Post Reply
121-140 of 439
| WRITTEN BY BLOOMBERG | |
| FRIDAY, 25 FEBRUARY 2011 17:52 | |
United Overseas Bank, Singapore’s smallest bank by stock market value, expects housing loan applications to decline by between 15% and 20% in the second half of this year as a result of the Singapore government’s policies to curb property speculation, the bank’s Chief Executive Officer Wee Ee Cheong told reporters today. |
/theedge/
$18 is a good entry pt. Anything making it chiong above $18 is a liquidity trap set by BBs.
UOB will return to $18 or less next week but it's still a better buy compared to OCBC and DBS.
then why uob shares went up instead.....
goondoo ( Date: 25-Feb-2011 14:04) Posted:
|
Published results are historical and useless. Based on Dec 2010 results:
DBS P/B 1.3 P/E 13 (EPS 1.1 exclude goodwill and book of $11)
OCBC P/B 1.3 P/E 13 (EPS 0.7 and book $7)
UOB P/B 1.3 P/E 10.5 (EPS 1.7 and book $14)
obviously market expect DBS and OCBC to outperform and grow strongly in next few years and UOB to underperform badly.
UOB Q4 net profit beats expectations, sees robust growth this yr
SINGAPORE Feb 25 (Reuters) - United Overseas Bank , Singapore's third largest bank by assets, said on Friday it posted a 35 percent rise in net profit after tax in the October-December quarter, helped by higher fee and commission income and lower provisions for bad debt.
UOB, controlled by billionaire Wee Cho Yaw, earned S$706 million ($552.7 million) in the three months ended Dec 31, up from S$522 million a year ago. The results were better than the S$590 million average forecast of six analysts polled by Reuters.
The Singapore bank said net interest income fell 3 percent to S$865 million during the quarter from a year ago as the net interest margin contracted to 1.91 percentage points from 2.07 percentage points in the third quarter.
" We are confident of delivering robust growth this year," CEO Wee Ee Cheong said in a statement. ($1 = 1.277 Singapore Dollars) (Reporting by Kevin Lim)
Based on DBS & OCBS's results, UOB will probably just meet expectations. Hence, it is going below $18 soon.
It'll go lower based on current sentiments, definitely too early for buy call.
reversal detected..time to enter for the upside...until it's overbought..
ozone2002 ( Date: 10-Feb-2011 14:47) Posted:
|
Think of no way on how to growth cpf interest rate and got extra $$ to spare...
consider buying 1 lot uob using cpf account and 1 lots city dev using cpf account.
btw cpf provide three keys to retirement: OA, SA & MA/-
exit once cpf interest rate beat your expectation.
money grow money strategy, never bore to see in retirement ^^
Sorries, i don't encourage cfd account applicant 
Happy if it does, Waiting to accumulate. With results coming in so positive, price falls are good opportunities to buy for future. DBS results just in. Pretty good from what I see.
ktnpl2005 ( Date: 10-Feb-2011 23:00) Posted:
|
Probably fall below $18 again. OCBC and DBS will likely follow with the free fall.
I start selling all Bank counters, and buy CHINA related ADR!
ozone2002 ( Date: 10-Feb-2011 14:47) Posted:
|
18.78!!!..
cfd shorters can start covering back..
or reduce or short positions
gd luck~~!!
from 8 feb 19.8 high dropped to 19.06...
likely to fall further to 18.9
ozone2002 ( Date: 08-Feb-2011 09:24) Posted:
|
uob is overbought..
expect price to decline in short term
cfd short for expert traders
The Kallang wave continues, except that it is now past the crest starting with UOB, followed by OCBC and DBS falling to the trough in sequence.
at $20, stock split into 2, each piece $10, sounds about right.
here we go!
krisluke ( Date: 26-Jan-2011 13:46) Posted:
|
Shayne Heffernan has confirmed a strong buy issued on on UOB Bank Singapore with a price target of $26 in 2011.
United Overseas Bank Limited (UOB or the Bank) is principally engaged in the business of banking in all its aspects, including the operation of an Asian Currency Unit under the terms and conditions specified by the Monetary Authority of Singapore (MAS).
The principal activities of its major subsidiaries include commercial banking, merchant banking, leasing, insurance, investment, investment management, gold/futures dealing, property, property management and travel.
The Bank provides a range of financial services through its global network of branches, offices, subsidiaries and associates, personal financial services, private banking, commercial and corporate banking, investment banking, corporate finance, capital market activities, treasury services, futures broking, asset management, venture capital management, insurance and stockbroking services.
In August 2009, the Bank announced that its subsidiaries, UOB.Com Pte. Ltd. and FEB Realty Company Pte Ltd commenced voluntary liquidation and since then has continued to consolidate operations.
United Overseas Bank Ltd. has entered into an agreement to purchase banknotes businesses of HSBC Holdings plc units in five Asian markets. The total consideration for the transaction is $15 million in cash, United Overseas Bank Ltd. said in a statement. Under the agreement, the HSBC Holdings plc will license to United Overseas Bank Ltd. the technology system used in connection with banknotes business in Singapore, Hong Kong, Japan, Beijing and Taiwan. Completion of the transaction is expected to take place in the fourth quarter of this year, United Overseas Bank Ltd. said.
United Overseas Bank Ltd. (UOB) announced that it has subscribed for another 456 million new ordinary shares in Evergrowing Bank Co., Ltd, China (Evergrowing Bank), at RMB3 per share in cash (Subscription), as part of the latter’s private placement to existing and new investors. Together with UOB’s purchase of 260 million shares in June 2008 and receipt of 104 million bonus shares in December 2009 from Evergrowing Bank, UOB now owns 820 million shares or approximately 12.06% of the enlarged issued share capital of Evergrowing Bank.
wow, are u still holding on ?
krisluke ( Date: 26-Jan-2011 13:46) Posted:
|