UOB - Net Profit Down 1.5% YoY, Credit Costs +126% YoY, Citi Costs ~5% of Profit, Expect Worsening
⬇ $UOB(U11.SI)$ - UOB results are out just out, they do not look good, with worsening loan growth, sharply higher credit costs, meaningful divergence in recoveries and new NPAs. Citi integration costs are substantial.
Continue reading on Smartkarma:- https://www.smartkarma.com/insights/uob-net-profit-down-1-5-yoy-credit-costs-126-yoy-citi-costs-5-of-profit-expect-worsening?utm_source=tiger_community
By Daniel Tabbush, Insight Provider on Smartkarma:- https://www.smartkarma.com/profiles/daniel-tabbush?utm_source=tiger_community
On UOB (U11.SI):- https://www.smartkarma.com/entities/united-overseas-bank-ltd?utm_source=tiger_community
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- MQ123·2023-10-30Great ariticle, would you like to share it?LikeReport