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Has uob exhausted its S44 balance? Anyboby kept track. Thanks
DBS Vickers gives a TP of 27.50 for UOB
CLSA gives a TP of 28.10 for UOB
Both reports dated today
UOB is up 30 cts to $22.70 today, it trading between $22.70 to $22.90 today. UOB is moving up slowly but surely.
I'm sorry. I posted the link wrongly.
It should be this link. Please ignore the previous posting.
p/s how do I edit my own post after I have posted? Can't find any edit button.
An technical analysis article on the technical movement of UOB. Please read the article here. Not convenient for me to cut and paste everything here.
DBS and UOB top losers today. This caused the big drop in STI.
UOB and DBS lao sai today
S$0.35 Divident will issue by UOB on 3rd Sept. Target-Price adjusted down to $23.80
UOB is my top pick for long-term investment amongst banks.. its exposure to emerging market gives it the potential for greater growth, with exposure in malaysia, thailand and indonesia etc. It have the edge over local rival which DBS is focusing onli north asia (satuated and limited growth) and OCBC in south asia as well... With Mr Wee, the veteran banker in this banking industry, no doubt UOB will be at an even better shape in 10 years time.
Wah mirage, u very brave to go into bank stocks. But then again, if yr target is only $21, think the upside potential is not worth the downside risk
SJ members, any views on UOB, is it time to enter, yesterday it went as low as $19.80. Most likely it will rebound to $21.00 soon. Any opinion?
All the banks are badly hit by this turn of events. DBS also quite jia lat.
Went below 20.00 today! Is it a good time to enter?
Quotes:
Citigroup said it has upgraded its rating on United Overseas Bank Ltd (UOB) to a "buy" from "hold" and at the same time lifted its 12-month price target on the stock to 26.60 Singapore dollars from 23.70 dollars previously.
"UOB looks best positioned to benefit from the current Singapore property and mortgage recovery, with potential to positively surprise on margins," Citigroup analyst Robert Kong said in a note to clients.
Kong estimates that UOB's loans will grow 12-14 percent this year, while its net interest margins are likely to improve.
UOB has been increasing its share of the domestic mortgage market, having grown its mortgage loans by more than 15 percent year-on-year in the first quarter, Citigroup said.
"Core net interest margins of 2.10 percent looks sustainable given strong mortgage demand, and with mortgage pricing holding," Kong said.
At the midday break, UOB was down 20 cents at 23 dollars with 1.37 million shares exchanged.
i will chose ocbc...presume theres still much room for improvement?
Hi SJ members, Of the 3 big Banks in Singapore, DBS, UOB, and OCBC, which one would you choose to invest in?? I pick UOB, but can afford 1 lot only. SJ members any views.