SGX:U11Banks
United Overseas Bank (SGX:U11) Could Be 5% Undervalued As It Raises €500 Million
United Overseas Bank (SGX:U11) has just raised €500 million through a covered bond issue maturing in 2031. This provides investors with fresh information on how the lender accesses wholesale funding and manages its balance sheet.
At a share price of SGD41.26, United Overseas Bank has seen short term momentum cool, with a 7 day share price return that declined 1.79% and a 30 day share price return that fell 1.29%. This comes even as the 90 day share price return gained 7.31% and the year to...