SGX:U11Banks
UOB (SGX:U11) Valuation in Focus After Sharp Q3 Profit Drop and Investor Caution
United Overseas Bank (SGX:U11) has reported a sharp 72% year-on-year drop in third-quarter net profit, mainly after significantly increasing its credit provisions to cover potential risks in a tougher global environment.
See our latest analysis for United Overseas Bank.
Following the news of UOB's sharp third-quarter profit decline, the bank’s share price has been trending lower, with a 7.4% year-to-date price return reflecting investors’ heightened caution around asset quality and margin...