Latest Forum Topics /
UOB
Last:34.8
+0.67
|
 Post Reply
|
|
UOB might see the biggest hit in earnings
|
|
|
allen19
Senior |
04-Aug-2020 10:41
|
|
x 0
x 0 Alert Admin |
Profit at Singapore banks probably fell for a second straight quarter as they continued to boost provisions during the coronavirus crisis. DBS and United Overseas Bank will report their second-quarter earnings on Aug. 6, followed by Oversea-Chinese Banking Corp. the next day.  Among the three, UOB might see the biggest decline in earnings. DBS&rsquo s net income may have declined 26% to S$1.19 billion ($865 million) in the three months ended June 30, according to the average estimate of 8 analysts surveyed OCBC&rsquo s profit estimated at S$930 million, a 24% drop and UOB&rsquo s profit seen falling 33% to S$784 million. I am currently bearish on UOB. The huge provision and reduction in dividends could push the stock lower. Do you think UOB give the market another shock in coming days?  
|
| Useful To Me Not Useful To Me | |