KUALA LUMPUR (Jan 18): Kenanga Investment Bank Bhd (Kenanga IB) kicks off 2019 with the launch of 11 new call warrants to provide trading opportunities in a volatile market.
The call warrants are issued over the shares of FGV Holdings Bhd, Genting Malaysia Bhd, Hibiscus Petroleum Bhd, IJM Corp Bhd, Inari Amertron Bhd, Malaysian Resources Corp Bhd, MY E.G. Services Bhd, Pos Malaysia Bhd, Sime Darby Bhd, Tenaga Nasional Bhd and V.S. Industry Bhd.
In a statement today, Kenanga IB head of equity derivatives Philip Lim said sensitive warrants flip prices quickly so traders can enter and exit with speed and ease.
"Trade with China has caught the headlines, but unpredictable business investments into and out of Malaysia presents a longer-term concern. Fortunately for call warrant traders, volatility is always welcome," he added.
The 11 new warrants are European style, non-collateralised cash-settled call warrants.