UOB Could Post Higher Earnings on Better Margin Outlook -- Market Talk

Dow Jones

Jan 13, 2025

0252 GMT - United Overseas Bank's earnings growth could come in at mid single digits for 2025 compared with consensus expectations for flat or marginally positive earnings, amid an improved net interest margin outlook, says OCBC Investment Research. Interest rates are likely to remain high this year, which will augur well for NIM, Singapore strategist Carmen Lee writes in a note. Markets have yet to price in a better NIM environment even as expectations of more aggressive rate cuts have been scaled back, Lee adds. However, OCBC lowers the stock's rating to hold from buy given UOB's strong share-price outperformance in the past two months. It maintains a fair value estimate of S$37.50 on the shares, which are at S$36.85. (amanda.lee@wsj.com)

(END) Dow Jones Newswires

January 12, 2025 21:52 ET (02:52 GMT)

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Interest rates are likely to remain high this year, which will augur well for NIM, Singapore strategist Carmen Lee writes in a note. Markets have yet to price in a better NIM environment even as expectations of more aggressive rate cuts have been scaled back, Lee adds. However, OCBC lowers the stock's rating to hold from buy given UOB's strong share-price outperformance in the past two months. It maintains a fair value estimate of S$37.50 on the shares, which are at S$36.85. (amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 12, 2025 21:52 ET (02:52 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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 Could Post Higher Earnings on Better Margin Outlook -- 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 Could Post Higher Earnings on Better Margin Outlook -- 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\">2025-01-13 10:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0252 GMT - United Overseas Bank's earnings growth could come in at mid single digits for 2025 compared with consensus expectations for flat or marginally positive earnings, amid an improved net interest margin outlook, says OCBC Investment Research. Interest rates are likely to remain high this year, which will augur well for NIM, Singapore strategist Carmen Lee writes in a note. Markets have yet to price in a better NIM environment even as expectations of more aggressive rate cuts have been scaled back, Lee adds. However, OCBC lowers the stock's rating to hold from buy given UOB's strong share-price outperformance in the past two months. It maintains a fair value estimate of S$37.50 on the shares, which are at S$36.85. (amanda.lee@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 12, 2025 21:52 ET (02:52 GMT)\n</p>\n<p>\n  Copyright (c) 2025 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":"U11.SI","symbol_name":"大华银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503348885","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503348885","pubTimestamp":1736736720,"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":"0252 GMT - United Overseas Bank's earnings growth could come in at mid single digits for 2025 compared with consensus expectations for flat or marginally positive earnings, amid an improved net interest margin outlook, says OCBC Investment Research. Interest rates are likely to remain high this year, which will augur well for NIM, Singapore strategist Carmen Lee writes in a note. Markets have yet to price in a better NIM environment even as expectations of more aggressive rate cuts have been scaled back, Lee adds. However, OCBC lowers the stock's rating to hold from buy given UOB's strong share-price outperformance in the past two months. It maintains a fair value estimate of S$37.50 on the shares, which are at S$36.85. ","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"U11.SI":"大华银行"},"translate_title":"大华银行可能因利润率前景改善而公布更高收益——市场讨论","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"U11.SI":1},"content_text":"0252 GMT - United Overseas Bank's earnings growth could come in at mid single digits for 2025 compared with consensus expectations for flat or marginally positive earnings, amid an improved net interest margin outlook, says OCBC Investment Research. Interest rates are likely to remain high this year, which will augur well for NIM, Singapore strategist Carmen Lee writes in a note. Markets have yet to price in a better NIM environment even as expectations of more aggressive rate cuts have been scaled back, Lee adds. However, OCBC lowers the stock's rating to hold from buy given UOB's strong share-price outperformance in the past two months. It maintains a fair value estimate of S$37.50 on the shares, which are at S$36.85. (amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 12, 2025 21:52 ET (02:52 GMT)\n\n\n  Copyright (c) 2025 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"}}}