Singapore Stock Market News
UOB - Strong pre-provision profits
StockFanatic
Publish date: Mon, 17 Feb 2014, 01:40 PM
StockFanatic
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Welcome to Stockfanatic Singapore stock market and regional market news. This is a platform to share Singapore stock market and regional news to investors / man in the street. Investors can also look forward to analyst reports and brokers recommendations. Stockfanatic's Singapore stock market and regional news blog, home of investors one stop news station.
• 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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