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Finance
United Overseas Bank Ltd. (Singapore)
- 29.87 SGD
- +0.18
- +0.61%
Singapore
Apr 20, 2018Ticker
SES(U11)Prev. close
29.69Market cap (SGD)
49,627.90MMarket cap (USD)
37,705.40MShares
1,671.53M
In the news
- After 6 decades, tycoon Wee Cho Yaw retires from UOB board Apr 21, 2018
- Singapore shares gain for fourth week, fueled by banks, energy companies Apr 20, 2018
- Singapore stocks hit three-month high as banks advance Apr 19, 2018
- Singapore stocks rise to two-month highs on China's surprise bank reserve ratio cut Apr 18, 2018
- Malaysian stocks advance, fueled by energy, telecom firms Apr 16, 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 (10.0%)
- LIEN FAMILY (5.1%)
- Tai Tak Estates Sdn. Bhd. (4.1%)
- The Vanguard Group, Inc. (1.8%)
- BlackRock Fund Advisors (1.4%)
- WEE CHO YAW (1.2%)
- Invesco Advisers, Inc. (0.9%)
- Vontobel Asset Management, Inc. (0.8%)
- Matthews International Capital Management LLC (0.8%)
- Norges Bank Investment Management (0.8%)
Contact Details
- Website:http://www.uob.com.sg
- Address: UOB Plaza, 80 Raffles Place, Singapore, 048624, Singapore
- Phone: +65.6533.9898
Related Companies
- 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.
- United Overseas Bank Nominees (Pte) Ltd.
- United Overseas Bank Group
- UOB Global Capital SARL
- UOB Nominees (2006) Pvt Ltd.
- UOB Trust Ltd.
Competitors
- Kiatnakin Bank Public Co. Ltd.
- Kasikornbank Public Co. Ltd.
- Krung Thai Bank Public Co., Ltd.
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