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Finance

United Overseas Bank Ltd. (Singapore)

  • 26.95 SGD
  • +0.26
  • +0.97%
  • Singapore
    Aug 16, 2018
  • Ticker
    SES(U11)
  • Prev. close
    26.69
  • Market cap (SGD)
    44,853.65M
  • Market cap (USD)
    32,592.38M
  • Shares
    1,680.54M

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 2017 SGDUSD
Revenue12,392.02M8,976.61M
Gross Profit----
Operating income4,156.68M3,011.04M
Income before tax4,206.76M3,047.32M
Net income3,287.96M2,381.76M
EBITDA----
Diluted EPS1.981.43
Dividends Per Share10.72
Total Assets358,702.05M268,409.18M
Total liabilities324,639.43M242,920.84M
Total equity33,875.96M25,348.66M
Operating cash flow7,072.45M5,123.18M
Currency in SGDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 9,062.35M 10,047.93M 10,914.01M 11,351.44M 12,392.02M
Gross Profit -- -- -- -- --
Operating income 3,422.93M 3,699.18M 3,829.76M 3,783.64M 4,156.68M
Income before tax 3,584.13M 3,824.86M 3,868.70M 3,776.91M 4,206.76M
Net income 3,007.90M 3,183.70M 3,143.49M 3,012.20M 3,287.96M
EBITDA -- -- -- -- --
Diluted EPS 1.84 1.97 1.93 1.85 1.98
Dividends Per Share 0.75 0.75 0.70 0.70 1
Total Assets 284,406.19M 306,860.84M 316,118.80M 340,140.86M 358,702.05M
Total liabilities 259,174.93M 278,434.83M 286,541.02M 309,193.55M 324,639.43M
Total equity 25,041.92M 28,223.35M 29,422.41M 30,778.70M 33,875.96M
Operating cash flow 2,817.67M 4,508.74M 1,969.39M 4,121.99M 7,072.45M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 7,242.21M 7,930.55M 7,935.97M 8,221.82M 8,976.61M
Gross Profit -- -- -- -- --
Operating income 2,735.44M 2,919.66M 2,784.76M 2,740.48M 3,011.04M
Income before tax 2,864.27M 3,018.86M 2,813.07M 2,735.61M 3,047.32M
Net income 2,403.77M 2,512.80M 2,285.75M 2,181.72M 2,381.76M
EBITDA -- -- -- -- --
Diluted EPS 1.47 1.55 1.40 1.34 1.43
Dividends Per Share 0.59 0.59 0.50 0.50 0.72
Total Assets 225,254.40M 231,575.62M 222,830.71M 235,440.47M 268,409.18M
Total liabilities 205,270.82M 210,123.64M 201,981.47M 214,019.21M 242,920.84M
Total equity 19,833.61M 21,299.04M 20,739.72M 21,304.56M 25,348.66M
Operating cash flow 2,251.75M 3,558.62M 1,432.01M 2,985.54M 5,123.18M

Valuation Measures

Dec 2017
PER13.29
ROA0.94%
ROE10.17%
Operating margin33.54%
Profit margin26.53%

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 (9.9%)
  • LIEN FAMILY (5.1%)
  • Tai Tak Estates Sdn. Bhd. (4.0%)
  • The Vanguard Group, Inc. (1.9%)
  • BlackRock Fund Advisors (1.4%)
  • WEE CHO YAW (1.2%)
  • Vontobel Asset Management, Inc. (0.9%)
  • Invesco Advisers, Inc. (0.8%)
  • Norges Bank Investment Management (0.7%)
  • Matthews International Capital Management LLC (0.7%)

Contact Details

  • Website:http://www.uob.com.sg
  • Address: UOB Plaza, 80 Raffles Place, Singapore, 048624, Singapore
  • Phone: +65.6533.9898

Related Companies

  • UOB Property Investments China Pte Ltd.
  • United Overseas Bank Ltd. /Global Banknotes Bus/
  • UOBBF Clearing Ltd.
  • UOBM Nominees (Tempatan) Sdn. Bhd.
  • United Overseas Bank Ltd. (Brunei)
  • United Overseas Bank Ltd. (Myanmar)
  • United Overseas Bank Ltd. (United Kingdom)
  • United Overseas Bank Ltd. (India)
  • United Overseas Bank Ltd. (Japan)
  • United Overseas Bank Ltd. (Vietnam)
  • UOB-SM Asset Management Pte Ltd.
  • United Overseas Bank Ltd. (Vancouver Branch)
  • United Overseas Bank Limited
  • Lee Wah Bank Ltd.
  • United Overseas Bank Hong Kong
  • United Overseas Bank Taipei
  • HSBC Holdings Plc /Asian Wholesale Banknotes Bus/
  • United Overseas Bank (Australia)
  • United Securities (2006) Pvt Ltd.
  • UOB Bullion & Futures Co. Ltd. (Thailand)
  • United Overseas Bank (China) Ltd.
  • UOB Travel Planners Pte Ltd.
  • UOB Holdings Pte Ltd.
  • UOB Holdings (USA), Inc.
  • United Overseas Bank Trustee Ltd.
  • Uobbulion & Futures Ltd. /Taiwan Branch/
  • United Overseas Bank Ltd. (Korea)
  • United Overseas Bank Nominees (Pte) Ltd.
  • United Overseas Bank Group
  • UOB Global Capital SARL

Competitors

  • Kiatnakin Bank Public Co. Ltd.
  • Kasikornbank Public Co. Ltd.
  • Krung Thai Bank Public Co., Ltd.
  • TISCO Financial Group Public Co. Ltd.
Last Updated on 16 Aug, 2018

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