Outlook for UOB lags DBS, OCBC amid spotlight on asset quality in Q3
Analysts remain positive on DBS and OCBC given resilient results supported by strong non-interest income
Market outlook for UOB has turned cautious compared with DBS and OCBC, amid greater concerns over the former’s asset quality.
This came after UOB missed expectations when it posted a 72 per cent fall in its net profit to S$443 million for Q3, largely driven by pre-emptive provisions.
Analysts remained positive on DBS and OCBC, however, given resilient results supported by strong non-interest income in the quarter.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
