- With the weakness in regional markets following the past few days of tense trade war, UOB's share price was similarly impacted.
Share price volatility.
- - Read this at SGinvestors.io -
- From S$39.20 (recent high) to S$29 (today’s low), this meant that the recent decline has wiped off S$17.1b from its market capitalisation.
Earnings during Trump 1.0.
- - Read this at SGinvestors.io -
- In addition, non-interest income as a percentage of total income was healthy at 32.3% or S$4.6b in FY24. If we assume a reversion back to the Trump 1.0 scenario of net profit of S$3.7b per year, or an aggressive decline of S$2.6b in profits from FY24, both interest income and non-interest income have to fall sharply, and this is not our base case assumption.
Outlook is murky for now, but possibility of trade negotiations.
- Read more at SGinvestors.io.
