UOB & OCBC results - one of lacklustre momentum, the other sees strongest this quarter

Macquarie Warrants Singapore

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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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</p>\n<p>Trending OCBC call <a href=\"https://ttm.financial/S/IGBW.SI\">$OCBC Bk MB eCW260930(IGBW.SI)$</a> : https://warrants.com.sg/tools/livematrix/IGBW</p>\n<p>Trending OCBC put <a href=\"https://ttm.financial/S/V8QW.SI\">$OCBC Bk MB ePW260930(V8QW.SI)$</a> : https://warrants.com.sg/tools/livematrix/V8QW</p>\n<p>Trending UOB call <a href=\"https://ttm.financial/S/Y2FW.SI\">$UOB MB eCW260930(Y2FW.SI)$</a> : https://warrants.com.sg/tools/livematrix/Y2FW</p>\n<p>Trending UOB put <a href=\"https://ttm.financial/S/EPGW.SI\">$UOB MB ePW260930(EPGW.SI)$</a> : https://warrants.com.sg/tools/livematrix/EPGW</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a0d0478da9acde11335068b557ecbd8a\" tg-width=\"800\" tg-height=\"800\"></p></body></html>","htmlText":"<html><head></head><body><p>This morning, <a href=\"https://ttm.financial/S/O39.SI\">$OCBC Bank(O39.SI)$</a> announced a first quarter profit of SGD 1.97 billion, ahead of consensus' SGD 1.9 billion estimates</p>\n<p>Its fee income momentum was the highest of the three banks at 24% year-on-year (YoY) growth; wealth fees increased 34% YoY</p>\n<p>By contrast, counterpart UOB reported 1Q profit of SGD 1.44 billion which was 4% lower YoY</p>\n<p>Its fee momentum was lacking, up only 1% YoY despite the acquisition of the Citi franchise four years ago</p>\n<p>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 $36.47</p>\n<p>Macquarie has trending call and put warrants for investors to trade the moves in OCBC and UOB. Trending warrants are quoted with the tightest spreads and offer the highest liquidity for investors to enter and exit the warrants with ease, regardless if anyone else is trading the warrants</p>\n<p>Trending OCBC call <a href=\"https://ttm.financial/S/IGBW.SI\">$OCBC Bk MB eCW260930(IGBW.SI)$</a> : https://warrants.com.sg/tools/livematrix/IGBW</p>\n<p>Trending OCBC put <a href=\"https://ttm.financial/S/V8QW.SI\">$OCBC Bk MB ePW260930(V8QW.SI)$</a> : https://warrants.com.sg/tools/livematrix/V8QW</p>\n<p>Trending UOB call <a href=\"https://ttm.financial/S/Y2FW.SI\">$UOB MB eCW260930(Y2FW.SI)$</a> : https://warrants.com.sg/tools/livematrix/Y2FW</p>\n<p>Trending UOB put <a href=\"https://ttm.financial/S/EPGW.SI\">$UOB MB ePW260930(EPGW.SI)$</a> : https://warrants.com.sg/tools/livematrix/EPGW</p>\n<p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a0d0478da9acde11335068b557ecbd8a\" tg-width=\"800\" tg-height=\"800\"></p></body></html>","text":"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","highlighted":1,"essential":1,"paper":2,"likeSize":4,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/561897730412664","repostId":0,"isVote":1,"tweetType":1,"viewCount":23216,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["IGBW.SI","EPGW.SI","Y2FW.SI","O39.SI","V8QW.SI"],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":true,"length":1107,"optionInvolvedFlag":false,"xxTargetLangEnum":"ORIG"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/561897730412664"}