Edition:
United Kingdom

United Overseas Bank Ltd (UOBH.SI)

UOBH.SI on Stock Exchange of Singapore

27.36SGD
3:17am GMT
Change (% chg)

$-0.24 (-0.87%)
Prev Close
$27.60
Open
$27.63
Day's High
$27.64
Day's Low
$27.21
Volume
3,326,439
Avg. Vol
2,205,916
52-wk High
$28.46
52-wk Low
$21.30

Latest Key Developments (Source: Significant Developments)

United Overseas Bank Says It Bought 10.3 Percent Stake In Marco Polo Marine
Friday, 26 Jan 2018 

Jan 26 (Reuters) - United Overseas Bank Ltd ::BOUGHT 10.29 PERCENT STAKE IN MARCO POLO MARINE LTD.MARCO POLO MARINE SHARES WERE ALLOTTED TO BANK AT PRICE OF S$0.035 PER SHARE..‍TRANSACTION NOT EXPECTED TO HAVE MATERIAL IMPACT ON EARNINGS PER SHARE OF BANK FOR FY ENDING 31 DEC 2018​.  Full Article

United Overseas Bank says Sydney branch to issue A$400 mln floating rate notes
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - United Overseas Bank Ltd ::Co's Sydney branch intends to issue A$400 million floating rate notes due November 2018​.  Full Article

United Overseas Bank posts quarterly net profit after tax S$‍883​ million
Thursday, 2 Nov 2017 

Nov 3 (Reuters) - United Overseas Bank Ltd :Qtrly net profit after tax S$‍883​ million versus S$791 million.Qtrly ‍net interest income increased 4% to S$1.41 billion​‍​.‍As at 30 September 2017, amount of non-performing loans grew 7% year-on-year.Fully-loaded common equity tier 1 capital adequacy ratio (CAR) rose to 13.8% as at 30 Sept 2017​.  Full Article

United Overseas Bank says‍ Chairman Emeritus Wee Cho Yaw will retire from board
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - United Overseas Bank Ltd ::Chairman Emeritus Wee Cho Yaw to retire from UOB board​.Board nominates Wong Kan Seng to succeed Hsieh Fu Hua as chairman​.  Full Article

Orix Corp will take an over 10 pct joint stake in Bitexco Power - Nikkei
Wednesday, 31 Aug 2016 

Nikkei : Orix Corp plans to send directors to Bitexco Power, and will offer advice on business operations as well - Nikkei . Orix Corp will invest in Vietnam's Bitexco Power in September - Nikkei .Orix Corp will take an over 10% joint stake in Bitexco With Singapore's United Overseas Bank in Mid-September - Nikkei.  Full Article

Mencast Holdings announces banking facilities with United Overseas Bank Ltd
Monday, 22 Aug 2016 

Mencast Holdings Ltd : Banking facilities with United Overseas Bank Limited . The group has on 19 August 2016 entered into banking facility agreements with United Overseas Bank Limited . Group secured loan facility of up to S$50.0 million with United Overseas Bank; also secured facilities of up to S$24.9 million, comprising term loan facility . Says funds from the banking facilities will be used for the redemption of the outstanding bonds of S$50 million .  Full Article

United Overseas Bank updates on outlook
Thursday, 28 Jul 2016 

United Overseas Bank Ltd :"Looking ahead uncertain outlook; low interest rates globally even as pick-up in credit costs expected" .  Full Article

United Overseas Bank posts qtrly net profit of S$801 mln
Thursday, 28 Jul 2016 

United Overseas Bank Ltd : Second quarter and/ or half yearly results) . Qtrly net profit s$801 million versus s$762 million a year ago . Qtrly net interest margin 1.68 percent versus 1.77 percent . Qtrly net interest income s$1.21 billion versus s$1.21 billion . Asset quality remained stable with npl ratio at 1.4% for quarter end .An interim one-tier tax-exempt dividend of 35 cents per ordinary share has been declared in respect of FY ending 31 December 2016.  Full Article

United Overseas Bank says UOB Asset Management amalgamated 2 units in Taiwan
Friday, 15 Jul 2016 

United Overseas Bank Ltd : Says amalgamation involved a share swap of one Uobia share for 0.03278566 Uobam Taiwan share . Amalgamation is not expected to have any material impact on EPS or net tangible assets per share for year ending 31 December 2016 . Says Uob Asset Management Ltd. amalgamated Uob Investment Advisor (Taiwan) Ltd. and Uob Asset Management (Taiwan) Co., Ltd. . 7.5 mln shares in the capital of Uobam Taiwan, each with a par value of NTD10, have been issued to Uobams .  Full Article

Moody's changes outlook on Singapore's banking system to negative
Thursday, 30 Jun 2016 

Moody's: Moody's changes outlook on Singapore's banking system to negative . Moody's On Singapore - Expect rising risks to the banks' asset quality and profitability . Moody's On Singapore - Growth will be adversely affected by slowing domestic manufacturing sector, weaker economic activity in Greater China, Malaysia .Moody's - Negative outlook on Singapore's banking system over next 12-18 months reflects weaker operating conditions for the banks.  Full Article

BRIEF-United Overseas Bank Prices Gbp350 Mln Floating Rate Covered Bonds

* UNITED OVERSEAS BANK LIMITED PRICES GBP350 MILLION FLOATING RATE COVERED BONDS DUE 2023 Source text for Eikon: Further company coverage: