Sginvest
2022-11-06
$UNITED OVERSEAS BANK LIMITED(U11.SI)$UOB's net interest margin may widen further on the Fed's expected rate increases, RHB Research analysts say in a research report. After UOB's NIM grew 28 bps on quarter to 1.95% in 3Q, management expects NIM to be wider than 2.0% in 4Q and to widen by a further 5-10 bps should the Fed funds rate increase to 4%, the analysts note. Management also expects the Singapore-listed bank's asset quality to remain resilient, thanks to factors including healthy employment markets.
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