Highlights

SGX Stocks and Warrants

Author: kimeng   |   Latest post: Fri, 22 Sep 2017, 03:51 PM

 

UOB: 4Q16 in line with consensus

Author:   |    Publish date:


UOB delivered net earnings of S$739m, down 6% YoY or 7% QoQ , slightly better than market expectations of S$730m based on a Bloomberg poll. This led to full year earnings of S$3096m, down 3.5%.

Unlike its peers which saw increases in allowances for the last quarter, UOB bucked the trend with a decline from S$190m in 4Q15 and S$185m in 3Q16 to S$131m in 4Q16.

Specific allowances actually went up from S$288m in 3Q16 to S$428m, however, total allowances dropped largely due to a release in general allowance of S$310m. NPL ratio also fell from 1.6% in 3Q16 to 1.5% in 4Q16. Net Interest Margin (NIM) held steady from the previous quarter at 1.69%.

Management has declared a final dividend of 35 cents, bringing full year dividend payout to 70 cents.

Prior to its results, we have a HOLD on the stock. We will provide more updates after the analysts’ briefing later this morning.

Source: OCBC Research - 17 Feb 2017

Share this
Labels: UOB

Related Stocks

Chart Stock Name Last Change Volume 
UOB 23.47 +0.21 (0.90%) 1,745,200 

  Be the first to like this.
 


 

157  159  234  498 

ActiveGainersLosers
Top 10 Active Counters
 NameLastChange 
 CKQW 0.077-0.023 
 Rowsley 0.133-0.003 
 CKPW 0.109+0.018 
 QT Vascular 0.0120.00 
 Charisma Energy 0.005-0.001 
 ASTI^ 0.087+0.004 
 CWT 2.33+0.01 
 MDR 0.004-0.001 
 ThaiBev 0.895-0.005 
 YZJ Shipbldg SGD 1.41+0.015 
Partners & Brokers