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UOB
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UOB
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john_ric
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31-Mar-2020 12:43
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negleted counter. | ||||
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kandinsky
Master |
20-Mar-2020 10:51
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Hardly moving today | ||||
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Joelton
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18-Mar-2020 09:57
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UOB sees higher credit costs, OCBC expects muted revenue following Malaysia' s lockdown
UOB, which has the largest Asean exposure of the three local banks, is expecting a greater impact on its credit costs than initially thought of, as the global novel coronavirus outbreak has caused several countries to go into lockdown mode. In response to queries from The... https://www.businesstimes.com.sg/companies-markets/uob-sees-higher-credit-costs-ocbc-expects-muted-revenue-following-malaysias |
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TA_Expert
Supreme |
18-Mar-2020 02:26
Yells: "The World has changed" |
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This is the speculation on everybody mind. Only the Q1 result will tell us how the bank is handling the situation.
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chubbybastard
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17-Mar-2020 21:39
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It will get worse before it gets better. UOB has the biggest exposure to SME companies as compared to the other 3 banks and we know SMEs especially in Singapore is being hard hit with retail falling, hospitality is bleeding, the import and exporters also bleeding, engineering companies and services all taking a hit. Its a matter of time these will show up on their NPL numbers coupled with a few big corporate defaults in time to come and the near 0 interest rate, the bank is essentially taking on higher risk for lower returns.   
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TA_Expert
Supreme |
17-Mar-2020 14:13
Yells: "The World has changed" |
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UOB is damn strong despite the sell off. Many people are holding on and new investors are buying in on dips. |
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pasttime
Supreme |
17-Mar-2020 14:09
Yells: "gold silver are real money. not others iou." |
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don' t look down on chinaman. they are the future. even the english man start to learn chinese. of the 3 banks, i think uob is the safest in term of bad loan. digit bank is well develop for those in the know. no know one cannot explain.  ocbc has been growing their investment product in south china very well. now no know maybe better ? dbs is all round good. and biggest of the 3 banks. all 3 singapore banks are good with good rating, well provision for bad debts etc. for investors only. small traders bear the risk being force out by the big buaya. dyodd. |
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chubbybastard
Member |
17-Mar-2020 14:03
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Sorry but UOB is the worse bank among the 3 when it comes to digital or even online banking. They still rely on hardopy and chop to approve credit committee cases. Its still a very Chinaman run type of Bank. Don' t think it will change anytime soon as old man Wee is still around. UOB is afterall known as " Useless Old Bank"  
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pasttime
Supreme |
17-Mar-2020 13:04
Yells: "gold silver are real money. not others iou." |
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2020 uob is a much different bank compared to 2008. now is a regional bank with digital bank capabilities. taking  roe of 10% after 12 years. compounded $8 is about $22 now . one can see how over sold banks are compared to 2008 |
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johnshao
Member |
17-Mar-2020 12:08
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Broker' s Take: DBS cuts target prices for OCBC, UOB on credit cost painhttps://www.businesstimes.com.sg/companies-markets/brokers-take-dbs-cuts-target-prices-for-ocbc-uob-on-credit-cost-pain |
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Shifu8888
Supreme |
17-Mar-2020 10:54
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Share BB. Wee EC buying maybe. He bought big time in 2008 if I remember but at $8!!!! If I remember rightly.... now average up also cheap cheap...
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chubbybastard
Member |
17-Mar-2020 10:52
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Strange. Why is UOB bucking the trend and going up when all bank stocks are going down? Share buy back? 
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Shifu8888
Supreme |
16-Mar-2020 21:48
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$16 coming | ||||
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john_ric
Supreme |
12-Mar-2020 19:08
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When Price dropping a lot div will be adjusted down wards. Bank won't be that stupid. | ||||
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FATABA
Supreme |
12-Mar-2020 13:28
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when the fear n panicky set in .....we certainly can hear a lot of voice ( which normally is nonsense)  But w fear n panic ...some noise turn to reality ....the question remains FOR HOW LONG ?  If u have the patient n holding power .....UNLESS ALL mankind die ( LOL ) ....things will return ...its only a matter of the time ?  ( which I think NO ONE know )  All we know is our own holding power n action plan if any  Dyodd n good luck  |
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kandinsky
Master |
12-Mar-2020 13:23
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It is still unrealistic for bank shares to drop 50% when all 3 banks are profitable and no red flags in their businesses so far. Note that at current prices, dividend is more than 6%.
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pasttime
Supreme |
12-Mar-2020 13:07
Yells: "gold silver are real money. not others iou." |
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nim is only part of scenario of banks earning.  at one point some foreign banks profit was mostly from forex trading. and now many depends on investment product. stock price down is more likely to hurt then nim, but then each market crash is the birth of the next bull.  
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kandinsky
Master |
12-Mar-2020 13:04
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If uob px drop by 50%, I think everybody can dump their life savings into uob shares, collect close to 10% dividend no need to work liao.
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pasttime
Supreme |
12-Mar-2020 12:55
Yells: "gold silver are real money. not others iou." |
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if that is the case then bank no need to work already. just a banking license and borrow from central as much as possible to max profit.  
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desmodeus
Veteran |
12-Mar-2020 12:19
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History can be a very scary thing. Past crashes had prices dropped 50% from peak. Hope this is not the long awaited big one after years of share buybacks and qe excesses. One eminent did used the word " irrational exuberance" once. Businesses have been suffering here for the past years and we are living in denial. Landlords are the happy ones
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