under expectation, dropped a lot partily due to STI drop
这年头,业绩报告不仅要好,而且要大大的好

每次有点什么风吹草动，UOB总是被打压得特别厉害！！
NND...

UOB results
Tuesday October 30, 11:18 PM
United Overseas Bank earnings up 8.2 percent in third quarter
Singapore's United Overseas Bank (UOB) said Tuesday third-quarter net profit rose 8.2 percent from a year ago, boosted by a growth in lending and income from fees and commission.

Earnings came in at 501 million Singapore dollars (346 million US) from 463 million dollars in the same period last year, the company said in a statement to the stock exchange.


Revenue for the three months to September was 1.1 billion dollars, up an annual 8.4 percent.

Net interest income grew 4.4 percent to 714 million dollars as lending expanded, while non-interest income increased 16.5 percent to 393 million dollars.

Compared with the second quarter, net profit fell 14.3 percent.

"The decrease was mainly due to lower trading and investment income resulting from mark-to-market losses from widening credit spreads triggered by the US subprime crisis," the bank said.

UOB said none of the 388 million dollars in collateralised debt obligations (CDOs) it holds as investment is in default.

For the September quarter, the bank said it set aside another 20 million dollars worth of provisions against its CDO investments, raising the total provision to 55 million dollars.

In addition, UOB made another 46 million dollars in provision for mark-to-market losses against its reserves.

"We are are pleased with the results achieved. Despite uncertainties in the financial market, our core business remains strong," said the UOB Group's deputy chairman and chief executive Wee Ee Cheong.

"The market is undergoing a volatile period but the impact of the credit volatility on our core business has been minimal."

Last Friday, rival DBS Group Holdings, Southeast Asia's biggest bank, said its third-quarter net profit rose an annual 11 percent to 610 million dollars as lending expanded due to a strong economy.

Fees earned from stockbroking, investment banking, loan syndication and wealth management also contributed to the earnings, DBS said.

COMMENT: 考虑到三季度的特殊情况, 能取得这样的成绩已经很不错了.