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Brokers' take

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Published Thu, Jun 20, 2019 · 09:50 PM

United Overseas Bank | Buy (upgraded) June 20 close: S$26.22 Fair value: S$28.90 OCBC Investment Research, June 20

As at Wednesday's closing, United Overseas Bank's (UOB's) shares rallied for nine straight days or up a strong nine per cent.

Weakness in the banking sector in May and June was largely due to concern of trade war, weakening global and regional economic outlook and more importantly, the rising likelihood of further cuts in interest rates.

GSS Energy

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The new vehicles will comprise a mix of fully electric and hybrid models, including the BYD Seal 6 DM-i.

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StarHub’s H1 Ebitda – excluding Ensign, a cybersecurity joint venture with Temasek – fell 23.8% for the period ended Jun 30.

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Sats posted a S$75.1 million net profit for Q1, up 6% from S$70.9 million in the same year-ago period.

Sats slides 13.6% as investors dump shares on profit-margin squeeze

Handled passively, satellite connectivity becomes a service that the telco distributes, while somebody else sets the economics.

When every phone becomes a satellite phone, what happens to Asia’s telcos?

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