U11.SI Stock Today: January 28 — Downgrade Pauses Rally; Feb 24 Results Next
The UOB share price slipped after a sharp run-up last week. Today, U11.SI fell 2.7% to S$38.45 as a fresh downgrade cooled sentiment. JPMorgan cut the bank to Underweight with a S$34 target, while other brokers stayed constructive. We outline what changed, the latest targets, and the Feb 24 results focus. Our aim is to help investors frame the UOB share price setup with clear data and local context.
Today’s move and market context
U11.SI opened at S$38.70 and closed near S$38.45, down S$1.05 or 2.7%. The move followed JPMorgan’s Underweight call and S$34 target, which drove profit taking after record levels last week. Shares traded between S$38.21 and S$38.72 on 3.87 million shares versus a 3.14 million average. The Business Times reported a 2.5% slide following the downgrade source.
The stock sits 2.7% below its S$39.50 year high and remains above its 50-day S$35.10 and 200-day S$35.28 averages. RSI is 78.36, signalling overbought conditions, while ADX at 36.19 indicates a strong trend. Price trades well above the upper Bollinger Band at S$36.13. Elevated MFI at 96.79 points to heavy inflows. This keeps the UOB share price technically stretched near-term.
Broker calls: split views, clear catalysts
JPMorgan downgraded UOB to Underweight with a S$34 target, citing a valuation reset and near-term risks to earnings momentum. The broker highlighted potential pressure from higher credit costs and softer net interest margins as rates peak. The Edge Singapore covered the change following earlier upgrades in January and November source.
Macquarie remains Outperform with a S$41 target, pointing to resilient ASEAN growth, stable asset quality, and income diversification. On fundamentals, UOB delivers ROE of 11.9% TTM and trades at 1.27 times book, with a dividend yield near 5.90% based on S$2.27 DPS. This balance of views frames the UOB share price debate into the Feb 24 results window.
What matters on 24 Feb results
Investors will watch guidance on credit costs, non-performing trends, and sectors under review. Provisioning tone can sway near-term direction given the recent rally. Any signs of steady coverage and contained delinquencies would support confidence. Conversely, a higher-than-expected charge could test sentiment and compress multiples into results.
Updates on wealth, cards, and trading income will signal fee momentum as rates normalise. NIM commentary will be key as deposit competition stabilises. Capital returns matter too. UOB’s payout ratio is 64.5% with S$2.27 DPS. Clarity on ordinary or special dividends, plus RWA optimisation, could shift the UOB share price quickly post-print.
Technical setup and scenarios
Momentum is strong but extended. RSI is 78.36 and CCI is 129.35, while Stochastics sit near 90. MACD remains positive with a 0.11 histogram. Price is above the upper Bollinger Band at S$36.13, and ATR is a modest 0.30, suggesting contained day-to-day swings. MFI at 96.79 points to overbought conditions that often precede consolidation.
Near-term watch the day low S$38.21, then S$37.50, with the 50-day S$35.10 and 200-day S$35.28 as deeper supports. On strength, the yearly model points to S$41.18, while short-term models flag S$36.92 and S$32.66 as pullback markers. We see the UOB share price path hinging on results quality and capital return signals.
Final Thoughts
U11.SI cooled 2.7% to S$38.45 after JPMorgan’s Underweight call, but the uptrend remains intact above key moving averages. Broker views are split, with targets at S$34 and S$41 framing the range. Into Feb 24, we think three items matter most: credit costs, fee momentum, and capital return guidance. Traders should track S$38.21 intraday support and S$39.50 resistance, while investors can anchor on 1.27 times book, 11.9% ROE, and a 5.90% yield. The takeaway: let the results reset expectations, then reassess positioning as new data guides the next leg for the UOB share price.
FAQs
Why did UOB shares fall today?
The pullback followed JPMorgan’s downgrade to Underweight with a S$34 target, which spurred profit taking after last week’s record high. Volume rose above average, and technicals were overbought. Together, these factors drove a 2.7% slide to S$38.45 as the market recalibrated near-term expectations.
When is the UOB results date?
United Overseas Bank is scheduled to report on Feb 24, 2026. Investors will watch credit costs, fee income trends, and capital return guidance. The post-print outlook could set the tone for the next few weeks as the market updates earnings and dividend expectations.
Is the UOB share price expensive now?
UOB trades at about 1.27 times book and 10.7 times TTM earnings, near the top of its recent range after hitting S$39.50. Yield is around 5.90% based on S$2.27 DPS. Valuation looks fair to rich near-term, with results likely to drive the next move.
What key technical levels should I watch?
Near-term support sits at S$38.21, with deeper supports around the 50-day at S$35.10 and 200-day at S$35.28. Resistance is the S$39.50 year high. Overbought signals include RSI at 78.36 and MFI at 96.79. These suggest the UOB share price could consolidate before a new trend.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
