Published:
UOB share prices swing back to $1.8 average after book deterioration
But don’t get too excited yet.
After its recent price correction, UOB’s premiums over peers have largely reverted to their averages in the past 10 years.
Following the release of its 2Q14 results, the bank’s shares have corrected on a deterioration in its housing book and tighter SGD funding profile.
But this is not the say that the bank will be on a stellar upswing, according to Maybank Kim Eng. Near-term catalysts are not in sight, according to Maybank, indicating that the bank’s performance will continue to be overshadowed by other top Singapore banks like DBS.
Read Here
Advertise
Sign Up
