Why I am Bullish on UOB

koolgal
2021-12-28

$UNITED OVERSEAS BANK LIMITED(U11.SI)$ UOB share price has been holding up rather well lately in spite of Omicron.  According to our local financial analysts, UOB is a BUY!

CGS-CIMB at 30.30 ADD, DBS Research at 29.20 BUY, Maybank Kim Eng at 31.150 BUY, OCBC Investment 29.00 BUY and Phillips Securities 29.00 Accumulate. 

UOB closed yesterday (27 December 2021) at SGD26.73.

UOB is the 3rd largest bank in Singapore.  According to the latest 3Q21 results, its Net Profit increases 4% quarter on quarter to SGD105 billion, despite slower economic recovery in South East Asia.  This was achieved by healthy loan growth and sustained fee income as well as lower credit allowance. 

UOB Balance Sheet stayed robust with ample liquidity and strong Common Equity Tier 1 ratio at 13.5%.

UOB was named the World's Best Bank for Small and Medium Enterprises by Euro money and Global Finance. 

The impending interest rate hike in 2022 will turbo charge UOB share price too. 

UOB also pays steady half yearly dividends. The last dividend paid was 0.60 cents and it is projected the next dividend payout will be the same, bringing a total dividend of SGD1. 20 per share. 

In view of the above, I am bullish on UOB as it is very solid Singapore bank, with excellent management, wide moat and great cash reserves. 

Go Long Go Strong Go UOB!  That's my maxim. 

@小虎活动 - SG stocks

@TigerStars




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精彩评论

  • maroketo
    2021-12-28
    maroketo
    That's great. Thanks for sharing this information and experience.
  • waipoin
    2021-12-28
    waipoin
    Congratulations. The investment return of 13.78% is really good.
  • ElijahRoger
    2021-12-28
    ElijahRoger
    I understand what you mean. Your opinions will shape my understanding of the market.
    • koolgal
      Thanks for sharing.  Best wishes
  • AdelaSalome
    2021-12-28
    AdelaSalome
    How do you think Singapore banks will perform in 2022?
    • koolgal
      I believe the banks will continue to grow especially with interest rate rise coming up.
  • GilesStone
    2021-12-28
    GilesStone
    The return of 13.78% is really outstanding! Huge cong!
    • koolgal
      Thanks.  Just lucky that's all.
  • falleno
    2021-12-28
    falleno
    Thank you for sharing! Good luck
    • koolgal
      My pleasure.  Good luck to you too.
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