To The Moon

🌈🌈🌈$UNITED OVERSEAS BANK LIMITED(U11.SI)$ made headlines in January 2022 when it agreed to acquire Citigroup's consumer banking business in Malaysia, Indonesia, Thailand and Vietnam for SGD 4.915 billion. This acquisition, its first major takeover in 16 years, is expected to position UOB as a leading banking group in South East Asia. This will accelerate its growth targets by 5 years according to UOB CEO, Wee Ee Cheong. UOB is due to report its full year financial results on February 23 2023. In assessing how well UOB is performing, the key metrics are its Net Interest Margin (NIM) , Net Profit, Return on Equity (ROE) and Non Performing Loan. In 3Q22, UOB's NIM rose to 1.95%. Its Net Profit climbed 34% year on year in Q3 to SGD 1.4 billion, driven by higher net interest income and customer related treasury income. UOB ROE was 14% in 3Q22 compared to 3Q21 of 11%. UOB's Non Performing Loan ratio came to 1.5%, lower than previous quarter of 1.7%. Analysts are also bullish on UOB with a Buy rating, Target Price of SGD 33.00 to SGD 35.70. With rising interest rates, UOB is set to benefit further in 2023. UOB ticks all the core fundamentals of a quality stock. It is profitable, has a rock solid balance sheet and a wide moat position due to its extensive network. UOB also has an excellent management team too. What I love best about UOB is its steady and regular dividends. At the current yield of 4%, it is a great source of passive income for me while waiting for capital growth. Go Long Go Strong Go UOB!🚀🚀🚀🌛🌛🌛🌈🌈🌈💰💰💰 @Daily_Discussion @MillionaireTiger @TigerStars @CaptainTiger