bearish

UOB

UOB - Net Profit Down 1.5% YoY, Credit Costs +126% YoY, Citi Costs ~5% of Profit, Expect Worsening

511 Views26 Oct 2023 09:12
UOB results are out just out, they do not look good, with worsening loan growth, sharply higher credit costs, meaningful divergence in recoveries and new NPAs. Citi integration costs are substantial.
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