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UOB stock ahead of peers despite Thai exposure

Year to date, UOB is up nearly 6% while DBS and OCBC are down 0.5% and 5%

The banking trio: UOB has a significant presence in Thailand through its subsidiary with 155 branches, and Thailand contributed 4 per cent to its group profit before tax in 2013. DBS and OCBC have negligible exposure to Thailand. - PHOTO: REUTERS

DESPITE a near one per cent pullback in its share price yesterday, United Overseas Bank is still ahead of its Singapore banking peers in stock performance this year. This has left some analysts scratching their heads for a reason given UOB's exposure in Thailand where the political crisis has