- The last time UOB's share price crossed the S$33.30 level was in Jul 2024 before it fell 12.2% to S$29.25 by Aug 2024. Since then, it has been on an uptrend and the stock touched a new all-time high yesterday (intra-day high of S$33.38 on 23 Sep 2024), up almost 14% to wipe off the recent losses.
Share price at new historical high; dividend yields remain compelling at 5.3%.
- - Read this at SGinvestors.io -
Hunt for yields
- The recent re-rating of the Singapore market, which has one of the highest dividend yields in the region, has led to a 12.3% year-to-date gain for the Straits Timex Index (STI) and a 22.7% gain for the FTSE ST All-Share Financials Index.
- - Read this at SGinvestors.io -
Share price will find good support due to the attractive dividend yield
- Read more at SGinvestors.io.
Above is the excerpt from report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full report in PDF @ https://www.iocbc.com/.
Carmen Lee OCBC Investment Research | https://www.iocbc.com/ 2024-09-24
Previous report by OCBC:
2024-08-01 United Overseas Bank - Credit Card & Wealth Led Growth.
Price targets by 4 other brokers at UOB Target Prices.
Listing of research reports at UOB Analyst Reports.
Relevant links:
UOB Share Price History,
UOB Announcements,
UOB Dividends & Corporate Actions,
UOB News Articles
