$UOB(U11.SG)ContextUOB's third quarter profit missed expectations and it flagged more margin pressure ahead, sending the…
$UOB(U11.SG)
Context
UOB's third quarter profit missed expectations and it flagged more margin pressure ahead, sending the shares down more than 5% to a nearly five month low, although wealth management fees hit a record.
My trade
I bought in 2025 mainly for the dividends. The position is still in the green after the drop from the peak.
Takeaway
After the fall, the trailing dividend yield is about 4% which is close to the level I look for so I may add more if the price keeps falling.
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