[New post] CIMB: UOB – ADD TP $29

alanyeo posted: " UOB reported 3Q21 earnings this morning.---UOB's 3Q21 net profit of S$1.05bn (+4% qoq/+57% yoy) was in line with our S$1.03bn estimate, and 10% above consensus' S$995m expectations. 9M21 formed 75%/78% of our/consensus forecasts.NIM held steady (NII +3% " New post on Alpha Edge Investing CIMB: UOB – ADD TP $29 by alanyeo UOB reported 3Q21 earnings this morning.---UOB's 3Q21 net profit of S$1.05bn (+4% qoq/+57% yoy) was in line with our S$1.03bn estimate, and 10% above consensus' S$995m expectations. 9M21 formed 75%/78% of our/consensus forecasts. NIM held steady (NII +3% qoq) while fee income remained resilient in 3Q21. NPLs stable at 1.5% as new NPA formation was […] Read more of this post alanyeo | November 3, 2021 at 2:54 pm | Tags: UOB | Categories: Equities - Research Reports by Brokers/ Banks | URL: https://wp.me/p7fA1-5O2 Comment    See all comments Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2021/11/03/cimb-uob-add-tp-29/