UOB's Credit Costs May Have Normalized in 4Q -- Market Talk

Dow Jones01-22 15:52

0752 GMT - United Overseas Bank's credit costs are likely to have normalized in 4Q, says Macquarie Capital's Jayden Vantarakis in an email. The Singapore lender built sufficient buffers in 3Q, lifting its general allowance and specific coverage to levels that are comparable with peers, he says. Credit card fees are typically strong in 4Q and UOB is more exposed to this segment than other local banks, he adds. He also views UOB's wealth business as an opportunity, given it is underweight in that segment relative to peers. Macquarie upgrades its rating on UOB to outperform from neutral and raises its target price to S$41.00 from S$31.91. Shares rise 2.1% to S$37.54. (megan.cheah@wsj.com; amanda.lee@wsj.com)

(END) Dow Jones Newswires

January 22, 2026 02:52 ET (07:52 GMT)

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He also views UOB's wealth business as an opportunity, given it is underweight in that segment relative to peers. Macquarie upgrades its rating on UOB to outperform from neutral and raises its target price to S$41.00 from S$31.91. Shares rise 2.1% to S$37.54. (megan.cheah@wsj.com; amanda.lee@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 22, 2026 02:52 ET (07:52 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UOB's Credit Costs May Have Normalized in 4Q -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUOB's Credit Costs May Have Normalized in 4Q -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-01-22 15:52</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0752 GMT - <a href=\"https://laohu8.com/S/UOVEF\">United Overseas</a> Bank's credit costs are likely to have normalized in 4Q, says <a href=\"https://laohu8.com/S/MQG.AU\">Macquarie</a> Capital's Jayden Vantarakis in an email. The Singapore lender built sufficient buffers in 3Q, lifting its general allowance and specific coverage to levels that are comparable with peers, he says. Credit card fees are typically strong in 4Q and UOB is more exposed to this segment than other local banks, he adds. He also views UOB's wealth business as an opportunity, given it is underweight in that segment relative to peers. Macquarie upgrades its rating on UOB to outperform from neutral and raises its target price to S$41.00 from S$31.91. Shares rise 2.1% to S$37.54. (megan.cheah@wsj.com; amanda.lee@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 22, 2026 02:52 ET (07:52 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2152927971.USD","symbol_name":"NORDEA 1 ASIAN STARS EQUITY \"BP\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2605463113","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2605463113","pubTimestamp":1769068320,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0752 GMT - United Overseas Bank's credit costs are likely to have normalized in 4Q, says Macquarie Capital's Jayden Vantarakis in an email. 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ASIA GROWTH & INCOME EQUITIE \"I\" (EUR) ACC","SG9999002604.SGD":"LionGlobal Singapore/Malaysia SGD","SG9999001135.SGD":"United ASEAN Fund SGD"},"translate_title":"大华银行的信贷成本可能已在第四季度正常化——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"U11.SI":1.96},"content_text":"0752 GMT - United Overseas Bank's credit costs are likely to have normalized in 4Q, says Macquarie Capital's Jayden Vantarakis in an email. The Singapore lender built sufficient buffers in 3Q, lifting its general allowance and specific coverage to levels that are comparable with peers, he says. Credit card fees are typically strong in 4Q and UOB is more exposed to this segment than other local banks, he adds. He also views UOB's wealth business as an opportunity, given it is underweight in that segment relative to peers. Macquarie upgrades its rating on UOB to outperform from neutral and raises its target price to S$41.00 from S$31.91. Shares rise 2.1% to S$37.54. 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