’s a quick list of stocks represented in the Straits Times Index (SGX: ^STI) that might be affected. Property stocks Perhaps the biggest hit will be the property stocks that have residential development projects in Singapore. The new regulations will affect demand for residential property in Singapore and in turn, affect prices. Already, property developers have been courting home bu
The Motley Fool Singapore
Sudhan P.
2018-07-10 13:19:09
Is There Value In Singapore-Listed Banks After Falling More Than 10%?
In Singapore, the three major listed banks are DBS Group Holdings Ltd (SGX: D05), Oversea-Chinese Banking Corporation Limited (SGX: O39) and United Overseas Bank Ltd (SGX: U11). Since their respective share price peaks seen in late-April or early-May, each of the firm’s shares have fallen at least 10%, as of the close on Friday (6 July). On Friday itself, DBS lost 2.6%, OCBC dropped 2.3%, while UOB fell 3.1% due to additional property cooling measures implemented by the Singapore government. It is expected that the latest cooling measures will put a dent in the growth of home loans. Even though the trio is not doing well in terms of their share prices in the short-term, there is potential for them to do well in the longer term due to rising interest rates. As such, investors would be
The Motley Fool Singapore
Lawrence Nga
2018-07-06 14:01:22
Institutional Investors Have Been Selling These 3 Blue Chip Stocks
There are many ways to find investment ideas. Some useful ways are to screen for stocks or to look at a list of stocks near their 52-week lows to sieve out potential bargains. Studying what institutional investors have been buying or selling is another avenue. Institutional investors are typically large investment organisations, such as hedge funds, mutual funds, unit trust companies, sovereign wealth funds, insurance companies and so on. These investors tend to possess vastly greater resources than individual investors like you and me when researching stocks. Hence, it may be useful to keep a close eye on what they are doing, as a way to generate ideas. In this article, I will look at three Singapore stocks (among the top ten stocks) that have seen the highest net disposal in dollar value
The Motley Fool Singapore
Chin Hui Leong
2018-07-06 12:03:06
Singapore’s Stock Market Correction is Here: What Investors Should Do Now
Shares of property developers fell sharply after the Singapore government announced new measures to cool down a heated property market. The new set of rules include higher stamp duties and tighter requirements around the loan-to-value limits on residential property purchases. Before the implementation, the Monetary Authority of Singapore (MAS) had warned of “euphoria” and “excessive exuberance” in the property market. As of 10:45 am today, shares of City Developments Limited (SGX: C09) and UOL Group Limited (SGX: U14) had fallen 15.8% and 12.5%, respectively. CapitaLand Limited‘s (SGX: C31) shares also dived 4.1%. Singapore’s banks, which provide housing loans, were not spared either. DBS Group Holdings Ltd (SGX: D05) fell almost 3% while its peers Over
The Motley Fool Singapore
Sudhan P.
2018-07-04 11:07:26
What Investors Should Know About Share Buybacks By Singapore Stocks In June 2018
A company can do a few things with the free cash flow it churns out every year. It can reinvest the money into its business, use it to pare down debt, pay dividends to shareholders, or buy back its shares. There are a few reasons why companies want to buy back their shares. Some companies might do so to support their share price. By reducing the number of shares outstanding, the earnings per share will increase. This, in turn, causes the price-to-earnings ratio to fall due to a larger denominator. The share price should then rise as the market perceives the share price to be cheaper than before the repurchase. In June this year, 74.6 million shares were repurchased by 33 companies for a total amount of S$174 million, according to a recent report by Singapore Exchange Limited (SGX: S68). Th
Donovan Norfolk Ang's Market Analysis
Donovan Norfolk Ang
2018-07-03 13:28:03
United Overseas Bank: 3 July 2018, Tuesday, 1.27pm Singapore Time
United Overseas Bank: 3 July 2018, Tuesday, 1.27pm Singapore Time(Click on Technical Chart above to Expand)Attached is the Technicals for United Overseas Bank (UOB) that is listed in the Singapore SGX. UOB Bank is at multi-layered strong supports in a bull market. Buy the dip while the whole world is calling for bear market with conviction.UOB Current price @1.27pm:  $26.49.The Donovan Norfolk Technical Rating:BullishDonovan Norfolk Ang
The Motley Fool Singapore
Lawrence Nga
2018-07-02 10:32:22
5 Things That I Like About United Overseas Bank Ltd’s Latest Earnings Update
United Overseas Bank Ltd (SGX: U11), or UOB, is one of the three major banks based out of Singapore, along with DBS Group Holdings Ltd (SGX: D05) and Oversea-Chinese Banking Corp Limited (SGX: O39). The company has recently announced its 2018 first-quarter (1Q FY18) earnings update. Here are five positive things that I think investors should know about its results. The results Here’s a quick summary of some key financial metrics for 1Q FY18. Source: UOB’s Results Presentation Overall, we can see that most metrics improved on a year-on-year basis. But there are more to these numbers. 1. First of all, total income grew 9% year-on-year to S$2.2 billion, due to robust growth in both net interest income and net fee and commission income. In other words, income growth was across the board.
The Motley Fool Singapore
Lawrence Nga
2018-06-30 12:37:50
Institutional Investors Have Been Buying These 3 Stocks Lately
There are many ways to find investment ideas. Some useful ways are to screen for stocks or to look at a list of stocks near their 52-week lows to sieve out potential bargains. Studying what institutional investors have been buying or selling is another avenue. Institutional investors are typically large investment organisations, such as hedge funds, mutual funds, unit trust companies, sovereign wealth funds, insurance companies and so on. These investors tend to possess vastly greater resources than individual investors like you and me when researching stocks. Hence, it may be useful to keep a close eye on what they are doing, as a way to generate ideas. In this article, I will look at three Singapore stocks (among the top ten stocks) that have seen the highest net purchases in dollar valu





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