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Any room for uob to break above 34.70?
$17+ gap now with DBS..It all started from a $6 gap a few years ago to the current amount now n it's quite shocking! Surely UOB can do better..!
An interest rate cut is generally considered a booster to the economy because it makes borrowing cheaper for consumers and businesses, which stimulates spending and investment, leading to economic growth.
Lower rates encourage businesses to expand and hire, consumers to take out loans for homes and cars, and can also boost financial markets by improving the outlook for corporate profits.
Lower rates encourage businesses to expand and hire, consumers to take out loans for homes and cars, and can also boost financial markets by improving the outlook for corporate profits.
Buy the UOB DLC5xLong for technical rebound....
Mother shares appears to have stabilized.
$35.06 +$0.06
$0.605 +$0.028 (DLC)
Mother shares appears to have stabilized.
$35.06 +$0.06
$0.605 +$0.028 (DLC)
Can u beat that! It's a $15 gap with Dbs now...Shake head!
UOB Q2 profit falls 6% to S$1.34 billion misses expectations
Declares interim dividend of S$0.85 per share a second tranche of the lender&rsquo s S$0.50 per share special dividend will also be paid out
[SINGAPORE] UOB&rsquo s net profit for the second quarter fell as net interest income eased on lower margins.
Net profit for the three months ended Jun 30, 2025, stood at S$1.34 billion, compared with S$1.43 billion in the same period a year earlier, UOB said on Thursday (Aug 7).
The result missed the S$1.48 billion consensus estimate in a Bloomberg poll of six analysts.
The lender declared an interim dividend of S$0.85 per share for the half-year ended Jun 30, down from S$0.88 in the previous year. A second tranche of UOB&rsquo s S$0.50 per share special dividend will also be paid out to shareholders.
Net interest income for the quarter fell 3 per cent to S$2.34 billion, as net interest margin declined 14 basis points to 1.91 per cent, from 2.05 per cent a year ago.
Non-interest income increased 5 per cent to S$1.13 billion, on broad-based growth across wealth management, loan-related services and credit card fess, along with higher customer-related treasury income and improved trading and liquidity management performance.
The non-performing loan ratio came in at 1.6 per cent, compared with 1.5 per cent a year ago.
Total allowances rose 20 per cent to S$279 million.
For the first half, net profit fell 3 per cent year on year to S$2.83 billion. Total income for the period was up 2 per cent at S$7.12 billion, from S$7 billion.
it is 85+25 ...total of $1.10 ...also someone has rightly pointed out the HIGH provision in the result .
Unused provision cld be returned to bottom line ....( let see by end of the years ) .
DYODD
Unused provision cld be returned to bottom line ....( let see by end of the years ) .
DYODD
shk363 ( Date: 07-Aug-2025 09:25) Posted:
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Just becareful, UOB had set significantly increased provision for Credits and Other Losses from $395m to $569m, an increase of 44%.
Basically this is telling me UOB is bracing for market slow down or recession to come.
DYODD.
Basically this is telling me UOB is bracing for market slow down or recession to come.
DYODD.
85 cts dividend but price drop
Same same banking .. dbs can make more $ but why uob drop leh ? Hmmmm
85+25, S$1.1
salivating at the dividends sial
salivating at the dividends sial
Fiat500 ( Date: 07-Aug-2025 08:53) Posted:
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Inclusive of special dividends, how much are shareholders getting? 85cts + ?
Div drop from previous 92cts to 85cts
News Release
UOB?s 1H25 operating profit up 3% YoY to S$4.0 billion
Underpinned by diversified customer franchise and resilient balance sheet
Singapore, 7 August 2025 ? UOB Group reported an operating profit of S$4.0 billion for the
first half of 2025 (1H25), up 3% compared with a year ago, underpinned by broad-based
double-digit growth in fee income. Net profit for 1H25 moderated 3% to S$2.8 billion from the
year before, due to pre-emptive general allowance set aside as part of the Group?s risk
management measures amid the macroeconomic uncertainties.
The Board declared an interim dividend of 85 cents per ordinary share, representing a payout
ratio of approximately 50%. The second tranche of the 50 cents special dividend will also be
paid out to shareholders, as part of the Bank?s capital distribution package announced in
February 2025.....
https://links.sgx.com/1.0.0/corporate-announcements/RPUUZ3K1BNIMX3A6/854557_1H25%20News%20Release.pdf
Let's hope this coming 1H dividends they don't lose out to Dbs n Ocbc...
The gap will always lkeep around $10.. I am expecting UOB to close up the gap :) .
Will widen to 20
Fiat500 ( Date: 23-Jul-2025 14:40) Posted:
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But now it's lagging so much behind Dbs...It's a $10+ gap now! Gap is getting wider n wider by the day..
Finally clear the resistance and closed higher at 37.00.Next, 38.00 is on the way!
UOB awarded S$17.7m in civil suit against Lippo Marina Collection over inflated housing loans
[SINGAPORE] UOB has been awarded S$17.7 million in claims against Indonesian developer Lippo Marina Collection (LMC) and two property agents, Goh Buck Lim and Aurellia Ho, in a long-running civil suit that began in 2014.
The High Court&rsquo s assessment of the damages dated Jun 30, 2025, follows a key ruling by the Appellate Division of the High Court, which in 2022, overturned an earlier judgement and found LMC, a unit of Lippo Group, liable for conspiring with the property agents to mislead the bank into disbursing inflated housing loans.
The police commenced investigations into LMC following the October 2022 court ruling.
The court noted that the conspiracy caused UOB to suffer substantial losses after it financed more than 100 per cent of the purchase prices of 38 condo units in Marina Collection, a high-end waterfront residential enclave developed and sold by LMC.
UOB had granted about S$182 million in home loans between December 2011 and September 2013 to the purported purchasers of the 38 units, all of whom defaulted on their loans by April 2015.
UOB, represented by a legal team led by Eddee Ng of Tan Kok Quan Partnership, had sought to recover S$92 million in losses.
The court recognised about S$53 million in claims but deducted S$37.2 million to account for repayments and rental income collected by the bank. UOB also received S$2.3 million in statutory interest.
LMC is represented by Senior Counsel Siraj Omar of Siraj Omar LLC.
The lawsuit centred around a rebate scheme concealed from UOB.
The 124-unit Marina Collection in Sentosa Cove was launched for sale in late 2007, but only 42 units were sold by Mar 10, 2011, after a series of cooling measures were introduced.
The courts heard that for subsequent condo purchases, LMC gave substantial &ldquo furniture rebates&rdquo of 22 to 34 per cent, which were used to offset the cash payments required for the purchases.
These subsidies, undisclosed to UOB, led the bank to grant larger loans based on the full sale price stated in the purchase agreements.
At the time, banks were allowed to lend up to 80 per cent of the purchase price of a residential property.
UOB&rsquo s loans exceeded the cap based on the inflated purchase prices. The actual purchase prices were significantly lower, and the excess was paid to the buyer, so each of them gained a significant cash benefit from the purchase.
In a brief judgment assessing damages dated Jun 30, 2025, Justice Aidan Xu found that UOB had suffered losses from the concealment of the subsidy, for which he awarded about S$50.8 million in &ldquo excess loans&rdquo losses. This formed the bulk of the damages.
UOB was also compensated for lost profits it could have earned through lending its funds to other customers, a component known as the credit spread.
The court accepted UOB&rsquo s evidence that there was sufficient demand for loans.
Other awards included S$720,535 for the cost of funding the loans S$967,093 for the credit spread and S$180,053 for investigation expenses, including staff time and private investigator fees.
However, Justice Xu found that UOB had failed to mitigate its losses by not selling the repossessed condo units when there was a recovery in the property market in 2017.
&ldquo UOB need not have sold (the units) in the midst of softening conditions, that would have been a risky course of action,&rdquo said Justice Xu in his brief remarks. &ldquo But when the market turned in 2017, UOB should have started selling at that point.&rdquo
He also rejected UOB&rsquo s argument that it was reasonable to delay mitigation while awaiting the outcome of the lawsuit.
&ldquo Wait and see is not what the law requires,&rdquo he said.
Justice Xu also pointed out that UOB&rsquo s loss was reduced through mortgage repayments and rent collected from the properties, which amounted to S$37.2 million, and that sum should be deducted from the total award.
&ldquo Notwithstanding the award, UOB intends to appeal the decision,&rdquo a UOB spokesman said in a statement to The Straits Times.