UOB Annual Report 2002 - United Overseas Bank

UOB Share Price and Turnover
Monthly Turnover (’000)
92000
$ Per Share
23
88000
84000
Monthly Turnover (’000)
$ Per Share
22
21
80000
20
76000
19
72000
18
68000
17
64000
16
60000
15
56000
14
52000
13
48000
12
44000
11
40000
10
36000
9
32000
8
28000
7
24000
6
20000
5
16000
4
12000
3
8000
2
4000
1
1992 1993 1994 1995 1996 1997 1998 1999
2000 2001
2002
Share Price+ 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002
Highest ($) 4.54 8.51 9.08 9.19 9.19 9.38 7.86 15.30 15.40 14.20 15.30
Lowest ($) 4.01 4.34 6.66 7.72 7.86 6.77 2.78 5.97 9.40 8.50 11.20
Average ($) 4.28 6.43 7.87 8.46 8.53 8.08 5.32 10.64 12.40 11.35 13.25
Last Done ($) 4.51 8.51 8.76 8.71 8.05 7.91 6.20 14.70 13.00 12.70 11.80
Ratios
Dividend Cover (no. of times) 4.05 5.52 # 5.81 # 5.14 5.78 3.79 2.50 4.96 # 2.89 2.17 2.17 #
Adjusted Net Asset Value Per Share ($)* 3.25 3.63 3.89 4.40 4.96 5.09 5.62 5.89 6.62 8.09 8.05
Adjusted Earnings Per Share ($)** 0.31 0.52 0.62 0.66 0.74 0.49 0.32 0.72 0.87 0.77 0.68
Dividends Per Share (cents) – Taxable 18.00 28.00 18.00 18.00 18.00 18.00 18.00 20.00 40.00 40.00 58.76 ##
– Tax Exempt – – 22.00 – – – – 25.00 – – –
Net Dividend Yield (%)++ 3.01 3.18 4.47 1.57 1.56 1.65 2.50 3.75 2.42 2.75 3.46
Price Earning Ratio++ 13.81 12.37 12.69 12.82 11.53 16.49 16.63 14.78 14.25 14.74 19.49
# Dividend cover is 3.48 times for 1993 if the special bonus dividend of 10% less 27% income tax is included, 2.17 times (excluding extraordinary items) for 1994 if the special tax
exempt bonus dividend of 22% is included, 1.83 times for 1999 if the special tax exempt bonus dividend of 25% is included, and 1.48 times for 2002 if the interim dividend in specie
of 18.76% is included.
## Includes interim dividend of 18.76%, paid in specie of shares in Haw Par Corporation Limited.
* Net asset value per share has been adjusted for bonus issues in 1993, 1995 and 1999, for impact of adopting Singapore Statement of Accounting Standard (SAS) 10: Events After
Balance Sheet Date with effect from 2000, and for impact of adopting revised SAS 12: Income Taxes and Interpretation of SAS (INT) 5: Consolidation – Special Purpose Entities with
effect from 2001.
** Earnings per share has been adjusted for bonus issues in 1993, 1995 and 1999, and rights issue in 1994.
+ Share prices have been adjusted for bonus and/or rights issues.
++ Adjusted average share prices have been used in computing net dividend yield and price earning ratio.
Notes: (1) On 15 November 1999, UOB’s local and foreign share counters were merged and commenced trading on the Singapore Exchange as a single counter.
(2) Share prices and turnover reflect transactions recorded on the Singapore Exchange.
174