Hmm for some reason this UOB is lacking way behind DBS ....will it be a cool $10 different ?
DYODD
seanpent ( Date: 15-Jul-2025 08:51) Posted:
Seems like banks are finding its way back to its high.
OCBC 17.93
UOB 39.20 |
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Seems like banks are finding its way back to its high.
OCBC 17.93
UOB 39.20
UOB break record today..Hopefully next target $37.50 - $38 by end July..
This cross holding or some call it the Wee WEB ....is on for a v long time ....since his father rule .
Many have hope it will consolidate and produce better value .
I guess the wait has to continue ( they are not in any rush ...enough $$ to spend for generations ....and unlikely to have any hostille party against them )
Really does not matter what is the actual value ...just more so the waiting time. LOL
Dyodd
Delvyss ( Date: 02-Jul-2025 11:00) Posted:
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Yes this was the recent high .....but ( unless a great set of result ) I doubt it can hit this again.
Anyway ....time will tell
DYODD
Delvyss ( Date: 30-Jun-2025 10:47) Posted:
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Banks sitting on rocket launching pad ... seems very ready ...
" can also expand trading network"
Joelton ( Date: 19-Jun-2025 11:42) Posted:
UOB becomes direct participant in China&rsquo s cross-border clearing and settlement system
The bank can now provide cross-border renminbi clearing, settlement and payment services to other businesses and financial institutions
[SINGAPORE] UOB and its wholly owned subsidiary UOB China have become direct participants in China&rsquo s Cross-border Interbank Payment System (CIPS), the bank said on Wednesday (Jun 18).
This is a wholesale payment system, authorised by the People&rsquo s Bank of China, to facilitate the settlement of trading and investments in renminbi. As at May 2025, it had 174 direct participants and 1,509 indirect participants.
Direct participants can open an account in the CIPS indirect participants have to go through direct participants to handle cross-border renminbi payments and settlements. UOB and UOB China were previously indirect participants.
The direct access will enable UOB to provide cross-border renminbi clearing, settlement and payment services to businesses and financial institutions within and outside China, the bank said.
UOB clients can enjoy real-time gross settlement and remittance at lower payment and clearing costs.
The bank can also expand its trading network by connecting CIPS participants globally and handling cross-border renminbi payments and settlements on behalf of indirect participants.
UOB said that its cross-border renminbi payments and trade-settlement flows doubled between 2023 and 2024, and that it expects the use of renminbi for investments, payments and trade to continue to grow.
So Lay Hua, UOB head of group transaction banking, expects the direct access will &ldquo significantly enhance&rdquo the bank&rsquo s capability to serve regional clients in their renminbi businesses.
Meanwhile, DBS China was the first Singapore-headquartered bank to be a direct participant of CIPS, joining in 2015.
The first-mover advantage allowed DBS to provide efficient renminbi payment and settlement capabilities to its corporate and financial institution clients, especially those operating in China‑ Asean corridors, the bank said in a statement.
In 2024, its CIPS-related transaction volumes grew more than 30 per cent on year.
Ginger Cheng, CEO of DBS China, expects demand for more efficient cross-border financial services to continue to rise as economic cooperation between China and Asean deepens.
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UOB becomes direct participant in China&rsquo s cross-border clearing and settlement system
The bank can now provide cross-border renminbi clearing, settlement and payment services to other businesses and financial institutions
[SINGAPORE] UOB and its wholly owned subsidiary UOB China have become direct participants in China&rsquo s Cross-border Interbank Payment System (CIPS), the bank said on Wednesday (Jun 18).
This is a wholesale payment system, authorised by the People&rsquo s Bank of China, to facilitate the settlement of trading and investments in renminbi. As at May 2025, it had 174 direct participants and 1,509 indirect participants.
Direct participants can open an account in the CIPS indirect participants have to go through direct participants to handle cross-border renminbi payments and settlements. UOB and UOB China were previously indirect participants.
The direct access will enable UOB to provide cross-border renminbi clearing, settlement and payment services to businesses and financial institutions within and outside China, the bank said.
UOB clients can enjoy real-time gross settlement and remittance at lower payment and clearing costs.
The bank can also expand its trading network by connecting CIPS participants globally and handling cross-border renminbi payments and settlements on behalf of indirect participants.
UOB said that its cross-border renminbi payments and trade-settlement flows doubled between 2023 and 2024, and that it expects the use of renminbi for investments, payments and trade to continue to grow.
So Lay Hua, UOB head of group transaction banking, expects the direct access will &ldquo significantly enhance&rdquo the bank&rsquo s capability to serve regional clients in their renminbi businesses.
Meanwhile, DBS China was the first Singapore-headquartered bank to be a direct participant of CIPS, joining in 2015.
The first-mover advantage allowed DBS to provide efficient renminbi payment and settlement capabilities to its corporate and financial institution clients, especially those operating in China‑ Asean corridors, the bank said in a statement.
In 2024, its CIPS-related transaction volumes grew more than 30 per cent on year.
Ginger Cheng, CEO of DBS China, expects demand for more efficient cross-border financial services to continue to rise as economic cooperation between China and Asean deepens.
Its about time UOB do some catching up. Now the gap has widen to 10 bucks with DBS.
Delvyss ( Date: 15-May-2025 09:59) Posted:
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