The price of the United Overseas Bank stock (U11) has been on an exponential rise over the past year. and despite starting today with a slight drop of −0.23 (0.70%), analysts expect that it shall close the day on a positive note as it continues with its upward trend.
To help stock traders eying the United Overseas Bank stock (U11), Invezz has created a brief article on what it is and the best places to buy it.
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What is U11 stock?
U11 stock is the stock of Westpac Banking Corporation and it trades on the Singapore Exchange Limited under the ticker SGX: U11.
The United Overseas Bank (UOB) Limited is a Singaporean multinational banking organization. It is headquartered in 80 Raffles Place, Singapore and also has other branches that are spread out throughout Southeast Asian countries.
United Overseas Bank (UOB) is currently ranked as the third-largest bank in Southeast Asia in terms of total assets. It provides personal financial services, private banking, and asset management services, and commercial and corporate banking services including corporate finance, investment, insurance services, and venture capital.
Should I buy the U11 stock today?
If you are looking to take advantage of a stock whose price has been on a constant rise, then the $U11 stock could be a good choice.
However, there are signs of a pullback especially after it started today with a drop of −0.25 (0.76%).
U11 stock price prediction
Based on a forecast from several stock analysts, the price of United Overseas Bank stock (U11) is expected to continue with its current Bull Run at least for the remaining part of February. It is expected to hit 32.8 SGD by the end of February.
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