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YOMA
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pineapple123
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24-Jul-2013 21:42
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meeting 52w high now. good to short? free for discussion! | ||||||||||||||||||
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krisluke
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03-May-2013 18:56
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Bill Lehane
03 May 2013 10:19 GMT |
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krisluke
Supreme |
03-May-2013 14:25
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Why UOB's stellar 1Q performance may unfortunately be a one-off eventEarnings projection down to S$2885m. According to OCBC Investment Research, the outlook for NIM is still mixed and likely to hover at current level. Overall, we expect its FY13 performance to be supported by higher fee income, with growth rate for Non Interest Income doubling that of Net Interest Income. OCBC does not expect a repeat of the strong 1Q13 Fee Income for the remaining three quarters of the year. OCBC noted that taking these into consideration, it made very slight adjustments to its FY13 earnings projection, dropping it from S$2900m to S$2885m. Here's more: In line with the other two banks, UOB Group posted 1Q13 net earnings which also exceeded street expectations. 1Q net earnings of S$722m were up 5% YoY and 4% QoQ and ahead of consensus of S$688m based on Bloomberg poll. While Net Interest Income fell 4% YoY and flat QoQ to S$964m, its overall performance was buoyed by higher Non-Interest Income, which rose 12% YoY and 13% QoQ to S$708m. Together with lower operating expenses, this gave its operating profit a boost to S$976m. Net Interest Margin (NIM) fell from 1.98% in 1Q12 and 1.76% in 4Q12 to 1.70% in 1Q13. Loans grew a healthy 7.4% from last quarter to S$167b. Impairment charge fell QoQ from S$150m to S$130m. The key highlight was the strong 17% QoQ or 25% YoY increase in Fee and Commission Income to S$453m in 1Q13. On a QoQ basis, several units enjoyed strong double-digit growth. This included loans (+63%), fund management (+19%) and Investment (+18%). |
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krisluke
Supreme |
03-May-2013 09:23
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UOB: Announced 1Q13 results which were above estimates, fueled largely by stronger contributions from non-interest income. Overall net profit at $722m, +5% y/y and +4% q/q, while total income at $1.67b, +3% y/y and +5% q/q. Net Interest income at $964m (-4% y/y , -0.3% q/q) was weighed by net interest margins (NIMs) which declined to 1.70% versus 1.76% q/q, although customers loans grew to $164.3b (+13% y/y , +8% q/q) resulting in UOB’s loan / deposit ratio rising to 87% (86% y/y , 84% q/q). The group saw better asset quality as non-performing loans (NPL) ratio improved further at 1.3% versus 1.4% y/y A stronger non-interest income helped in offsetting the muted performance in net interest income, at $708m, +12% y/y and +13% q/q, driven largely by the sterling performance in fee income, underpinned by strong growth in lending, fund management, capital market and wealth management businesses.Trading and investment income however decreased on back of lower gains on sale of securities. Going forward, UOB expects overall growth to be moderate this year, and expects to see ample liquidity and intense competition. Overall, the bank remains well capitalized with Tier 1 ratio at 14.3% and total Car at 18%. At current price, UOB trades at 1.44x P/B versus DBS’s 1.31 and OCBC’s 1.44x. Ratings as follows: Nomura maintains Buy with $22.60 TP CIMB maintains Neutral with $21.24 TP Mizuho securities maintains Neutral with $23.00 TP HSBC downgrades to U/w with $21.60 TP |
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Octavia
Supreme |
02-May-2013 23:10
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UNITED Overseas Bank said first quarter 2013 net profit was up 4.9 per cent to $722 million on higher fee income and strong loan growth, offset by lower margins. Against the fourth quarter of last year, net profit was up 3.8 per cent. Net interest income of $964 million was 3.5 per cent lower on year due to compressed assets yields, UOB said. Loans grew 13.3 per cent to $167 billion as at March 31 2013 from a year ago. |
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chinastar
Veteran |
03-Apr-2013 10:17
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Satu, dua.....ok:)
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GorgeousOng
Supreme |
23-Mar-2013 18:25
Yells: "Hehehaha...enjoy life n live to the fullest..." |
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I like your strategy"buy near support, sell near resistance"!!!
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marubozu1688
Master |
23-Mar-2013 17:37
Yells: "Be humble in front of Mr. Market." |
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Watch out for trend reversal on UOB Bank. http://mystocksinvesting.com/singapore-stocks/uob-bank/uob-bank-rejected-at-20-resistance/ |
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chinastar
Veteran |
01-Mar-2013 06:38
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Two is more than enough:)
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everknight
Member |
28-Feb-2013 17:24
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What happened? Better than expected results with higher dividend, and still closed negative? Market really irrational. .. :( | ||||||||||||||||||
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Octavia
Supreme |
27-Feb-2013 23:15
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Octavia
Supreme |
27-Feb-2013 23:13
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The UOB Group on Wednesday reported a 24.7 per cent year-on-year increase in net profit for the fiscal fourth quarter ended Dec 31, 2012. Net profit after tax rose to S$696 million from S$558 million a year ago, on a 7.7 per cent increase in total income to S$1.59 billion. Full-year net profit after tax increased 20.5 per cent year on year to a record S$2.8 billion, while turnover rose 6.5 per cent to S$3.92 billion. Earnings per share for the full year were 1.72 cents, up from 1.43 cents a year ago. |
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chinastar
Veteran |
21-Jan-2013 10:25
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Two is enough:)
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marubozu1688
Master |
29-Dec-2012 20:26
Yells: "Be humble in front of Mr. Market." |
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I am waiting to short UOB also. :) http://mystocksinvesting.com/singapore-stocks/uob-bank/uob-bank-facing-very-tough-resistance/
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sengsk
Elite |
14-Dec-2012 14:53
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Taking a risk test my own reading , Short it for fun and if its weak before closing at 19.60 I may add shorting for it. ( Just personal feel, ) |
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sgnewbie
Master |
11-Oct-2012 09:46
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http://sgxreports.blogspot.sg/2012/10/singapore-banks.html | ||||||||||||||||||
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chinastar
Veteran |
05-Oct-2012 15:19
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2020:)
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sgnewbie
Master |
02-Oct-2012 09:02
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http://sgxreports.blogspot.sg/2012/10/uob.html | ||||||||||||||||||
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1234567
Senior |
28-Sep-2012 21:53
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Bought at 19.18 after ex-CD. Sold at $19.72 ... |
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Bopanha
Master |
05-Sep-2012 10:07
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Frankly speaking, financial institutions and bbs are all crooks. They made their money via crooked means more than honest means. That is why they usually have to pay back unwillingly through other setbacks, such as losses by rogue traders, miscalculations, wrong business tie-ups, white collar cheats amongst themselves to swindle them and also smarter crooks to take care of them. LMAO. | ||||||||||||||||||
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