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Finance
United Overseas Bank Ltd. (Singapore)
- 26.95 SGD
- +0.26
- +0.97%
Singapore
Aug 16, 2018Ticker
SES(U11)Prev. close
26.69Market cap (SGD)
44,853.65MMarket cap (USD)
32,592.38MShares
1,680.54M
In the news
- Malaysia stock market erases 2018 gains as debt woes mount May 24, 2018
- Malaysia shares fell most in 4 months on geopolitical woes May 23, 2018
- Singapore shares gain amid Asian rally, Malaysia falls May 21, 2018
- Malaysia, Singapore shares gain amid mixed Asian markets May 16, 2018
- Singapore shares rebound amid broader Asian gains May 11, 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 2017 | SGD | USD |
| Revenue | 12,392.02M | 8,976.61M |
| Gross Profit | -- | -- |
| Operating income | 4,156.68M | 3,011.04M |
| Income before tax | 4,206.76M | 3,047.32M |
| Net income | 3,287.96M | 2,381.76M |
| EBITDA | -- | -- |
| Diluted EPS | 1.98 | 1.43 |
| Dividends Per Share | 1 | 0.72 |
| Total Assets | 358,702.05M | 268,409.18M |
| Total liabilities | 324,639.43M | 242,920.84M |
| Total equity | 33,875.96M | 25,348.66M |
| Operating cash flow | 7,072.45M | 5,123.18M |
| Currency in SGD | Currency in USD |
Historical Data
| Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 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 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 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 | |
| PER | 13.29 |
| ROA | 0.94% |
| ROE | 10.17% |
| Operating margin | 33.54% |
| Profit margin | 26.53% |
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.
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