HTChin
2022-03-18

$UNITED OVERSEAS BANK LIMITED(U11.SI)$Few months ago the price gap is about $4 to $5 with DBS (DBS $36 vs UOB $31), now the gap is narrow to $2 to $3 (DBS $34 vs UOB $32). Expecting the price gap to further narrow to $1. 

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Comments

  • FredLee
    2022-03-18
    FredLee
    Is this task something you think it can accomplish and how long will it take to reach that goal?
    • HTChin
      DBS current dividend is $0.36 (ex-dividend on 8 April) and UOB current dividend is $0.6(ex-dividend on 28 April). The price gap should be narrow some where before UOB ex-dividend date.
  • WalterBurns
    2022-03-18
    WalterBurns
    Hopefully it will go up and overtake it quickly... is that possible?
    • HTChin
      It's possible, in term of price to book (P/B) ratio DBS currently is 1.55 vs UOB 1.36
  • PandoraHaggai
    2022-03-18
    PandoraHaggai
    It seems that you are very bullish on UOB.
  • HilaryWilde
    2022-03-18
    HilaryWilde
    I'm bullish on bank stocks' performance in a rate hike cycle.
  • BurnellStella
    2022-03-18
    BurnellStella
    So can arbitrage be done on these two stocks?
  • jts
    2022-03-19
    jts
    like
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