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2022-07-30

$UNITED OVERSEAS BANK LIMITED(U11.SI)$ is on an uptrend today as investors are keen to get in before its earnings report tomorrow.

UOB is the 3rd largest bank in Singapore and is also in the Top 3 position in the Straits Times Index.

With interest rates rising, UOB's Net Interest Income will definitely increase.

Among the 3 local banks, UOB has a laser focus to growing its Consumer Banking Business in South East Asia. UOB has made a SGD4.9 Billion acquisition to take over Citibank's Consumer Banking business in Malaysia, Thailand, Indonesia and Vietnam. This is UOB's largest acquisition and will fast track UOB's presence in South East Asia.

I am excited about this latest development for UOB and look forward with anticipation as UOB presents its latest earnings report tomorrow.

I am bullish on $UNITED OVERSEAS BANK LIMITED(U11.SI)$ as it ticks all the core fundamentals of a quality stock. It is profitable, has a rock solid balance sheet and an excellent management team. Best of all, $UNITED OVERSEAS BANK LIMITED(U11.SI)$ has been paying regular dividends year after year. How good is that!

Go Long Go Strong Go UOB!

@Daily_Discussion @TigerStars @CaptainTiger @MillionaireTiger  

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Comments

  • powerbert
    2022-07-31
    powerbert
    Yes, this is my favourite share also.
  • CET 789
    2022-07-30
    CET 789
    [Cool] [Cool] [Cool]
  • leilei369
    2022-07-30
    leilei369
    thanks for sharing
  • Kyesu
    2022-07-30
    Kyesu
    Read and thanks
  • Hosay_hosay
    2022-08-03
    Hosay_hosay
    [Cool][Cool][Cool]
  • LC733
    2022-07-31
    LC733
    Ok
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