UOB's Stock Valuation Seems Decent -- Market Talk

Dow Jones05-08 15:27

0727 GMT - United Overseas Bank's stock valuation seems decent, reflecting asset quality risks and weaker provision coverage compared with the sector, RHB Research analysts write in a report. With general provision reserve kept at 1% of its performing loans, UOB sees it as enough protection against future asset quality deterioration. While the Singapore bank's exposure to the Middle East is limited, the broader effects are uncertain. UOB also sees its buffers as adequate after adding extra provisions as a precautionary move against Middle East-related risks. RHB maintains a neutral rating on the stock with a target price of S$39.50. Shares are 0.4% lower at S$36.56.(amanda.lee@wsj.com)

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May 08, 2026 03:27 ET (07:27 GMT)

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UOB also sees its buffers as adequate after adding extra provisions as a precautionary move against Middle East-related risks. RHB maintains a neutral rating on the stock with a target price of S$39.50. 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With general provision reserve kept at 1% of its performing loans, UOB sees it as enough protection against future asset quality deterioration. While the Singapore bank's exposure to the Middle East is limited, the broader effects are uncertain. UOB also sees its buffers as adequate after adding extra provisions as a precautionary move against Middle East-related risks. RHB maintains a neutral rating on the stock with a target price of S$39.50. Shares are 0.4% lower at S$36.56.(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  May 08, 2026 03:27 ET (07:27 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":"SG9999006266.SGD","symbol_name":"MANULIFE SINGAPORE EQUITY \"A\" (SGD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2633480653","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633480653","pubTimestamp":1778225220,"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":"0727 GMT - United Overseas Bank's stock valuation seems decent, reflecting asset quality risks and weaker provision coverage compared with the sector, RHB Research analysts write in a report. 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With general provision reserve kept at 1% of its performing loans, UOB sees it as enough protection against future asset quality deterioration. While the Singapore bank's exposure to the Middle East is limited, the broader effects are uncertain. UOB also sees its buffers as adequate after adding extra provisions as a precautionary move against Middle East-related risks. RHB maintains a neutral rating on the stock with a target price of S$39.50. Shares are 0.4% lower at S$36.56.(amanda.lee@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 08, 2026 03:27 ET (07:27 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.42.1","shortVersion":"4.42.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2633480653","isCrawlerRequest":true}