Finance
United Overseas Bank Ltd. (Singapore)
- 25.22 SGD
- +0.24
- +0.96%
Singapore
May 17, 2019Ticker
SES(U11)Prev. close
24.98Market cap (SGD)
41,979.90MMarket cap (USD)
30,486.50MShares
1,680.54M
In the news
- Southeast Asian banks log double-digit gains on strong lending Mar 8, 2019
- Asia's highest paid CEOs trump US execs in pay rankings Dec 19, 2018
- Singapore growth disappoints, trade war shadows outlook Nov 22, 2018
- DBS, UOB open payments front in ride-hailing battle Nov 12, 2018
- Despite trade war, DBS sees conditions as favoring growth Nov 5, 2018 See more articles on United Overseas Bank Ltd. (Singapore)
Company Background
United Overseas Bank (UOB) is one of Singapore's top three banking groups, but the smallest in terms of assets. It was founded in 1935 by the Wee family, which owns a 17% share. CEO and Deputy Chairman Wee Ee Cheong is the third generation of Wees to run the bank. His father, Wee Cho Yaw, shaped the bank into what it is today, through a series of acquisitions and overseas expansions. Cho Yaw is also Singapore's fourth richest man as ranked by Forbes this year. He stepped down from the chairmanship in April 2013 and handed it over to Hsieh Fu Hua, the former head of the Singapore Exchange.
In the past 10 years, UOB has strengthened its footholds in Asia, acquiring smaller banks in Indonesia and Thailand. China is the bank's key overseas market, with 16 outlets there. UOB is looking to grow in western China and opened a branch in the southwestern city of Chongqing in September 2014. UOB is also making inroads in Myanmar. It is one of the first nine international banks to be awarded a bank license from the government.
Business Summary
United Overseas Bank Ltd. (Singapore) engages in the provision of financial services. It operates through the following segments: Group Retail (GR); Group Wholesale Banking (GWB); Global Markets (GM); and Others. The GR segment provides customers with financial solutions. The GWB segment offers tailored financial solutions, services and sector insights. The GM segment manages the bank's liquidity, investments, and market making financial instruments. The Others segment covers non-banking activities and corporate functions. The company was founded by Wee Kheng Chiang on August 6, 1935 and is headquartered in Singapore.
Financial Highlights
| Dec 2018 | SGD | USD |
| Revenue | 14,353.51M | 10,637.72M |
| Gross Profit | -- | -- |
| Operating income | 4,700.65M | 3,483.76M |
| Income before tax | 4,826.21M | 3,576.82M |
| Net income | 3,896.94M | 2,888.11M |
| EBITDA | -- | -- |
| Diluted EPS | 2.33 | 1.72 |
| Dividends Per Share | 1.20 | 0.88 |
| Total Assets | 388,092.35M | 284,733.93M |
| Total liabilities | 350,279.56M | 256,991.60M |
| Total equity | 37,623.09M | 27,603.15M |
| Operating cash flow | 4,310.32M | 3,194.48M |
| Currency in SGD | Currency in USD |
Historical Data
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 10,047.93M | 10,914.01M | 11,351.44M | 12,392.02M | 14,353.51M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 3,699.18M | 3,829.76M | 3,783.64M | 4,156.68M | 4,700.65M |
| Income before tax | 3,824.86M | 3,868.70M | 3,776.91M | 4,206.76M | 4,826.21M |
| Net income | 3,183.70M | 3,143.49M | 3,012.20M | 3,287.96M | 3,896.94M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 1.97 | 1.93 | 1.85 | 1.98 | 2.33 |
| Dividends Per Share | 0.75 | 0.70 | 0.70 | 1 | 1.20 |
| Total Assets | 306,860.84M | 316,118.80M | 340,140.86M | 358,702.05M | 388,092.35M |
| Total liabilities | 278,434.83M | 286,541.02M | 309,193.55M | 324,639.43M | 350,279.56M |
| Total equity | 28,223.35M | 29,422.41M | 30,778.70M | 33,875.96M | 37,623.09M |
| Operating cash flow | 4,508.74M | 1,969.39M | 4,121.99M | 7,072.45M | 4,310.32M |
| Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | |
| Revenue | 7,930.55M | 7,935.97M | 8,221.82M | 8,976.61M | 10,637.72M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 2,919.66M | 2,784.76M | 2,740.48M | 3,011.04M | 3,483.76M |
| Income before tax | 3,018.86M | 2,813.07M | 2,735.61M | 3,047.32M | 3,576.82M |
| Net income | 2,512.80M | 2,285.75M | 2,181.72M | 2,381.76M | 2,888.11M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 1.55 | 1.40 | 1.34 | 1.43 | 1.72 |
| Dividends Per Share | 0.59 | 0.50 | 0.50 | 0.72 | 0.88 |
| Total Assets | 231,575.62M | 222,830.71M | 235,440.47M | 268,409.18M | 284,733.93M |
| Total liabilities | 210,123.64M | 201,981.47M | 214,019.21M | 242,920.84M | 256,991.60M |
| Total equity | 21,299.04M | 20,739.72M | 21,304.56M | 25,348.66M | 27,603.15M |
| Operating cash flow | 3,558.62M | 1,432.01M | 2,985.54M | 5,123.18M | 3,194.48M |
Valuation Measures
| Dec 2018 | |
| PER | 10.49 |
| ROA | 1.04% |
| ROE | 10.90% |
| Operating margin | 32.74% |
| Profit margin | 27.14% |
Key executives
- Deputy Chairman & Chief Executive Officer: Ee Cheong Wee
- Group Head-Technology & Operations: Wai Cheng Hwee
- Group Chief Financial Officer: Wai Fai Lee
- Chief Information Officer: Setio Darmawan
- Group Head-Compliance: Victor Ngo
Shareholders
- WEE FAMILY (10.1%)
- LIEN FAMILY (5.1%)
- Tai Tak Estates Sdn. Bhd. (4.0%)
- Haw Par Corp. Ltd. (3.0%)
- The Vanguard Group, Inc. (2.0%)
- BlackRock Fund Advisors (1.5%)
- WEE CHO YAW (1.2%)
- Norges Bank Investment Management (0.9%)
- Vontobel Asset Management, Inc. (0.8%)
- Invesco Advisers, Inc. (0.7%)
Contact Details
- Website:http://www.uobgroup.com
- Address: UOB Plaza, 80 Raffles Place, Singapore, 048624, Singapore
- Phone: +65.6533.9898
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- Uobbulion & Futures Ltd. /Taiwan Branch/
Competitors
- Kasikornbank Public Co. Ltd.
- Krung Thai Bank Public Co., Ltd.
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Last Updated on 17 May, 2019