SGX Stocks and Warrants
Bank lending rises in May
The MAS showed last Friday that total bank lending in Singapore rose 1.2% in May as compared to April. Total loans in May amounted to S$528.8bil and this is an increase of 18.8% year on year.
MER has an ‘Outperform’ rating on UOB with a 12 month price target of $19.20 according to their report on 27 Feb 2013. UOB closed at $19.62 yesterday, down 1.2% day on day.
Source: Macquarie Research - 2 Jul 2013
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