Yep, especially DBS - sympathy slide ..... Hahaha. Next, fear of DBS poor showing ...... ? But I doubt if DBS' results are gonna be ugly so to speak. For one thing, it is managing its NIM better than UOB n OCBC, n that wld be a plus pt.
Market down because of UOB results?
Market down because of UOB results?
UOB' s 3Q earnings fall 7.8% to $ 791 mil on absence of one-off gain, higher allowances
UOB Group reported a 7.8% drop in 3Q earnings to $ 791 million from $ 858 million a year ago on absence of one-off gain from the sale of investment securities and higher allowance for distressed assets.
This was better than the average forecast of $ 771 million in earnings from a Bloomberg survey of five analysts.
In 3Q, total allowance increased 15.0% to $ 185 million, as specific allow on loan and other assets were higher largely due to the oil and gas and shipping industries.
Strong start!
tapering off
fantastic.
one more .36 surge will reach 19 again.
but tomorrow may retreat.
Fantastic performance today
AUG 17, 2016, 8:46 PM SGT
SINGAPORE - United Overseas Bank has trained over 100 of its bankers in the past six months to better provide alternative financing, as the bank geared up for greater synergy with its crowdfunding partner OurCrowd.
UOB invested US$10 million (S$13.4 million) for a tie-up with the Israeli firm in March to create an equity crowdfuding platform.
OurCrowd was just last month awarded its Capital Market Services license from the Monetary Authority of Singapore. It is now able to market its crowdfunding platform here.
Moving up.
Any good news? it looks the strongest among the 3' s today. Not sure if this green can sustain today.
UOB looks good today. It has been lagging behind. Hope it can find stong support at $18.00.
UOB looks good today. It has been lagging behind. Hope it can find stong support at $18.00.
Don touch as it is considered the worse among 3 sg banks currently with non performing loan at 1.4%. It either uob over provide for it exposure or the other 2 did not provide enough. Best is don touch touch banks.
Any thoughts on this counter?
No dumb peep how we earn money lol. Next week would be fun, see if bb continue to sell down banks.
Lol lots of ignorant people lol
Small players going belly up while bigger players would cut cost and merge operation, very tough when oil stuck below 60 very long time. Watch out other small players might go up in smoke like swiber
