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Thursday, February 20, 2025

3 key takeaways for UOB recent results: Is it still good to consider? 🙂

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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