UOB Tumbles -5.5% on Earnings Miss; 5x Short DLC Gained +27.5%

$UOB(U11.SG)  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 5xShortSG290206(YYOW.SG)  rose as much as +27.5%, while the $UOB 5xLongSG290206(WCBW.SG) fell by a similar magnitude.

Other bank stocks also came under pressure following UOB’s disappointing results.

$DBS(D05.SG)  fell -1.5% as of 10am Singapore time, dropping below S$70 for the first time since July 2026. Correspondingly, the $DBS 5xShortSG280725(FVBW.SG)  rose +7.5%, while the $DBS 5xLongSG280223(Z5TW.SG)  declined by a similar magnitude.

$OCBC Bank(O39.SG) , meanwhile, fell -1%, lifting the $OCBC 5xShortSG281123(9DAW.SG)  by around +5%, while the $OCBC 5xLongSG280223(9RWW.SG)  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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