UOB Market Momentum
🌟🌟🌟Watching $UOB(U11.SG)rip higher this week to lead the STI gainers at SGD 43.29 was an absolute master class in resilience. The Fed's latest rate hike handed UOB a massive lifeline. With 66% of its revenue tied directly to net interest income, UOB is perfectly positioned to capture this margin expansion.
Jefferies has raised UOB's target price to SGD 48 too. UOB is finally catching up to the other 2 banks, unlocking massive value and rewarding investors who ignored the noise and trusted UOB's fundamentals.
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