Latest news with #UnitedOverseasBank
Reuters
5 days ago
- Business
- Reuters
DBS, UOB provide $411 million loan to DayOne-INA data centre project in Indonesia
SINGAPORE, June 5 (Reuters) - Singaporean banks DBS Group ( opens new tab and United Overseas Bank ( opens new tab said on Thursday that they had jointly provided a 6.7 trillion rupiah ($411 million) loan to finance a data centre campus in Indonesia. DBS and UOB are Southeast Asia and Singapore's biggest and third largest lender by assets respectively. The banks said in a statement that the loan for the project, to be jointly developed by Singapore-based data centre company DayOne and the Indonesia Investment Authority (INA), was the largest ever rupiah-denominated data centre financing deal. The funding comes at a time when investor appetite for data centres is growing in Asia, driven by demand for artificial intelligence and cloud computing-based services. The data centre project also marks INA's first investment in the sector and an expansion of DayOne in Indonesia, according to the statement. INA is Indonesia's sovereign wealth fund, wholly owned by the Indonesian government. Proceeds of the loan will be used to develop and operate three data centres located in the Nongsa Digital Park in Batam, according to the statement. Upon completion by end-2025, the campus will have a combined capacity of around 72 megawatts, which will account for around 5% of Indonesia's projected data centre capacity of 1.41 gigawatts by 2029, according to the statement. ($1 = 16,285.0000 rupiah)
Bloomberg
21-05-2025
- Business
- Bloomberg
Indonesian State-Miner Antam Seeks $500 Million Syndicated Loan
Indonesian miner Aneka Tambang Tbk, better known as Antam, is seeking a $500 million loan, according to people familiar with the matter, in what would be the country's first syndicated dollar borrowing from a state-owned enterprise this year. United Overseas Bank is the coordinator of the five-year financing, which is equally split into a term loan and a revolving credit facility, the people said, who asked not to be named discussing private matters.
Nikkei Asia
19-05-2025
- Business
- Nikkei Asia
Singapore's private banks use finance boot camps to target wealthy Chinese scions
SINGAPORE -- Over five days in Hong Kong, children of the cream of the crop of Singapore lender United Overseas Bank's clients networked with prominent enterprises in the Chinese-ruled city, such as Porsche sports car distributor Jebsen Motors. This first such expedition for the bank, in 2023, was part of a clutch of programs for rich scions on the rise as Singaporean private bankers chase affluent clients from China even as pressure for robust due diligence mounts in the wake of a massive money laundering case in the Southeast Asian finance hub.
Yahoo
13-05-2025
- Business
- Yahoo
Those who invested in United Overseas Bank (SGX:U11) five years ago are up 132%
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the market average. And while active stock picking involves risks (and requires diversification) it can also provide excess returns. For example, long term United Overseas Bank Limited (SGX:U11) shareholders have enjoyed a 76% share price rise over the last half decade, well in excess of the market return of around 22% (not including dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 24% in the last year, including dividends. Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. Trump has pledged to "unleash" American oil and gas and these 15 US stocks have developments that are poised to benefit. To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. During five years of share price growth, United Overseas Bank achieved compound earnings per share (EPS) growth of 7.0% per year. This EPS growth is lower than the 12% average annual increase in the share price. So it's fair to assume the market has a higher opinion of the business than it did five years ago. And that's hardly shocking given the track record of growth. You can see below how EPS has changed over time (discover the exact values by clicking on the image). It's good to see that there was some significant insider buying in the last three months. That's a positive. On the other hand, we think the revenue and earnings trends are much more meaningful measures of the business. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here.. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. In the case of United Overseas Bank, it has a TSR of 132% for the last 5 years. That exceeds its share price return that we previously mentioned. And there's no prize for guessing that the dividend payments largely explain the divergence! It's good to see that United Overseas Bank has rewarded shareholders with a total shareholder return of 24% in the last twelve months. That's including the dividend. That's better than the annualised return of 18% over half a decade, implying that the company is doing better recently. Given the share price momentum remains strong, it might be worth taking a closer look at the stock, lest you miss an opportunity. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. Take risks, for example - United Overseas Bank has 1 warning sign we think you should be aware of. There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of undervalued small cap companies that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Singaporean exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Malay Mail
10-05-2025
- Business
- Malay Mail
Singapore's OCBC posts profit beat, sets aside credit buffers for rougher ride ahead
SINGAPORE, May 9 — Oversea-Chinese Banking Corp (OCBC), Singapore's second largest bank, maintained 2025 guidance and set aside credit allowances, citing a challenging economic outlook after posting today a 5 per cent drop in first-quarter net profit that beat expectations. 'Looking ahead, the heightened uncertainties brought about by the shifts in trade policies and geopolitical risks are expected to have a dampening effect on overall economic growth in the region,' OCBC's Group Chief Executive Helen Wong said in a statement. 'We have prudently set aside credit allowances to buffer our portfolio on a forward-looking basis, in view of the challenging economic outlook,' she added. OCBC maintained all of its 2025 financial targets, including net interest margin in the region of 2 per cent and credit costs in the range of 20 to 25 basis points, according to Wong's presentation slides accompanying the earnings results. OCBC's results rounded up a solid first-quarter earnings season by Singapore banks with OCBC and DBS Group beating forecasts and United Overseas Bank posting stable but weaker-than-expected results. All three flagged uncertainties triggered by the impact of US President Donald Trump's tariffs, following major global lenders such as HSBC and Standard Chartered which have highlighted the threat to economic growth. OCBC, which is also South-east Asia's second-largest lender, said January-March net profit fell to S$1.88 billion (RM6.22 billion) from a record S$1.98 billion a year earlier, mainly on lower net interest income. It was OCBC's first on-year quarterly net profit drop since the first quarter of 2022. But the result beat the mean estimate of S$1.87 billion from two analysts polled by LSEG. OCBC, which counts Singapore, greater China and Malaysia among its key markets, posted a 25 per cent jump in total allowances in the first quarter to S$212 million. The lender attributed it mainly to allowances for non-impaired assets of S$118 million arising from changes in credit risk profiles and management overlays set aside for heightened uncertainties in the macroeconomic environment. Return on equity fell to 13 per cent in the first quarter from 14.7 per cent in the same period of 2024. Net interest margin, a key profitability gauge, dropped to 2.04 per cent during the quarter from 2.27 per cent a year earlier. — Reuters
