Skip to Content

United Overseas Bank Ltd - Stock Quote U11

Rating as of

Morningstar's United Overseas Bank Ltd Stock Analysis

Valuation
Currency in SGD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

A Diverse Footprint Offers United Overseas Bank Reach in Southeast Asia

Michael Wu, CAIA Senior Equity Analyst

Business Strategy and Outlook

| Michael Wu, CAIA |

As one of three dominant banks in Singapore and a branch network and offices spanning 19 countries, we believe United Overseas Bank, or UOB, is in a strong position to capture regional growth in Asia. Established in 1935, the bank broadened its reach in the region through both acquisitions and organic growth. Its most recent acquisition of size was Citi’s consumer business in Indonesia, Malaysia, Thailand and Vietnam in 2022. UOB's customer base is expected to double in the regions. We believe the transaction is also complementary from a product standpoint as Citi's strength is in unsecured lending and presents cross-selling opportunities in the new customer base. Future acquisitions are possible, but we expect a prudent approach, with bolt-on acquisition or partnerships as it expands into new regions. Previously, UOB acquired a 23% interest in PT Bank Buana in Indonesia before increasing its stake and merging it with UOB's local operation. Alternatively, the bank is launching a digital bank to penetrate existing operations in Southeast Asia.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics - U11

United Overseas Bank Ltd's Company Profile

Business Description

United Overseas Bank, or UOB, is a diversified financial institution based in Singapore. Its regional reach spans Greater China and Southeast Asia. Key countries are mainly in Malaysia, Thailand, and Indonesia. Singapore, its core market, makes up over half of its total assets. The group offers a wide range of services, including consumer, commercial and corporate, and investment banking; corporate finance; treasury services; and wealth management, insurance, and brokerage services.

Contact
80 Raffles Place, UOB Plaza
Singapore, 048624, Singapore
T +65 62222121
Industry Banks - Regional
Most Recent Earnings Jun 30, 2020
Fiscal Year End Dec 31, 2022
Stock Type
Employees 26,000