$UNITED OVERSEAS BANK LIMITED(U11.SI)$With prices below moving average and at its lowest point in 2021. With assumption that loan revenues @ 0% flat, Bad debt provision up 2%, Interest Rate Income remain at 0% (assuming up interest rate offset by lesser loan application) and + FX rate for USD. With consistent dividend payout, maybe is a good selection as 1 of dividend share portfolio. But may need to hold until earliest Feb 2023 (assuming world economy had adjusted to the after effect of COVID and Ukraine war).
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Comments
Yes, will continue down, see what's the lowest point it can go