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UOB
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UOB
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ytoh1688
Veteran |
04-Aug-2014 10:01
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61 S 39 B now |
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Kyoto2008
Elite |
04-Aug-2014 09:46
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Hehe, my short counter says it' s 60% sell, 40% buy.
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ytoh1688
Veteran |
04-Aug-2014 09:25
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See you at 22.88 |
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Kyoto2008
Elite |
04-Aug-2014 09:13
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Estimate it could shed off at least 50cents in short term, going max 1.60 plus. See a lot of selldowns and the buy queues are depleted quickly. There were large chunks of 100 lots sold last Frid, at least 3 chunks I think. |
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ytoh1688
Veteran |
04-Aug-2014 08:18
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think valuation very rich...DBS is comparatively a safer bet at this point |
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Kyoto2008
Elite |
02-Aug-2014 20:42
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Seen them talked about 80mln. NPLs is at 2.3bln or did I see wrongly? 3% vs 97%, I wonder how they got away with this,didn' t someone ask?
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Kyoto2008
Elite |
02-Aug-2014 20:34
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I read in today' s papers that their Loan to deposit ratio is 100%. As this ratio has two components, it' s one of them that has deviated. Either Loans went up sky high, or deposits shrunk. Are they the lowest interest paying bank? That would be DBS coz they have the POSB backing. LD ratio climbed, and NPLs climbed. tsk, tsk, tsk not a good sign. UOB has to come up with more disclosures. Where are the NPLs? Trade? Loans to SMEs? Syndicated loans? Which Geographic region clocked in the NPLs? For what product? Gupta said they have no dealings with the commodities scandal in China, very specific and I respect that, shareholders need precise information, not ambiguous remarks. As long as there is ambiguity, analysts are not going to let this carry on. And neither would shareholders. Putting in a heavy short when market opens on Monday. This one' s going down. |
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Kyoto2008
Elite |
02-Aug-2014 10:13
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Your news source is excellent. Saw the Citi recommendation of $22.56 today in BT. MER maintained outperform at $26 citing strong b/s. The NPLs has dented UOB' s record, it' s not the absolute figures, but question arise as to why this has happened and if it' s a mgt issue how it will be addressed. This was not made clear in the press release. If careless lending is an issue, is this the beginning of a downhill ride? They are no longer exposed to SG, but Thailand, Indonesia, Msia, pple need to see that mgt is in full control and more disclosure is needed to regain shareholder confidence. I personally tend to think the stock is overpriced, and can come to more dipping.
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ytoh1688
Veteran |
01-Aug-2014 16:00
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Citi got a recommendation to sell 31st July...Target 22.56...previous target of 21.70 Rich valuation |
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Kyoto2008
Elite |
01-Aug-2014 14:39
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It' s the NPL, a whopping 2.3bln. Their Group share capital is 5.3bln, total equity is 26.5bln. Still strong, but in a risk adverse mkt, many feel a repricing is due. The NPL caught the mkt by surprise. |
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everknight
Member |
01-Aug-2014 12:13
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Massive sell on earnings news after beating analyst estimates?? :( |
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chinastar
Veteran |
24-Jul-2014 08:13
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hot money......$$$$$
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ytoh1688
Veteran |
14-Jul-2014 09:06
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Thanks for sharing
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WanSiTong
Supreme |
14-Jul-2014 08:17
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Published July 12, 2014
SGX issues ' trade with caution' advice for UOB
 Singapore
UNITED Overseas Bank (UOB) shares surged almost 4 per cent yesterday in active trading, prompting a rare query from the Singapore Exchange. UOB, which has outperformed its peers for several months now as well as the key benchmark index due to its lower China exposure, said it was not aware of any reason for the unusual trading. This resulted in SGX issuing a " trade with caution" advice for the stock. The exchange query was a first for UOB in recent memory. A check showed that it was the first time SGX had queried the bank since 2009, said UOB spokeswoman Tan Ping Ping. UOB ended the day 3.58 per cent or 83 cents higher at $24.03, and is up 13.4 per cent year to date. Over 4.35 million shares changed hands yesterday, more than double the daily six-month average of 2.17 million. The Straits Times Index is up 3.99 per cent for the year. DBS Group Holdings also did well yesterday. It rose 1.18 per cent to end at $17.17 and is up 0.41 per cent for the year. OCBC Bank closed unchanged at $9.40 and is down 7.84 per cent for the year as investors worry about a cash call from the bank to fund its US$5 billion bid for Hong Kong' s Wing Hang Bank. One analyst said banking counters are doing well overall (except for OCBC), and there are unlikely to be any new reasons for UOB' s sharp rise. UOB' s outperformance has been attributed to its focus on Asean and its lower China exposure, as well as its strong capital ratio. China' s slowing growth and growing shadow banking fears are frequently listed as concerns though many observers have said they do not expect a hard landing from the world' s largest trading nation. |
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BLBMJPJS
Member |
12-Jul-2014 13:53
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UOB is long over due! Huat Ah! |
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chinastar
Veteran |
12-Jul-2014 12:07
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2424
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ytoh1688
Veteran |
03-Jul-2014 14:56
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wow huge jump today anyone know why? expecting great results on 31st July? |
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9hly99
Veteran |
15-May-2014 15:28
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best buy now stockspilt 5 for every one share |
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Octavia
Supreme |
30-Apr-2014 20:16
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The UOB Group (" Group" ) recorded net earnings of $788 million for the first quarter of 2014 (" 1Q14" ), an increase of 9.2 per cent over the first quarter of 2013 (" 1Q13" ) and 2.0 per cent higher than the fourth quarter of 2013 (" 4Q13" ). Overseas profit before tax contribution for 1Q14 was 46.2 per cent and this was higher than the comparative quarters. The Group' s loans grew 12.7 per cent year-on-year and 3.6 per cent over 4Q13 to $189 billion with growth observed across all regions. Asset quality continued to be strong with the non-performing loan (" NPL" ) ratio of 1.1 per cent stabilising from 4Q13 and compared favourably with 1.3 per cent a year ago. The Group' s liquidity and funding positions remained sound, supported by steady growth in customer deposits. First quarter 2014 earnings Compared with 1Q13, the Group' s net earnings rose 9.2 per cent to $788 million in 1Q14. The increase was driven by strong net interest income, coupled with lower taxes from the write-back of prior years' income tax. Total income increased 4.8 per cent year-on-year to $1.75 billion, supported by solid net interest income growth of 15.2 per cent to $1.11 billion. Net interest margin improved 3 basis points to 1.73 per cent in 1Q14. Fee and commission income for 1Q14 was $414 million, 8.6 per cent lower than a year ago. The decline came mainly from lower loan processing fees and fund management fees. However, the decline was partly offset by higher wealth management distribution fees. Trading and investment income was 5.5 per cent lower at $149 million, attributable mainly to lower gains from the sale of securities. The Group' s operating expenses grew 8.6 per cent to $755 million in 1Q14, driven largely by staff and business-related expenses. Consequently, the Group' s expense-to-income ratio increased from 41.6 per cent in 1Q13 to 43.1 per cent in 1Q14. Total impairment charges increased 20.5 per cent to $157 million as collective impairment charges were set aside in line with loan growth while individual impairment charges declined 16.7 per cent to $32.8 million in 1Q14. The Group' s total loan charge off rate was relatively stable at 32 basis points. Compared with 4Q13, net earnings recorded a 2.0 per cent increase to reach $788 million. Total income rose 0.6 per cent in the quarter to $1.75 billion in 1Q14, led mainly by a 1.3 per cent increase in net interest income on loan growth with net interest margin flat at 1.73 per cent. Trading and investment income increased 3.5 per cent to $149 million mainly from higher customer demand for treasury products. Fee and commission income declined 4.8 per cent to S$414 million for 1Q14 due to lower loan processing fees, credit card income and fund management fees but was offset by higher wealth management distribution fees. Total expenses declined marginally by 0.9 per cent to $755 million. Total impairment charges rose 13.4 per cent to $157 million as collective impairment was made in line with loan growth while individual impairment decreased 62.9 per cent to $32.8 million. Strong balance sheet and capital position Gross customer loans rose 12.7 per cent year-on-year and 3.6 per cent from 4Q13 to $189 billion as at 31 March 2014. The strong loan growth was broad-based across territories and industries. The Group continued to strengthen its liquidity and funding capabilities. Customer deposits grew 9.7 per cent year-on-year and 1.0 per cent over 4Q13 to $217 billion as at 31 March 2014 on higher deposits from current and savings accounts. The Group' s loan-to-deposit ratio as at 31 March 2014 stood at 85.5 per cent. In addition, the Group diversified its funding pool through a combination of subordinated note and US dollar commercial paper issuances. During the quarter, a US$800 million 3.75 per cent fixed rate subordinated note was issued under the Euro Medium Term Note Programme. Asset quality remained strong. NPL decreased 7.2 per cent over a year ago to $2.08 billion, while NPL ratio improved from 1.3 per cent to 1.1 per cent in 1Q14 but was little changed as compared with 4Q13. The Group' s CET1, Tier 1 and Total capital adequacy ratios as at 31 March 2014 were well above the regulatory minimum requirements at 14.0 per cent, 14.0 per cent and 17.7 per cent respectively. The capital ratios improved quarter-on-quarter mainly on higher retained earnings, coupled with lower risk-weighted assets. Compared with 31 March 2013, the capital ratios were lower as risk-weighted assets increased as a result of asset growth. Mr Wee Ee Cheong, the UOB Group' s Deputy Chairman and Chief Executive Officer, said: " The Group has made a positive start to 2014 with another quarter of record profits. Net interest income continued its uptrend, fuelled by steady growth in loans across all markets and customer segments. The results reinforce our ongoing efforts to strengthen our regional platform, broaden product capabilities and enhance our customer franchise. " We continue to monitor developments in key regional markets as they adjust to gradual QE tapering in the US and as Asian economic conditions moderate. On the capital front, we remain proactive, issuing Southeast Asia' s first US dollar Basel III Tier 2 bond in March, following our successful Basel III Additional Tier 1 capital issuances last year. Our robust balance sheet and disciplined approach to growth position us well to drive long-term sustainable value for shareholders as we seize regional wholesale and wealth management opportunities." |
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everknight
Member |
29-Apr-2014 15:19
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Spoke too soon. Stock' s down from 22.60+ to 21.20+ now after XD! Is the sell off justifiable? For $0.55 dividend, stock is down $0.90 today...thinking if picking up after earning result... :) Any other thoughts?
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