Top mover alert: UOB drops more than 4% at open, DBS up more than 2% to new record high on results
📢This morning before market open, both $DBS(D05.SI)$ and UOB announced their 3Q25 earnings
🔻UOB: stock fell as much as 4.6% to $33.25 this morning after the bank said that it took SGD 615 million general credit allowances to cushion against broader banking sector headwinds given the US and China real estate risks, which led to its 3Q net income tumbling 72% to SGD 443 million, far below the SGD 2.27 billion average estimates of Bloomberg analysts
📊UOB's results contrast with that of DBS, which posted higher than expected profit of SGD 2.95 billion which despite falling 2% from the previous year, was ahead of the SGD 2.79 billion predicted by Bloomberg analysts
💰Particularly, its wealth fees surged more than 30% to SGD 796 million, while assets under management hit a record to SGD 474 billion
💫DBS: stock has rallied 2.9% as of 923AM to a new record high of $55.04 on the back of its results
🎖DBS call warrants and UOB put warrants are amongst this morning's top warrant gainers given the underlying share price moves.
🔍Trending DBS call $DBS MB eCW260330(8Y5W.SI)$ (https://warrants.com.sg/tools/livematrix/8Y5W) is 29.6% higher to SGD 0.070 given DBS' +2.8% increase while trending UOB put warrant $UOB MB ePW260130(ZYPW.SI)$ (https://warrants.com.sg/tools/livematrix/ZYPW) is up 24% to SGD 0.063 given UOB's -3.2% fall as of 925AM.
💸Both warrants are seeing holders cash in on the positions this morning
🔧Trending UOB call warrant $UOB MB eCW260330(9MRW.SI)$ (https://warrants.com.sg/tools/livematrix/9MRW) is down 25% to SGD 0.042 while trending DBS put warrant $DBS MB ePW260316(NATW.SI)$ (https://warrants.com.sg/tools/livematrix/NATW) is down 19.7% to SGD 0.049
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