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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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Traffic through the strait has been resuming but with interruptions, and there is still little clarity over a permanent solution for passages through the chokepoint.

Qatari LNG ship struck in Strait of Hormuz, testing US talks

This comes after a Citi note on Tuesday that lifted target prices for all Singapore banks, with a leading preference and “buy” call for DBS.

DBS, OCBC and UOB shares hit all-time highs as sentiment improves

Aster deputy CEO Andre Khor, citing the age of the “polycrisis”, says: “It’s very important to be agile, to be focused on execution… We don’t know all the answers but we keep going forward.”

‘Baptism of fire’: Andre Khor on leading Singapore refiner Aster through an energy crisis

Singapore is ranked as the world’s most expensive city for cars and placed third globally for residential property, according to Julius Baer.

Singapore retains top spot as most expensive city for HNWIs, with five Apac cities in global top 10

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