United Overseas Bank Ltd
U11: XSES (SGP)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
SGD 18.00 | Dgvxl | Smjhtkbvd |
United Overseas Bank Earnings: In Line As Net Interest Margin Offsets Higher Credit Costs
Second-quarter earnings from Singapore’s United Overseas Bank, or UOB, were in line with our expectations. We maintain our fair value estimate of SGD 38, equivalent to 1.5 times book value and 32% above the current price.