UOB Financial Highlights FY2024
1. Record Earnings: UOB achieved a record net profit of S$6.0 billion, up 6% from the previous year, driven by strong fee income and trading & investment gains. 💰
2. Capital Returns: UOB announced a S$3 billion capital distribution package (50% dividend payout ratio), including special dividends and share buybacks, demonstrating confidence in its financial position. 💸
3. Regional Growth: UOB's strategic investments in regional platforms are yielding results and the company is well-positioned to capitalize on ASEAN's growth opportunities amid global trade reconfiguration. 🌏
Stock Price Chart Analysis
UOB stock ($U11.SI) has shown a consistent upward trend. $35.7 serves as a strong support level. 📈
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