To The Moon

$UOB(U11.SI)$  

UOB Bank - Yesterday I think Big Boy pushing up the price to secure the profit! Many resistance ahead! Likely to go down to test 29.98-30.00 again!

Pls dyodd.

15th April 2024:

UOB - Volatile week as ME tensions plus higher oil prices doesnt bode well for the stocks market! Lets see how the local bank fares!

UOB - She is going XD on 25th April for 0.85 dividend. I think is good to secure the profit! Pls dyodd.

UOB - Looks rather weak! Likely to go down to test 28 again! Pls dyodd.

Is never wrong to lock in profit as bank are sensitive to future rate cut.

UOB Bank - I think boat is back! She has corrected from 29.24 to close at 27.95 yesterday, yield is more than 6 percent looks quite an interesting! Pls dyodd.

UOB Bank - FY results is out! FY Net profit is up 26 percent to 6.1b.4th quarter net profit climbed to S$1.40 billion ($1.04 billion) from S$1.15 billion a year earlier.Proposed a Final dividend of 85 cents as expected but no special dividend or Bonus issue like Dbs bank. Lets see how market react!

XD of 85 cents on 25th April.

At 29.24, yield is about 5.8%.

UOB reported

a 22% rise in net profit in the fourth quarter from a year earlier on the back of higher net fee and non-interest income.

UOB, which is Southeast Asia's third-largest bank by assets, said October-December net profit climbed to S$1.40 billion ($1.04 billion) from S$1.15 billion a year earlier.

The bank recommended the payment of a final dividend of 85 Singapore cents per share, bringing the total dividend for 2023 to S$1.70 per share.

https://spore-share.blogspot.com/2024/06/uob-bank-yesterday-i-think-big-boy.html