$UNITED OVERSEAS BANK LIMITED(U11.SI)$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).
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Yes, will continue down, see what's the lowest point it can go