Tuesday 23 Apr 2024
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KUALA LUMPUR (Feb 13): Maybank Investment Bank Bhd (Maybank IB) has issued eight new call warrants (CWs) over shares of Hartalega Holdings Bhd, Hume Industries Bhd, Karex Bhd, Kossan Rubber Industries Bhd, Press Metal Bhd, Supermax Corp Bhd, Top Glove Corp Bhd and Unisem (M) Bhd.

The CWs will be listed today, with an issue size of 100 million each. 

In a statement today, Maybank IB said this tranche features CWs over export-driven industries.

"With the ringgit falling to more than 3.550 per US dollar as at Feb 6, 2015 in conjunction with the sharp decline in global oil price, export-driven industries are expected to gain from foreign exchange (forex) gains and more competitively priced products.

"Ringgit-priced products will be more competitively priced compared with its peers, which may spur demand for Malaysian goods. Exporters with US dollar-denominated sales will enjoy a higher profit margin from forex translation gains from their foreign currency-denominated sales," said Maybank IB.

The CWs, with tenure of 12 months, have gearings ranging from 3.14 times to 6.29 times.
 

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