0348 GMT - United Overseas Bank could post sequential and on-year decline for 4Q total income, CGS International analysts write in a note. The bank could report lower quarterly net interest income on year, given declining interest rates, while seasonally weaker fee income may have driven an on-quarter decline. CGS International expects UOB to report 4Q total income of S$3.34 billion, falling 3.5% on year and 1.7% on quarter. The brokerage reiterates its hold rating on UOB, and thinks it will take time for the Singapore bank's profitability to return to its 2024 peak. However, CGS International raises UOB's target price to S$40.90 from S$36.50 on lower cost-of-equity assumptions from a lower risk-free rate. Shares are down 1.8% at S$38.78. (amanda.lee@wsj.com)
(END) Dow Jones Newswires
January 25, 2026 22:48 ET (03:48 GMT)
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