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UOB Q2 net profit rises 11% to S$1.1b; declares interim dividend of S$0.60
UOB on Friday (Jul 29) reported net profit for the second quarter rose 11 per cent year on year, as margins improved and trading and investment income saw some recovery.
The bank delivered stable profits, buoyed by higher-than-expected net interest income driven by rising interest rates and active balance sheet management, said UOB deputy chairman and chief executive Wee Ee Cheong in a press statement.
Net profit for the 3 months ended June stood at S$1.1 billion, up from S$1 billion in the year-ago period. The earnings were in line with the S$1.1 billion consensus forecast in a Bloomberg survey of 4 analysts.
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when the three local bank shares fall the sgd strengten from 1.39 to 1.37 against usd
https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=SGD
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and your ability to service your debts when US's rate is hike aggressively after march 2022
https://www.mortgagewise.sg/interest-rate-cycle/
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if you been through the 1980s economic cycle in 1980s how will feel if you pay loan at 15% rate
https://tradingeconomics.com/singapore/d...erest-rate
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Powell's interest rates treatment for the whole economy globally
https://images.app.goo.gl/6spitPAN2ry8xzrK9
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how will Asia's economy response to Powell's rate's shock treatment
https://images.app.goo.gl/3sDDC3Wn6hhVHNXJA
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the three bank's profit and dividend payout under Powell's rate shocks from 2022
https://images.app.goo.gl/sLBLvDfJC8ymmWuC9
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after Volker's rate shock in the 80s Asia went through the bloddiest asian's financial crisis after 1998
https://images.app.goo.gl/xy5jQYfiMaRHKyrWA
https://www.ft.com/content/b82082c9-d26a...121f572645
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if US's can not bring its inflation down to 4% then Powell will still use rate hikes as a tools to fight US's inflation
https://www.cbsnews.com/news/paul-volcke...019-12-09/
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after the Volker's rate hikes we had the bank consolidation in 2000
https://moneyandmarkets.com/powell-follo...tion-plan/
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current price $27.7 to target price $37 upside 33% from aug 2022 to jan 2025
https://www.dbs.com.sg/treasures/aics/st...UOB_SP.xml
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after 1985's pan electric crisis it took me 20 years before i muster all my encourage to ride the casino's wave in sg adring the 2005
https://www.latimes.com/archives/la-xpm-...story.html
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and safely navigate the china oil noble hyflux and penny stock crising in 2014 after 2005
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this time round the supply chain crisis, the oil shock crisis and the war between number 1 and 2 economy to jostle for leadeship in the world economy will be another test for the next 20 years to live by
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and had i suffered from covid19 two years crisis and the oil shocked before sia went for state rescue package when oil crashed in 2020?
https://www.spglobal.com/commodityinsigh...try-losses
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and the new digital economy crisis in 2022, are you burned alive?
https://www.theguardian.com/technology/2...coin-terra
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never ending problems after this
water,chicken,land,dishonour the agreement and contracts
https://books.google.com.sg/books?id=qayxDQAAQBAJ&pg=PA80&lpg=PA80&dq=clob+%27s+crisis&source=bl&ots=LpgrFYc1PN&sig=ACfU3U03sGX0Fsx9dBHBRtEuuaDqtLi6zg&hl=en&sa=X&ved=2ahUKEwiIj8K_xaT5AhXmAbcAHWOXC3oQ6AF6BAgjEAM#v=onepage&q=clob%20's%20crisis&f=false
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no point if one group do not value reputation when doing when cross border business is carried out
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Individual Investors Ramp Up Bets on Tech Stocks
Shares of Amazon, Alphabet, Meta Platforms and others have suffered double-digit declines, but believers say they expect a rebound
buy asian bank stocks while they buy tech stcks
https://www1.hkexnews.hk/listedco/listco...100633.pdf
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if there is no more new war at the end of 2022,stock markets confident will gradually recover
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trace together Nancy in Asia started
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the share will go out few 100 percent this is the same as this you tube scam
https://www.youtube.com/watch?v=vZfgHNVvwxs
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during the oil shock in the 70s, they also told us do not worry we can earned back the money we lost