$UOB(U11.SG)$: UOB's net profit for Q4 2023 rose 21.8% YoY o...
$UOB(U11.SG)$: UOB's net profit for Q4 2023 rose 21.8% YoY on higher net fee income and other non-interest income to S$1.4 billion, from S$1.2 billion in the year-ago period. The earnings missed a S$1.5 billion consensus forecast for the fourth quarter in a Bloomberg survey of two analysts. Net fee income was up 17.3% YoY to S$569 million, while other non-interest income climbed 53.7% to S$438 million. UOB's board has recommended a final dividend of S$0.85 per share for the half-year period, bringing the full-year dividend to S$1.70 per share, representing a payout ratio of about 50%. For the full year, net profit was up 24.9% to a record high of S$5.7 billion, although it missed a S$6 billion consensus forecast of five analysts surveyed by Bloomberg.
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102356143 : Hmm… the dividend has been increasing 0.65, 0.75, 0.85 every 6 months.. how come the price suddenly drops as though its “bad news”??
103255055 102356143: learn to recognise the trend
103255055 : share price doesnt always fluctuate based on the news. if its that easy, everyone will be rich
暗之声 : simply because dbs increased its dividend and uob stayed the same as the last dividend. this means uob is either stingy or not doing well
Fungicide : Lower dividend yield compared to DBS
WinningTrader : Net profit increase but missed forecast and share price dropped.
Reminds me of the companies I had worked. Profit better than last year, company still making money but missed forecast or target, everyone bonus cut and increment cut.
Same same. Big fish eat small fish.
C?O, directors, shareholders continue their life with new cars and yatches.