Can buy uob at 33.7?-To The Moon - Tiger Brokers Online Investing Community - To The Moon

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Jaclow
11-06

Can buy uob at 33.7?

Singapore’s UOB Flags Lower 2026 Margins After Q3 Profit Slumps On Provisions

UPDATE 2-Singapore’s UOB flags lower 2026 margins after Q3 profit slumps on provisionsQ3 net profit dives 72% to S$443 mln vs S$1.35 bln estimateBank sets aside S$615 mln in pre-emptive general allowancesNet interest margin falls to 1.82% from 2.05% a year agoAdds CEO comments, outlook, and details throughoutBy Yantoultra Ngui

Singapore’s UOB Flags Lower 2026 Margins After Q3 Profit Slumps On Provisions

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NightKL
·11-06
Will drop some more
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provisionsQ3 net profit dives 72% to S$443 mln vs S$1.35 bln estimateBank sets aside S$615 mln in pre-emptive general allowancesNet interest margin falls to 1.82% from 2.05% a year agoAdds CEO comments, outlook, and details throughoutBy Yantoultra Ngui","content":"<html><head></head><body><ul style=\"\"><li><p>Q3 net profit dives 72% to S$443 mln vs S$1.35 bln estimate</p></li><li><p>Bank sets aside S$615 mln in pre-emptive general allowances</p></li><li><p>Net interest margin falls to 1.82% from 2.05% a year ago</p></li></ul><p>SINGAPORE, Nov 6 (Reuters) - Singapore’s <a href=\"https://laohu8.com/S/UOVEF\">United Overseas</a> Bank (UOB) said on Thursday it expects 2026 net interest margin to be lower than this year’s projection after its third-quarter profit dropped sharply, hit by a surge in credit provisions.</p><p>UOB UOBH.SI, Southeast Asia&#39;s third-largest bank by assets, said July-September net profit slumped to S$443 million ($342.30 million) from S$1.61 billion a year earlier.</p><p>The slide was mainly due to S$1.36 billion in allowances for credit and other losses, including S$615 million in pre-emptive general provisions.</p><p>This missed the mean estimate of almost S$1.35 billion from two analysts polled by LSEG.</p><p>&#34;We proactively set aside general allowances to significantly enhance provision coverage, backed by our strong capital base,&#34; Deputy Chairman and CEO Wee Ee Cheong said in a statement, adding that dividend plans remain intact.</p><p>UOB expects 2026 full-year NIM at 1.75%-1.80%, below the projected 1.85%-1.90% for this year, alongside low single-digit loan growth, high single- to double-digit fee growth, and total credit costs of 25-30 basis points.</p><p>Larger peer DBS Group DBSM.SI earlier posted a 2% drop in third-quarter earnings that beat forecasts.</p><p>Both Singapore banks’ earnings come after mixed results from global counterparts last week.</p><p><a href=\"https://laohu8.com/S/HSBC\">HSBC</a> HSBA.L reported a 14% fall in pretax profit after a $1.4 billion litigation charge tied to the Bernard Madoff fraud, while Standard Chartered STAN.L beat estimates with a 3% rise in profit, helped by record wealth income and strong markets activity.</p><p>UOB’s net interest margin fell to 1.82% in the third quarter from 2.05% a year earlier, as lower benchmark rates squeezed lending spreads.</p><p>($1 = 1.2942 Singapore dollars)</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Singapore’s UOB Flags Lower 2026 Margins After Q3 Profit Slumps On Provisions</title>\n<style 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08:33</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul style=\"\"><li><p>Q3 net profit dives 72% to S$443 mln vs S$1.35 bln estimate</p></li><li><p>Bank sets aside S$615 mln in pre-emptive general allowances</p></li><li><p>Net interest margin falls to 1.82% from 2.05% a year ago</p></li></ul><p>SINGAPORE, Nov 6 (Reuters) - Singapore’s <a href=\"https://laohu8.com/S/UOVEF\">United Overseas</a> Bank (UOB) said on Thursday it expects 2026 net interest margin to be lower than this year’s projection after its third-quarter profit dropped sharply, hit by a surge in credit provisions.</p><p>UOB UOBH.SI, Southeast Asia&#39;s third-largest bank by assets, said July-September net profit slumped to S$443 million ($342.30 million) from S$1.61 billion a year earlier.</p><p>The slide was mainly due to S$1.36 billion in allowances for credit and other losses, including S$615 million in pre-emptive general provisions.</p><p>This missed the mean estimate of almost S$1.35 billion from two analysts polled by LSEG.</p><p>&#34;We proactively set aside general allowances to significantly enhance provision coverage, backed by our strong capital base,&#34; Deputy Chairman and CEO Wee Ee Cheong said in a statement, adding that dividend plans remain intact.</p><p>UOB expects 2026 full-year NIM at 1.75%-1.80%, below the projected 1.85%-1.90% for this year, alongside low single-digit loan growth, high single- to double-digit fee growth, and total credit costs of 25-30 basis points.</p><p>Larger peer DBS Group DBSM.SI earlier posted a 2% drop in third-quarter earnings that beat forecasts.</p><p>Both Singapore banks’ earnings come after mixed results from global counterparts last week.</p><p><a href=\"https://laohu8.com/S/HSBC\">HSBC</a> HSBA.L reported a 14% fall in pretax profit after a $1.4 billion litigation charge tied to the Bernard Madoff fraud, while Standard Chartered STAN.L beat estimates with a 3% rise in profit, helped by record wealth income and strong markets activity.</p><p>UOB’s net interest margin fell to 1.82% in the third quarter from 2.05% a year earlier, as lower benchmark rates squeezed lending spreads.</p><p>($1 = 1.2942 Singapore dollars)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"LU0823417737.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC","LU0737861269.HKD":"FIDELITY ASEAN \"A \" (HKD) ACC","LU0878005551.USD":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","LU0261945553.USD":"FIDELITY ASEAN \"A\" ACC","LU0738912210.USD":"Blackrock Asia Pacific Equity Income A6 USD","LU0950375773.USD":"BNP PARIBAS SUSTAINABLE GLOBAL LOW VOL EQUITY \"C\" (USD) INC A","LU0516422366.SGD":"Fullerton Lux Funds - Asia Focus Equities A Acc SGD","SG9999002406.SGD":"利安新加坡信托基金","BK6112":"综合性银行","U11.SI":"大华银行","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","LU0516423091.SGD":"FULLERTON LUX FUNDS - ASIA FOCUS 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agoSINGAPORE, Nov 6 (Reuters) - Singapore’s United Overseas Bank (UOB) said on Thursday it expects 2026 net interest margin to be lower than this year’s projection after its third-quarter profit dropped sharply, hit by a surge in credit provisions.UOB UOBH.SI, Southeast Asia's third-largest bank by assets, said July-September net profit slumped to S$443 million ($342.30 million) from S$1.61 billion a year earlier.The slide was mainly due to S$1.36 billion in allowances for credit and other losses, including S$615 million in pre-emptive general provisions.This missed the mean estimate of almost S$1.35 billion from two analysts polled by LSEG.\"We proactively set aside general allowances to significantly enhance provision coverage, backed by our strong capital base,\" Deputy Chairman and CEO Wee Ee Cheong said in a statement, adding that dividend plans remain intact.UOB expects 2026 full-year NIM at 1.75%-1.80%, below the projected 1.85%-1.90% for this year, alongside low single-digit loan growth, high single- to double-digit fee growth, and total credit costs of 25-30 basis points.Larger peer DBS Group DBSM.SI earlier posted a 2% drop in third-quarter earnings that beat forecasts.Both Singapore banks’ earnings come after mixed results from global counterparts last week.HSBC HSBA.L reported a 14% fall in pretax profit after a $1.4 billion litigation charge tied to the Bernard Madoff fraud, while Standard Chartered STAN.L beat estimates with a 3% rise in profit, helped by record wealth income and strong markets activity.UOB’s net interest margin fell to 1.82% in the third quarter from 2.05% a year earlier, as lower benchmark rates squeezed lending spreads.($1 = 1.2942 Singapore 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