SGX:U11Banks
Assessing United Overseas Bank's Valuation After Broker Upgrade And Buybacks Spark Investor Interest
United Overseas Bank (SGX:U11) is back on investors’ radar as a Macquarie upgrade to “outperform”, ongoing share buybacks, and safe haven flows converge ahead of closely watched February earnings.
See our latest analysis for United Overseas Bank.
The recent upgrade, record share price of S$39.50, and fresh bond issues in Singapore and Australia have arrived on top of a strong run, with a 12.4% 30 day share price return and a 5 year total shareholder return of 118.2%. This suggests momentum...