$UNITED OVERSEAS BANK LIMITED(U11.SI)$ 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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