UOB share prices swing back to $1.8 average after book deterioration

But don’t get too excited yet.

After its recent price correction, UOB’s premiums over peers have largely reverted to their averages in the past 10 years.

Following the release of its 2Q14 results, the bank’s shares have corrected on a deterioration in its housing book and tighter SGD funding profile.

But this is not the say that the bank will be on a stellar upswing, according to Maybank Kim Eng. Near-term catalysts are not in sight, according to Maybank, indicating that the bank’s performance will continue to be overshadowed by other top Singapore banks like DBS. 

Join Singapore Business Review community
Join Singapore Business Review community
A NOTE FROM SINGAPORE BUSINESS REVIEW

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.