Top movers alert: OCBC 3% higher on results; SingTel jumps 5% on stake purchases/sale news

Macquarie Warrants Singapore
11-07

🔝This morning, SingTel and OCBC call warrants are amongst the top stock warrant gainers after OCBC and SingTel shares respectively rise 3% and 4.7% as of 940AM

✳ Trending SingTel call warrant $SingtelMBeCW260227(9PBW.SI)$ (https://warrants.com.sg/tools/livematrix/9PBW) rose 36.8% to SGD 0.026, almost 8 times more than $Singtel(Z74.SI)$ share price increase, while trending OCBC call warrant $OCBC Bk MB eCW260330(WYRW.SI)$ (https://warrants.com.sg/tools/livematrix/WYRW) is up 25% to SGD 0.050, 8.4 times more than $OCBC Bank(O39.SI)$ 's share price gain

✴ Meanwhile, trending OCBC put warrant $OCBC Bk MB ePW260330(WQPW.SI)$ (https://warrants.com.sg/tools/livematrix/WQPW) is 11.1% lower to SGD 0.024. There is no trending SingTel put warrant.

📢OCBC: its 3Q net income of SGD1.98 billion beat the SGD 1.78 billion estimate on better non-interest income and a lower-than-expected credit charge

💳Its wealth fees rose 53% compared to the previous year while its loan growth of +7% from the previous year beat DBS and UOB's 4-5% loan growth figures

💬SingTel: according to this morning's article by The Edge, citing Reuters, Singtel and investment firm KKR & Co (KKR) are in advanced talks to buy more than 80% of ST Telemedia Global Data Centres (STT-GDC). If the deal materialises, both KKR and SingTel will gain full ownership of STT-GDC) for over SGD 5 billion

🌐If this goes through, SingTel will be able to scale itself to become a global data centre player

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