UOB outlook lags that of DBS, OCBC amid spotlight on asset quality in Q3
Analysts remain positive on DBS and OCBC given resilient results supported by strong non-interest income
[SINGAPORE] The market outlook for UOB has turned cautious compared with that for DBS and OCBC, amid greater concerns over the former’s asset quality.
This came after UOB missed expectations when it posted a 72 per cent fall in its net profit to S$443 million for Q3, driven largely by pre-emptive provisions.
Analysts remained positive on DBS and OCBC , however, given resilient results supported by strong non-interest income in the quarter.
TRENDING NOW
If Europe goes to war, the fallout will be felt in East Asia
Indonesia stocks suffer worst plunge in nearly 30 years as MSCI proposes standalone status
Keppel seeks US$1 billion for Vietnam investments as it joins country’s international financial centre
Philippines’ FDI slowdown exposes uneven investment prospects across S-E Asia