UOB Tumbles -5.5% on Earnings Miss; 5x Short DLC Gained +27.5%
$UOB(U11.SI)$ shares tumbled on Wednesday (4 Nov) morning, falling as much as -5.5% in their biggest decline since April last year.
The sell-off followed third-quarter earnings that missed expectations.
Amplifying the move, the UOB 5x Short DLC (YYOW) rose as much as +27.5%, while the UOB 5x Long DLC (WCBW) fell by a similar magnitude.
Other bank stocks also came under pressure following UOB’s disappointing results.
$DBS(D05.SI)$ fell -1.5% as of 10am Singapore time, dropping below S$70 for the first time since July 2026. Correspondingly, the DBS 5x Short DLC (FVBW) rose +7.5%, while the DBS 5x Long DLC (Z5TW) declined by a similar magnitude.
$OCBC Bank(O39.SI)$ , meanwhile, fell -1%, lifting the OCBC 5x Short DLC (9DAW) by around +5%, while the OCBC 5x Long DLC (9RWW) fell by a similar magnitude.
Attention now turns to DBS and OCBC, which are expected to report earnings before market open on 5 Nov and 6 Nov, respectively.
Investors with a bullish outlook or positioning for a rebound can consider Long DLCs for leveraged exposure to upward price movements, while those expecting further declines can consider Short DLCs for inverse exposure.
View the full list of DLCs here.
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