UOB - OCBC Investment 2024-09-24: Share Price Hit New High

• 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

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Above is an excerpt from a report by OCBC Investment Research.
Clients of OCBC Securities may be the first to access the full PDF report @ https://www.iocbc.com/.

Read also OCBC's most recent report:
2025-04-07 UOB - Share Buyback & Dividends Will Provide Share Price Support.

Previous report by OCBC:
2025-02-19 United Overseas Bank - Record Profits.

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 Dividend Payout Dates & Corporate Actions,
UOB News