Singapore, Feb 5, 2026, 15:01 SGT — Regular session
- UOB shares saw little movement in afternoon trading following a subdued week to date
- Investors are making moves ahead of UOB’s full-year results, due Feb. 24
- Broker calls are still divided following the wave of downgrades and upgrades in January
Shares of United Overseas Bank (UOB) held steady on Thursday, as traders hesitated to drive the stock higher following a strong January rally that pushed it to record highs.
The stock slipped 0.03% to S$38.58 by mid-afternoon, bouncing between S$38.45 and S$38.72 earlier. Volume hovered around 1.1 million shares, per Investing data.
This is crucial with UOB’s key date looming in under three weeks. The bank’s results usually reset expectations for dividends, buybacks, and loan-loss buffers across Singapore’s banks.
The stock remains near recent highs. In such a tight trading range, even minor tweaks in guidance can have a big impact.
UOB announced in an SGX filing that it will publish its full-year 2025 financial results on Feb. 24, ahead of market open. (SGX Links)
Investors are zeroing in on two key factors: net interest margin—the gap between what banks earn from loans versus what they pay on deposits—and the provisions banks must set aside for potential loan losses.
Broker opinions are split. JPMorgan cut UOB to “underweight” late last month, sticking with a S$34 target price. On the flip side, Macquarie bumped its rating to “outperform” and set a S$41 target, The Business Times reported.
UOB has flagged the risk of margin pressure ahead. Back in November, the bank flagged its 2026 net interest margin would likely fall short of 2025’s forecast, following a third-quarter profit drop driven by a spike in credit provisions, Reuters reported. (Reuters)
The broader market edged lower on Thursday. Singapore shares dipped as investors digested corporate updates, including the latest earnings from Singapore Exchange, The Straits Times reported. (The Straits Times)
Risks remain two-sided. Should margins shrink faster than expected or credit costs hold firm, bank shares could reverse sharply — particularly following recent gains.
UOB will release its full-year results on Feb. 24, ahead of the market open. Investors will be watching closely for updates on margin forecasts, credit conditions, and the 2026 shareholder return strategy.
