Shares & Derivatives
[Paywall] UOB share price to sink or swim with COVID-19?
By SG Wealth Builder  •  May 15, 2020
Sometimes, reality defies logic. By right, bank stocks should have crashed with the onset of the COVID-19 pandemic and the unfolding oil crisis. But DBS, OCBC and UOB share price had been quite resilient amid the unprecedented economic challenges. Bank counters had not collapsed like what they did during the Global Financial Crisis in 2008. Perhaps the massive stimulus packages by US Federal Reserves had helped to restore market confidence. Where will UOB share price go from here? In terms of first quarter financial results, UOB lost out to DBS but managed to beat OCBC comprehensively. Net earnings amounted to $855 million, a decline of 19% as compared to Q1FY2019. Overall, UOB’s decline was much better than DBS (-29%) and OCBC (-43%). Despite so, the outlook for UOB share price looks pretty grim as the bank navigates through the storm. UOB share price  ...
Read the full article
By SG Wealth Builder
Welcome to SG Wealth Builder! My name is Gerald and I hope that you find this blog useful in your wealth building journey. The motto of this blog is “to make money, to build wealth and to preserve wealth” ...
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance