$UOB(U11.SG)UOB slipped 1.7% today, in line with broader weakness across Singapore banks as the STI fell 1.4%. Investors…
$UOB(U11.SG)
UOB slipped 1.7% today, in line with broader weakness across Singapore banks as the STI fell 1.4%. Investors appear cautious ahead of the US midterms and this week’s bank earnings, with concerns around softer wealth fees and margin pressures also weighing on sentiment. I’m not reading too much into the pullback just yet. Will be watching Q3 results for signs of an earnings recovery as well as the guidance - especially with US rates remaining elevated.
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