UOB's acquisition a big performance driver even as it caps immediate dividend surprises

If UOB achieves its targeted ROE uplift, it would replicate the feat DBS pulled off and set its shares on a similar trajectory

Ben Paul

Published Mon, Jan 17, 2022 · 05:50 AM

Mark to Market

WITH recovering profitability and the lifting of dividend restrictions last year, the 3 local banks were positioned to surprise investors with higher dividend payouts for FY2021 and FY2022.

Instead, UOB delivered a different sort of surprise last week.

On Jan 14, the bank unveiled plans to acquire Citigroup's consumer banking businesses in Indonesia, Malaysia, Thailand and Vietnam.

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Companies & Markets

UOB's acquisition a big performance driver even as it caps immediate dividend surprises

Ben Paul

KEYWORDS IN THIS ARTICLE

Companies & Markets

Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions

Google to pay up to US$6 million to News Corp for new AI content, The Information reports

Restaurant Brands tops estimates as Burger King overhaul pays off

Yen falls after suspected intervention on Monday; eyes on Fed

US: Wall St opens lower on labour costs data

TikTok shop tops 500,000 US sellers after 2023 e-commerce launch

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