Maybank Investment Bank issues 15 new call warrants, 1 put warrant

KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) has issued 15 new European style cash-settled call warrants.

The issues are over 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 EG Services Bhd, Sime Darby Property Bhd, Sime Darby Bhd, Tenaga Nasional Bhd , Unisem (M) Bhd, VS Industry Bhd, YTL Corporation Bhd and FTSE Bursa Malaysia KLCI (FBMKLCI), Maybank IB said in a statement.

The investment bank has also issued a new European style cash-settled put warrant over the FBMKLCI.

The call warrants and put warrant were listed today 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.

The tenure for the 15 call warrants and one put warrant listed above is about eight months.

Meanwhile, Maybank IB Research has revised its year-end FBMKLCI target downwards to 1,750 points from 1,840 previously, with the expectation that the market will 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,” the bank added. — Bernama