KUALA LUMPUR (July 25): Maybank Investment Bank (IB) Bhd has issued fifteen new European style cash-settled call warrants and one new European style cash-settled put warrant, which were listed today with an issue size of 100 million each.

The 15 call warrants were issued on ordinary shares of Bumi Armada Bhd, Eco World Development Group Bhd, Gamuda Bhd, Globetronics Technology Bhd, Hengyuan Refining Company Bhd, IJM Corporation Bhd, Inari Amertron Bhd, MY E.G. Services Bhd, Sime Darby Property Bhd, Sime Darby Bhd, Tenaga Nasional Bhd, Unisem (M) Bhd, V.S. Industry Bhd, YTL Corporation Bhd, and FTSE Bursa Malaysia KLCI.

The put warrant was issued over the FTSE Bursa Malaysia KLCI.

In a statement today, Maybank IB said the structured warrants issued in this tranche are primarily a reissuance of structured warrants that have either expired or are expiring soon.

“While Maybank Investment Bank Research has revised its year end FBM KLCI target price downwards to 1,750 from 1,840 previously, it expects the market to be range bound for the second half of the year (2H2018). Taking this into consideration, coupled with the recent increase in volatility, sophisticated investors may capitalise on possible new opportunities by investing via the newly issued warrants,” Maybank IB said.

The tenure for the fifteen call warrants and one put warrant listed above is approximately 8 months.