0422 GMT - United Overseas Bank's share buybacks and dividend yield are likely to support its share price, says OCBC Investment Research's Carmen Lee in a note. She reckons UOB's dividend yield is still attractive at around 5%, based on a S$1.80-a-share dividend, given probably lower interest rates in the coming quarters. The group should be able to ride out any medium-term market uncertainties, she adds, citing factors such as UOB's Asean network, prudent management and healthy balance sheet. Nonetheless, with the 1H results below market expectations, OCBC Investment Research cuts its rating on the stock to hold from buy. It also lowers fair value estimate on UOB's stock to S$38.20 from S$41.50. Shares are down 0.1% at S$35.68. (megan.cheah@wsj.com)
(END) Dow Jones Newswires
August 08, 2025 00:22 ET (04:22 GMT)
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