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UOB Shows 2Q Robust Results. Is It A Good Time To Buy Singapore Bank Stocks Now?

UOB Shows 2Q Robust Results. Is It A Good Time To Buy Singapore Bank Stocks Now?

UOB has announced its 2Q18 net earnings of S$1077m on last Thursday, that’s +28% increase YoY and +10% QoQ.

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The outperformance came from a strong improvement in Net Interest Income which rose 14% YoY and 5% QoQ. In addition, Non-interest Income also grew 5% QoQ to S$800m. Net Interest Margin (NIM) eased off slightly from 1.84% in the previous quarter to 1.83% this quarter, but this is still an increase over 1.75% in 2Q17. Management has also declared an interim dividend of 50 cents (vs 35 cents in 2Q17), and this is payable on 28 Aug 2018.

How does UOB compare with its peer, DBS?

DBS on the other hand, reported an 18% gain in net profit for 2Q18 but that missed expectations as stronger net interest income was offset in part by a fall in non-interest income on lower trading income.

Why is that the case?

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SG’s 4th Telco…and Fed Raises the Rate!

SG’s 4th Telco…and Fed Raises the Rate!

2 major news happened this week: 1. TPG wins bid to become the 4th Telco and 2. US has increased interest rates!

TPG is 4th Official Telco

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TPG has won the bid to become the 4th telco, ousting out competition such as Circles.life and MyRepublic. A new entrant in the oligopolistic market for telecommunications, might just shake up the market share for the Big 3 telcos of Singapore.

However, the question is now to what extent is TPG going to shake up the market share?

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