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Smart Reads of the Week: United Overseas Bank, OCBC and Hospitality Trusts
By The Smart Investor  •  May 12, 2024
With the earnings season in full swing, we review the latest earnings report from United Overseas Bank Ltd (SGX: U11), or UOB. Singapore’s third-largest bank by market capitalisation saw its net profit dip year on year for the quarter but remains confident of seeing its total income rise for 2024. Over at OCBC Ltd (SGX: O39), we shared three quick findings on the bank’s latest earnings. OCBC also announced a general offer for all the shares of Great Eastern Holdings (SGX: G07) that it does not own. Elsewhere, we dived into the hospitality trust sector as an example of a bright beacon shining out of the storm surrounding the REIT sector. Income-seeking investors should read on to find out if this REIT sub-sector can continue to increase its distributions. Here is a list of our top articles for this week.
  1. UOB Profit Dips, Maintains Optimistic Outlook for 2024: 5 Highlights from the Bank’s Latest Earnings
UOB reported a decent set of...
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By The Smart Investor
The Smart Investor is co-founded by David Kuo, Joanna Sng, and Chin Hui Leong. The company was formed in late 2019 from the ashes of the Motley Fool Singapore. The Smart Investor believes that everybody can learn how to invest, smartly. We aim to educate people on how to invest smartly by providing investing education, stock commentary and market coverage for Singapore and around the world.
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