Singapore, Feb 1, 2026, 14:45 SGT — The market has closed.
- United Overseas Bank ended the session at S$38.27 on Jan. 30, slipping 0.98%. (Singapore Exchange)
- Singapore’s STI dropped 0.5% on Jan. 30, dragged down by declines in DBS and UOB. (The Business Times)
- UOB announced it will publish its full-year 2025 results on Feb. 24, ahead of market open. (Shareinvestor)
United Overseas Bank (UOB) (U11.SI) shares slipped roughly 1% to close at S$38.27 on Friday, marking the final trading day before the Singapore market weekend break. During the session, the stock fluctuated between S$38.21 and S$38.65. (Investing)
The Straits Times Index dropped 0.51% on Jan. 30, weighed down largely by major banks that steered much of the benchmark’s daily movement. (Yahoo Finance)
The next obvious trigger is earnings. UOB will release its FY2025/4Q2025 results on Feb. 24, shining a light once again on its margin outlook and any shifts in credit quality. (United Overseas Bank)
Friday’s risk-off mood hit more than just UOB. The STI slipped, following Wall Street’s overnight losses, while Singapore’s top three banks all closed in the red. DBS fell 1%, and OCBC dropped 0.6%. (The Straits Times)
UOB traded around 3.0 million shares on Jan. 30, generating turnover close to S$115.7 million, according to ShareInvestor data. The stock opened at S$38.65 before dipping to a low of S$38.21. (ShareInvestor)
Behind the scenes, routine deal activity continued. UOB took on the role of joint global coordinator for Singapore Airlines’ S$500 million notes issue, announced Friday. The notes are scheduled to list on Feb. 2. (Reuters)
Macro forces remain at play. On Jan. 29, the Monetary Authority of Singapore held policy steady but signaled upside risks. OCBC’s Selena Ling described the tone as “a tad more hawkish and less dovish,” while Maybank’s Chua Hak Bin noted “simmering inflation pressures.” (Reuters)
Some economists are betting the next shift will happen later this year. Edward Lee, chief economist at Standard Chartered, predicted MAS will tighten policy during its April review, timing it once inflation has crested. (Reuters)
There’s a risk for lenders if rates fall quicker than anticipated, squeezing margins. Back in November, UOB projected its 2026 net interest margin—the spread banks earn on loans after deposit costs—to dip to 1.75%-1.80%. It also raised provisions to bolster its cushions. (Reuters)
Investors have a clear date to watch: Feb. 24 marks the next key update on UOB’s earnings and outlook. Traders will zero in on loan growth, fee momentum, credit costs, and any hints from management about increased capital returns. (Moomoo)
