Singapore Stock Market News

UOB - Strong pre-provision profits

StockFanatic
Publish date: Mon, 17 Feb 2014, 01:40 PM
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• 4Q13 net profit lifted by lower taxes; NIM improved; FY13 earnings ahead of ours and consensus on lower-than-expected provisions

• Moderate guidance for FY14F, regional organic plans for growth

• Highest dividend yield of 3.8% among the banks, including special dividends.

Upgrade to BUY, TP lifted to S$22.50
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