Underdog Investors

United Overseas Bank (UOB) is navigating through a landscape marked by steady growth and strategic acquisitions. With a firm commitment to its structurally stable growth model, UOB is setting ambitious yet achievable targets, aiming to bolster its profitability and maintain a strong market presence. Strategic Growth Targets UOB's growth strategy hinges on achieving a Return on Risk-Weighted Assets (RORWA) of approximately 1.8-1.9% and a Common Equity Tier 1 (CET1) ratio of about 14%. These targets are not merely numbers but represent a well-rounded approach to ensure sustainable growth. By aiming for these metrics, UOB expects to support an annual loan growth of about 8%, which should, in turn, fuel a yearly net profit growth of around 10%​​. Citi Franchise Integration A key aspect of UOB's future growth is the successful integration of the Citi retail franchise, which the bank recently acquired. This acquisition is more than just an expansion; it's a strategic move to enha...

5 Singapore Stocks with High Dividend Yields: Get Steady Income! If you enjoy getting a steady stream of extra cash, then dividend stocks are for you! These are companies that pay you part of their profits just for holding their shares. However, not all dividend stocks are created equal. Some offer higher dividend yields, making them more attractive.  Let's take a look at five Singapore stocks that offer attractive dividend yields of 5.4% or more. 1. PropNex Ltd (SGX: OYY) PropNex is a big name in real estate, offering services like real estate brokerage, training, and consultancy. As of February 2024, they had 12,233 sales professionals helping people buy and sell homes. Even though 2023 was tough for PropNex, with revenue falling 18.6% to S$838.1 million and net profit dropping 23.3% to S$47.8 million, they still managed to generate S$57.5 million in free cash flow. They also declared a final dividend of S$0.035, bringing the total dividend for 2023 to S$0.06. This gives PropNex ...