Singapore Stock Market News

United Overseas Bank - Decent operating metrics

StockFanatic
Publish date: Sat, 14 Feb 2015, 04:13 PM
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4Q14 EPS below from lower net interest & fee income.

Positives were stable asset quality & improving SGD funding profile, plus loan growth of 9.5% YoY.

Maintain BUY & SGD26.70 TP, at 12x FY15E P/E. Catalysts from higher interest rates. Top sector pick: DBS.
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