UOB investors must be dumbfounded. Among the three local banks, DBS share price was the only counter to rise following the release of a stellar full-year 2018 financial result. On the other hand, OCBC share price self-destructed because of declining profit for Q4. But the case is rather bizarre for UOB because UOB share price actually tanked from $26 on 21 February to a low of $25 on 28 February after delivering increasing Q4 and full year 2018 profit.
Perhaps the imperious form of DBS business performance had overshadowed UOB’s. Nevertheless, UOB investors should not be disappointed by UOB share price performance because they should be heartened by UOB’s improving net interest margin of 1.82%. Return on Equity stormed to a high of 11.3% from 10.2% last year.
To celebrate the feat, UOB announced a final dividend of 50 cents per ordinary share,