United Overseas Bank (UOB) is “humming along nicely” on all fronts, say RHB Bank Singapore analysts, with an estimated 6.2% dividend yield for 2025.
RHB’s team met UOB management in a “recent meeting”, and the bank’s leaders are reportedly comfortable with their guidance for FY2025 ending Dec 31, which it issued at its FY2024 results on Feb 19.
“This is despite the continued drops in benchmark rates year to date, which UOB thinks can be cushioned by better loan volume, wealth management activities, deposit repricing and strong current accounts and savings accounts (Casa) traction,” say RHB’s analysts.
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