United Overseas Bank Is Now Cheaper, But More Promising

Gulzhan Musaeva
509 Followers

Summary

  • Fundamentally UOB is in great shape.
  • Its investments in the region are paying off and give it a distinct advantage.
  • For the 5.9% dividend yield, the stock is affordable.

Advertisement and sign on a wall for UOB, United Overseas Bank, a leading bank and financial services company in Singapore.

Nigel Harris /iStock Editorial via Getty Images

Singapore-based United Overseas Bank Limited (OTCPK:UOVEF), or UOB, reported stellar results for financial 2023. Yes, net interest margin has apparently hit the ceiling but it is an industry-wide phenomenon which was widely anticipated. Fortunately, other sources of

This article was written by

509 Followers
I cover overlooked companies in two areas, sometimes related and often not: (1) growth stocks at reasonable prices across non-US/mostly Asian markets;(2) green or sustainable investing opportunities globally.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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