DJ MARKET TALK: OCBC Cuts UOB To Hold From Buy; S$17.70 F/V

10/31/06 - Dow Jones Newswires

0859 [Dow Jones] STOCK CALL: OCBC cuts UOB (U11.SG) to Hold from Buy as stock trading at brokerage's fair value of $17.70; 3Q results are "fairly in line with our expectations with improvement in loans growth, margin and net interest income" but downgrades rating as shares have "appreciated 19 per cent within a period of less than 3 months." Fell 0.6% to S$17.70 yesterday.(JEM)

 
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(END) Dow Jones Newswires

October 31, 2006 20:00 ET (01:00 GMT)

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