UOB's Asean-Centric Portfolio Likely a Good Shelter During Market Volatility -- Market Talk

Dow Jones

Nov 20, 2024

0723 GMT - UOB likely offers investors shelter from expected continuing market volatility following the U.S. elections, given its Asean-centric portfolio, RHB Research says in a note. The Singapore-listed bank's benefits include positioning the wholesale banking business to better capture connectivity and foreign-direct-investment flows into Asean region, RHB's Singapore research team says. There might be further upside to UOB's return of capital to investors via higher dividends and/or share buybacks, given it has a better "line of sight" on excess capital as Basel III reforms have gone live, the team adds. RHB raises the stock's rating to buy from neutral and the target price to S$40.20 from S$35.60. Shares are 0.3% lower at S$36.32. (ronnie.harui@wsj.com)

(END) Dow Jones Newswires

November 20, 2024 02:23 ET (07:23 GMT)

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The Singapore-listed bank's benefits include positioning the wholesale banking business to better capture connectivity and foreign-direct-investment flows into Asean region, RHB's Singapore research team says. There might be further upside to UOB's return of capital to investors via higher dividends and/or share buybacks, given it has a better \"line of sight\" on excess capital as Basel III reforms have gone live, the team adds. RHB raises the stock's rating to buy from neutral and the target price to S$40.20 from S$35.60. Shares are 0.3% lower at S$36.32. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 20, 2024 02:23 ET (07:23 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UOB's Asean-Centric Portfolio Likely a Good Shelter During Market Volatility -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUOB's Asean-Centric Portfolio Likely a Good Shelter During Market Volatility -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-20 15:23</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0723 GMT - UOB likely offers investors shelter from expected continuing market volatility following the U.S. elections, given its Asean-centric portfolio, RHB Research says in a note. The Singapore-listed bank's benefits include positioning the wholesale banking business to better capture connectivity and foreign-direct-investment flows into Asean region, RHB's Singapore research team says. There might be further upside to UOB's return of capital to investors via higher dividends and/or share buybacks, given it has a better \"line of sight\" on excess capital as Basel III reforms have gone live, the team adds. RHB raises the stock's rating to buy from neutral and the target price to S$40.20 from S$35.60. Shares are 0.3% lower at S$36.32. (ronnie.harui@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 20, 2024 02:23 ET (07:23 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0264606111.USD","symbol_name":"Janus Henderson Horizon Asian Dividend Income A2 USD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484575591","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484575591","pubTimestamp":1732087380,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0723 GMT - UOB likely offers investors shelter from expected continuing market volatility following the U.S. elections, given its Asean-centric portfolio, RHB Research says in a note. 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The Singapore-listed bank's benefits include positioning the wholesale banking business to better capture connectivity and foreign-direct-investment flows into Asean region, RHB's Singapore research team says. There might be further upside to UOB's return of capital to investors via higher dividends and/or share buybacks, given it has a better \"line of sight\" on excess capital as Basel III reforms have gone live, the team adds. RHB raises the stock's rating to buy from neutral and the target price to S$40.20 from S$35.60. Shares are 0.3% lower at S$36.32. (ronnie.harui@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 20, 2024 02:23 ET (07:23 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}