UOB & OCBC results - one of lacklustre momentum, the other sees strongest this quarter
This morning, $OCBC Bank(O39.SI)$ announced a first quarter profit of SGD 1.97 billion, ahead of consensus' SGD 1.9 billion estimates
Its fee income momentum was the highest of the three banks at 24% year-on-year (YoY) growth; wealth fees increased 34% YoY
By contrast, counterpart UOB reported 1Q profit of SGD 1.44 billion which was 4% lower YoY
Its fee momentum was lacking, up only 1% YoY despite the acquisition of the Citi franchise four years ago
OCBC shares gapped up as much as 2.6% to $22.56 this morning, while UOB gapped down as much as 1.9% yesterday morning to $36.10, though it is currently trading at $36.47
Macquarie has trending call and put warrants for investors to trade the moves in OCBC and UOB. Trending warrants are quoted with the tightest spreads and offer the highest liquidity for investors to enter and exit the warrants with ease, regardless if anyone else is trading the warrants
Trending OCBC call $OCBC Bk MB eCW260930(IGBW.SI)$ : https://warrants.com.sg/tools/livematrix/IGBW
Trending OCBC put $OCBC Bk MB ePW260930(V8QW.SI)$ : https://warrants.com.sg/tools/livematrix/V8QW
Trending UOB call $UOB MB eCW260930(Y2FW.SI)$ : https://warrants.com.sg/tools/livematrix/Y2FW
Trending UOB put $UOB MB ePW260930(EPGW.SI)$ : https://warrants.com.sg/tools/livematrix/EPGW
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