United Overseas Bank (SGX: U11)
United Overseas Bank, or UOB, is Singapore’s third-largest bank by market capitalisation. Shares of UOB recently hit their all-time high of S$39.20 and are up 31.6% in the past year. The lender reported a robust set of earnings for 2024 with total income rising 3% year on year to S$14.3 billion. Operating profit inched up 1% year on year to S$8.2 billion while net profit stood at S$6 billion, up 6% year on year and at a record high....Warren Buffett, arguably one of the world’s best investors, remarked that “when the business does well, the share price will follow”.
Hence, investors should follow the business closely to see if it manages to increase its revenue and profits.
By doing so, its share price should then follow to hit new highs.
We highlight four Singapore stocks whose share prices recently touched their all-time highs to determine if you should include them in your buy watchlist.
