Singapore bank UOB hits record high
Singapore bank UOB hits record high after Q4 earnings beat, $2.2 billion capital return
Shares of Singapore's United Overseas Bank, or UOB , hit a record high on Wednesday after it posted a 9% rise in fourth-quarter net profit that beat expectations and announced a S$3 billion ($2.24 billion) package to return surplus capital to investors.
UOB priced A$2 billion three-year senior floating-rate bond on Feb 21 at 0.65% above the three-month Bank Bill Swap Rate.
The bank's CEO Wee Ee Cheong said an enlarged customer base and enhanced platforms in the region positions UOB well.
United Overseas Bank said its fourth-quarter net profit rose, thanks to loan growth, and announced a S$3 billion package to distribute surplus capital. Net profit, including one-off expenses, jumped 8 ...
The Price to Earnings (P/E) ratio, a key valuation measure, is calculated by dividing the stock's most recent closing price by the sum of the diluted earnings per share from continuing operations ...
We believe both Johor and Singapore coming together gives a lot of opportunity and we genuinely feel that we can help' ...
United Overseas Bank (UOB) on Feb 19 announced a S$3bil package over the next three years to return surplus capital to ...
Insiders were net buyers of United Overseas Bank Limited's (SGX:U11 ) stock during the past year. That is, insiders bought more stock than they sold. Although we don't think shareholders should ...
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