UOB Kay Hian Stock Forum

$UOB Kay Hian (U10.SG)$
UOB Kay Hian H2 profit up 92.2% as interest income jumps 28.7%.
For H2 2023, the group’s net profit grew to S$96.3 million, up from S$50.1 million in the year-ago period.
For the full year, revenue increased by 19.3 % to S$591.5 million. Its net profit rose by 62.6 % to S$165.6 million, up from FY2022’s S$101.9 million
Dividend: 0.092

UOB Kay Hian expected $XIAOMI-W (01810.HK)$ 's 3Q23 revenue to rise 0.3% YoY to RMB70.6 billion, with a strong recovery in smartphone deliveries, and modest growth in AIoT and network service businesses. Gross margins were a surprise, thanks to strong pricing, low cost components, and optimization of SKU management.
The broker forecast gross margins of the company to expand by 0.4 ppts QoQ, operating expense ratio to fal...

$UOB (U11.SG)$ $UOB Kay Hian (U10.SG)$
This comes after the company’s clarification on Oct 16 on its decision to continue designating Tang as an independent director.
The company responded to queries from Singapore Exchange Regulation (SGX RegCo) on Monday on whether the board of UOBKH and the nominating committee had exercised a more “rigorous review” of Tang’s independence in view of his ties with t...

$UOB Kay Hian (U10.SG)$ notching the most gains to reach S$28.70, up S$0.26 or 0.9 per cent. $DBS Group Holdings (D05.SG)$climbed S$0.12 or 0.4 per cent to S$33.42, and $OCBC Bank (O39.SG)$added S$0.08 or 0.6 per cent to S$12.63.

$UBS Group (UBS.US)$
Credit Suisse private bankers in Singapore will move to UBS Group’s flagship offices near a prime shopping district in the city-state as the merger of the two banks begins in earnest, according to people familiar with the matter.
Some of the employees are set to start the relocation as soon as next month, one of the people said, who asked not to be identified discussing private information. UBS relationship manager...

Singapore stocks ended the week lower on Friday (Jun 23), tracking a decline in regional markets.
$FTSE Singapore Straits Time Index (.STI.SG)$fell 1 per cent or 30.83 points to 3,191.6. Losers outnumbered gainers 341 to 209, after 1.8 billion shares worth S$1.2 billion changed hands.
IG market analyst Yeap Jun Rong noted that US Federal Reserve chair Jerome Powell had reiterated his hawkish tone overnight but “Wall Street seems to be taking it in...