Kenanga offers first-ever Hang Seng Index warrants

KUCHING: Hang Seng Index structured warrants issued by Kenanga Investment Bank is now listed on FBMKLCI namely, HSI-CIW and HSI-HMO.

This launch marks Kenanga’s first foray into offering investors exposure to East Asia via structured warrants on the Main Market. The HSI is the most widely quoted performance indicator of the Stock Exchange of Hong Kong (SEHK), the fourth largest stock exchange operator in the world.

The Hang Seng Index tracks the performance of around 50 of the largest, most liquid stocks in Hong Kong market including global names such as Alibaba Group, Meituan, HSBC, Xiaomi, Tencent, Henderson and Sino Biopharm.

This launch appeals to traders with higher risk appetites as macro-economic conditions are creating great trading opportunities in the HSI.

“At Nagawarrants by Kenanga, our commitment is to provide carefully designed financial instruments that offer traders diverse exposure according to their risk and return preferences,” said Philip Lim, head of equity derivatives at Kenanga Investment Bank.

“Demonstrated by the high daily demand for our current warrants, it is clear that we are on the right path serving customers who prioritise quality warrants and profitability over quantity. This is why we are expanding our warrant issuances to include Hang Seng Index warrants.

“Our intense focus on online education, cutting-edge trading tools, reliable market-making abilities and liquidity empowers traders to arrive at profitable and informed decisions.”

In conjunction with the launch, Kenanga Investment Bank will be hosting their first-ever Hang Seng Index Warrants webinar, jointly with Bursa Malaysia, on August 7, 2021, Saturday.

The webinar will feature Azhar Mohd Zabidi from Bursa Malaysia, Isabelle Zhen from Kenanga Investment Bank and Johan J. Lee, a Hang Seng warrants specialist from Hong Kong where participants can learn about the Hang Seng Index Warrants and at the same time, stand a chance to win prizes courtesy of Garmin Malaysia.

Structured warrants are generally used to make money from volatility. Bullish investors typically buy a call warrant to benefit from an up trending underlying asset while bearish investors may buy a put warrant to benefit from a down-trending underlying asset.

Kenanga’s local equity warrants have consistently been the most popular trading instruments in Malaysia, as demonstrated by its “Best Structured Warrants Issuer 2020” award by Bursa Malaysia, accounting for over 25 per cent of warrant turnover in 2020.

For more information on Kenanga, please visit www. kenanga.com.my.