0142 GMT - United Overseas Bank's earnings could face downside risks amid an escalating trade war, DBS Group Research analysts write in a note. UOB's trade loans are about 10% of total loans, of which 80% are related to intra-Asia trade, they add. Management has indicated that it's safe to assume trade and loan growth will face downward pressure, although some customers could take advantage of opportunities that emerge, they note. DBS maintains a hold rating on the stock and target price of S$32.70. Shares are up 0.75% at S$34.81. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 21:42 ET (01:42 GMT)
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