PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: United Overseas Bank (UOB SP) Q4 (SGD) net profit fell 7% Y/Y to 1.41bln, total income declined 5% to 3.29bln, NII fell 4% to 2.35bln
United Overseas Bank (UOB) reported a 7% decline in net profit for Q4, which could signal weakening performance amid a less favorable interest income environment, as indicated by the 4% drop in net interest income.
Chinese Loan Prime Rate 1Y (Feb) 3.00% vs. Exp. 3.00% (Prev. 3.00%)
South Korea and US are reportedly at odds over war games’ scale with the US pushing back on South Korea's request for smaller drills, forcing the postponement of a major joint military briefing, according to SCMP
PRE-MARKET TAIWAN AND SINGAPORE STOCKS NEWS: United Overseas Bank (UOB SP) Q4 (SGD) net profit fell 7% Y/Y to 1.41bln, total income declined 5% to 3.29bln, NII fell 4% to 2.35bln
Japan's Trade Minister Akazawa held a phone conversation with US Commerce Secretary Lutnik on Monday, and both sides affirmed investment plans in the call
US President Trump administration senior official says Chinese AI startup DeepSeek's latest AI model was trained on NVIDIA's (NVDA) most-advanced AI chip, the Blackwell, despite the US export controls, according to Reuters
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TAIWAN
ASE Technology Holding (3711 TT) - Co. unit acquires machinery and equipment for TWD 659.2mln. (Newswires)
SINGAPORE
Great Eastern (GE SP) - Co. Q4 (SGD) net profit rose 79% Y/Y to 241.4mln, new business embedded value rose 25% Y/Y to 241mln. (Business Times)
United Overseas Bank (UOB SP) - Co. Q4 (SGD) net profit fell 7% Y/Y to 1.41bln, total income declined 5% to 3.29bln, NII fell 4% to 2.35bln. (Newswires)
This trend might raise concerns about profitability and operational efficiency going forward, potentially impacting investor sentiment and sector performance in Singapore's banking industry.
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