UOB

UOB: MBKE reiterates Hold on UOB in absence of re-rating catalyst. Malaysia Corporate Day showcases UOB Malaysia as 7th largest bank in Malaysia in term loans and deposits, finding its niche in regional customised banking solutions. ROE prospects may be weaker due to necessary franchise investments, partially mitigated by potential for fatter NIMs and stronger fee-based income. UOB Malaysia makes up 16% of group PBT.