UOB can bank on continued leadership by the Wee family and Asean growth

DESPITE being the smallest of the three local listed banks by total assets, UOB is doing well. The bank saw a 40 per cent growth year on year (yoy) in net profit of S$4.1 billion in 2021.

UOB achieved a return on equity (ROE) of 10.2 per cent in 2021 and double digit ROE in four out of the last five years.

Between 2017 and 2021, UOB's net asset value per share rose by 18 per cent. Shareholders are rewarded with a 54 per cent y-o-y increase in dividend per share for 2021. As at Apr 13, 2022, UOB's share price is up 15 per cent since end-2021.

Shareholders who meet virtually on Apr 21, 2022, for UOB's annual general meeting should be a happy lot. However, should shareholders worry over a possible...

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