07.03.2001
Bright prospects for UWCCB

• Development: UWCCB announced Jan-Jun EBT of NT$4.5bn, achieving 51% of our forecast. The bank’s overdue loan ratio remains at 3.65%, while accumulated pre-tax EPS was NT$1.30.

• Analysis: Higher bad loan provisions contributed to an 8% YoY decrease in EBT.

• Primasia View: We expect earnings to improve due to a gradual recovery of the economy later this year and are maintaining our earnings forecast.

WilliamFong@Primasia.com +886-[0]2-2547-8864