Brokers' take

United Overseas Bank | Buy (maintained) Target price: S$29.80 Jan 29 close: S$25.53 RHB Research Institute, Jan 29

Consumer loan growth will likely slow in Q4 2018. After the July 2018 residential property tightening measures, the mortgage business has slowed. Nonetheless, with 9M 2018 year-to-date loan growth of 8 per cent, we believe a 10 per cent loan growth for 2018 is likely.

Lending yields will also likely be muted, but funding costs are expected to rise at a slower pace. The 3-month SIBOR averaged 1.73 per cent in Q4 2018, up from Q3 2018's 1.63 per cent. It is currently at …