Thursday 28 Mar 2024
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KUALA LUMPUR (Oct 18): RHB Investment Bank Bhd (RHBIB) said it has issued 10 new call warrants over top Hong Kong and China companies.

The warrants, which began trading today, include Tencent Holdings, Geely Automobile, CK Hutchison, Bank of China and the recently-listed Xiaomi Corporation.

The others are Industrial and Commercial Bank of China, Ping An Insurance, Sands China, Country Garden and China Mobile.

“RHBIB continuously strives to meet investors demand via product innovation. Last year, we successfully listed 16 physical-settled call warrants over Malaysian stocks.

“This year, with the listing of these 10 new Hong Kong stock call warrants, it will provide the local investors an opportunity to gain exposure to the biggest Hong Kong companies without having to leave Bursa Malaysia,” RHB Investment Bank chief executive officer Robert Huray said in a statement.

These Hong Kong stock warrants will also allow local investors to diversify their investment portfolio, gaining leverage exposure to large corporations like Tencent Holdings with just a small fraction of the underlying share price, he added.

Tencent Holdings is currently the largest company listed on the Hong Kong Stock Exchange with a market capitalization of over HK$2.5 trillion.

RHBIB is currently the only warrant issuer to list foreign stock warrants on Bursa Malaysia. It targets to list up to 30 Hong Kong stock warrants by the end of 2018.

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