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UOB
Last:38.31
-0.49
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Abundance int
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Kyoto2008
Elite |
15-Aug-2015 16:43
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You mean yield of 3%? UOB is generous on dividend payout. Saw the financials, NIMs improved, but signs of declining profitability are there, if you look at qoq for last five quarters. A steady decline. Non performing assets has also shot up. They highlight NPL remains the same, but if you look between the lines, you see a different story! In terms of capitalisation, no issues, UOB is solid as with all the local banks, LCR way above regulatory requirements, Basel III standards. This stock is badly beaten down because of 5% drop in 2nd Qtr earnings. But I think it' s due to the GMIM making less than 1st qtr because of extraordinary earnings in the latter. Make less, it' s fine. But still the NPA looms as something to watch out for, total quantum is quite huge, and if the bank' s risk mgt slackens, they could run into a rock. Short term, price could swing back up, the gain can be quite huge. LT, prefer DBS, diff is the top mgt plus their product range has significantly changed from UOB' s. OCBC is also better than UOB for medium to long term hold. The uncertainty for DBS and OCBC is the China exposure, mainly Dao Heng and Wing Hang' s exposure to loans to Chinese companies. If their credit team is thorough and incisive, there should be little losses, if any. I guess there could be a knock on effect if some cos belly up due to high USD loans, imagine both DH and WH would lend to SMEs and not the publicly listed large caps. However, this kind of rot will only surface when the borrowing Chin co cannot service the loans, there would be a lag time, it won' t show immediately. And by that time, DH and WH should have figured out to cut whatever exposure to the segment. The trade finance bit should not be an issue as they would be taking bank risk rather than corporate. The three banks could find their share price move back up in the short term I think. |
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junction
Master |
12-Aug-2015 18:46
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wat you mean by 3+% better than FD
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NL0261
Senior |
12-Aug-2015 11:54
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FD can never b better, tis is best time to buy into blue chips n see good profits over 1yr. but release b4 US presidential election.
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taxiuncle
Veteran |
12-Aug-2015 10:46
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Guess FD seems better now.
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NL0261
Senior |
04-Aug-2015 10:04
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below 21, jus buy! 3 ovr % better than FD
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hlfoo2010
Master |
04-Aug-2015 09:28
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below 21 ???
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chinastar
Veteran |
06-Jul-2015 19:49
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23.23
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hlfoo2010
Master |
02-Jun-2015 17:08
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22.44---> 22.0??? |
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hlfoo2010
Master |
06-May-2015 10:46
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23.81 ---> 22.?????/ |
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Octavia
Supreme |
30-Apr-2015 09:16
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UOB 1Q15 results in line. Net profit came in at $801m (1.6% y/y, +1.9% q/q), with net interest income of $1.2b (+8.3%) driven mainly by loan growth (+7.8%) and higher net interest margin (+3bps to 1.76%). Non-interest income rose 17.5% to $755m, as fee and commission income recorded broad based growth (+9.5%) and trading and investment income surged (+50.6%). NPL ratio inched up to 1.2% from 1.1%, with loan-loss coverage of 147%. Fully loaded CET 1 was 14.3% with Tier 1 CAR of 14.3%. NAV/share of $17.88. |
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ozone2002
Supreme |
27-Mar-2015 15:52
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Last:23.39 Vol:2228k  +0.39
beleve this is due to window dressing
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ozone2002
Supreme |
27-Mar-2015 15:19
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Last:23.36 Vol:1913k +0.36
powerful rally.. highest is 24.72..more room to move gdluck dyodd |
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WinningStock
Senior |
12-Mar-2015 09:53
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This one has a unique behavior.Understand her behavioral pattern, sure can make money. |
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hlfoo2010
Master |
12-Mar-2015 09:43
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22.???? |
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Kyoto2008
Elite |
13-Feb-2015 21:36
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If NIMs fall in a period of rising interest rates, it can only mean UOB' s costs of funds hv gone up. Tsk, tsk, lending lower and kenna higher costs of funding. NIMs for OCBC and DBS have gone up quite a bit. Yet UOB' s share price rallied!
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CalvinChia888
Master |
13-Feb-2015 13:33
Yells: "Pay It Forward Analyze The Analysts" |
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May i ask : Does UOB has shareholdings in UOL ? If it does, it means UOB results may have some contributions from UOL performance ? Was it stated how much ? What makes me puzzle is : Why is UOB results out 1st and not UOL ?
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Octavia
Supreme |
13-Feb-2015 12:15
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UOB: 4Q14 results were ahead of estimates, with net profit at $786m (+1.7% y/y, -9.3% q/q) versus Bloomberg consensus estimates of $743m, aided by loans growth which helped shore up interest income. The results brought FY14 net profit to $3.2b (+8%). Net interest income came in at $1.2b (+6.7% y/y, +1.1% q/q), driven by total loans growth (+9%) from Singapore (+6.6%), Thailand (+20.9%), Indonesia (+12.9%), Greater China (+11.2%), Malaysia (+3.3%) and others (+36.9%). Net interest margin (NIM) however fell to 1.69% (-4bps y/y, -2bps q/q), weighed by lower NIM from Singapore and Malaysia. Customer deposits rose 9.0% to $233.8b, setting the loan-to-deposit ratio at 83.8% (4Q13: 83.4%, 3Q13: 85.8%). Non-interest income was at $682m (+5.4% y/y, -16.4%), with the q/q decline largely due to seasonality trends. On a y/y basis, income was driven by contributions from credit card (+5.8%), loan-related activities (+4.1%) and service charges (+7.8%), partly offset by a 26% decline in trading gains to $119m, due to less favourable trading conditions. Overall operating expenses rose 5.6% to $805m, in tandem with the rise in revenue and higher IT-related costs. Bottom-line was weighed by a 19.9% rise in impairment charges to $166.0m, due mainly to a few isolated non-performing accounts in Thailand and Indonesia Asset quality remained healthy, with NPL ratio at 1.2% (4Q13: 1.1%, 3Q14: 1.2%), while loan-loss coverage was at 146%. ROE declined to 11.3% (4Q13: 12.8%, 3Q14: 12.9%) and capital adequacy ratios remained stable with fully-loaded CET1 CAR of 13.9% and Tier-1 CAR at 13.9%. Going forward, management remains confident of the long-term prospects of the region and its ability to seize the right opportunities to achieve sustainable growth, adding that the establishment of the ASEAN Economic Community this year will result in greater integration of its core markets, and enable it to provide seamless connectivity and consistent quality service to its customers. DPS of 55¢ declared, taking FY14 total payout to 75¢ (unchanged). UOB trades at 1.38x P/B versus DBS&rsquo s 1.26x and OCBC&rsquo s 1.41x. |
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ozone2002
Supreme |
09-Jan-2015 11:54
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Last:23.63 Vol:1505k  -0.39
already hit 2007 high, could hardly maintain above that price upside now low give u $1 or $2 more to run vs downside risk which could fall to 2008 low, a huge drop Recommendation to take profit around high $23++ or low $24++ gd luck dyodd
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hlfoo2010
Master |
07-Jan-2015 09:22
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Face north unwillingly further ???? |
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Tunderberd
Member |
06-Jan-2015 23:00
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UOB highest is 24.68. Today closed at 23.32. In Oct 2014, price crashed to 21.61. Look back to Feb 2014, price was 18.61. Chances of going up vs chances of dropping now with Greece tsunami coming? |
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