$UOB(U11.SG)A difficult week for UOB, with weakness across US markets adding to pressure on Singapore bank stocks. OCBC …
$UOB(U11.SG)
A difficult week for UOB, with weakness across US markets adding to pressure on Singapore bank stocks. OCBC appears to have been the only local bank to beat earnings expectations this week, highlighting the challenging operating environment. The key question is whether this broader weakness will persist or prove to be a short-term bout of risk aversion. Strong US jobs data could complicate the Fed’s rate-cut path, keeping Treasury yields higher for longer and potentially supporting UOB’s NIMs.
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