Thursday 28 Mar 2024
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This article first appeared in The Edge Financial Daily on July 26, 2018

KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) has issued 15 new cash-settled call warrants over shares in Bumi Armada Bhd, Eco World Development Group Bhd, Gamuda Bhd, Globetronics Technology Bhd, Hengyuan Refining Co Bhd, IJM Corp Bhd, Inari Amertron Bhd, MyEG Services Bhd, Sime Darby Property Bhd, Sime Darby Bhd, Tenaga Nasional Bhd, Unisem (M) Bhd, VS Industry Bhd, YTL Corp Bhd and the FBM KLCI.

Maybank IB also issued one new cash-settled put warrant over the FBM KLCI.

In a statement, Maybank IB said the call warrants and put warrant were listed yesterday, with an issue size of 100 million each.

“The structured warrants issued in this tranche are primarily a reissuance of structured warrants that have either expired or are expiring soon.

“This issuance covers key sectors of the economy including the construction, property, manufacturing and oil and gas sectors, with additional warrants issued over the benchmark index,” it added.

While Maybank IB Research has revised its year-end FBM KLCI target downwards to 1,750 from 1,840 previously, Maybank IB said it expects the market to be rangebound for the second half of the year.

The call warrants have gearings ranging from 2.75 times to 11.2 times. The tenure for the 15 call warrants and one put warrant listed above is eight months.

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