---
type: "Topics"
locale: "en"
url: "https://longbridge.com/en/topics/100000000968871.md"
description: "Iggy’s Journal: UOB’s Profit Almost Trebled to S$1.25 Billion and Still Missed Forecasts. The STI Has Fallen Three Sessions in a RowWed 4 Nov 2026 | MorningThe NumbersThe STI closed on Tuesday 3 November at 5,269.29, down 34.54 points or 0.65%, its third fall in a row. It is down 2.35% from the 29 October close of 5,396.03. On Wall Street, the Dow fell 197.26 points or 0.38% to 51,786.72, the S&P 500 rose 27.52 or 0.36% to 7,568.92, and the Nasdaq rose 0.83% to 25,372.01. The Associated Press tied the split to a rebound in AI and chip shares, offset by a fall in Apple after it warned of margin pressure from rising memory chip costs. January Brent futures settled at US$103.60, down US$1.17 or 1.12%, the lowest settlement since 7 October according to Dow Jones Market Data. Business Times headlines: UOB’s third-quarter net profit almost trebled to S$1.25 billion off a low base but missed forecasts; SIA Engineering’s first-half profit fell 1.7% to S$81.9 million. $UOB(U11.SG) My Personal TakeThe UOB headline holds two readings in one sentence. Profit almost trebled, it still missed forecasts, and the headline itself says the base was low. That tells me the S$1.25 billion deserves more attention than the word “trebled”. What I want to know is how much of it will repeat, and which quarters it should be set against. My UOB results analysis comes later in a longform content. Cheers,Iggy 🦖Not financial advice. Iggy’s Forensic Compliance Standards apply."
datetime: "2026-11-04T00:42:42.000Z"
locales:
  - [en](https://longbridge.com/en/topics/100000000968871.md)
  - [zh-CN](https://longbridge.com/zh-CN/topics/100000000968871.md)
  - [zh-HK](https://longbridge.com/zh-HK/topics/100000000968871.md)
author: "[TheInvestingIguana](https://longbridge.com/en/profiles/22116548.md)"
generator: "portal-rs"
---

# Iggy’s Journal: UOB’s Profit Almost Trebled to S$1…


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## Comments (4)

- **Fattycat · 2026-11-04T01:23:14.000Z · 👍 1**: 37.5 should be a very good support level.  Price to book around 1.3.. slightly above fair value.
  - **TheInvestingIguana** (2026-11-04T02:39:44.000Z): Yes I've to agree with you. Worth eye balling....cheers, Iggy 🦎
- **Fattycat · 2026-11-04T01:18:19.000Z · 👍 1**: UOB bleeding now 😣
- **xiaochu · 2026-11-04T01:12:14.000Z · 👍 1**: Drop drop drop


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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**