KUALA LUMPUR: Kenanga Investment Bank (Kenanga) has announced its first warrant issuance of the year, providing opportunities for investors to trade in a volatile market.
In a statement, it said, trade with China has caught the headlines, but unpredictable business investments into and out of Malaysia presents a longer-term concern but fortunately for call warrant traders, volatility is always welcome.
“Listening to popular demand, our first issuance of 2019 offers 11 new highly-sensitive warrants will provide trading opportunities in a volatile market. In layman’s terms, sensitive warrants flip prices quickly so traders can enter and exit with speed and ease.” said Kenanga’s head of Equity Derivatives, Philip Lim.
These call warrants are European style, non-collateralised cash-settled call warrants. This is Kenanga’s first issuance of 2019 in conjunction with the launch of their Live Matrix.
The call warrants will be issued over the ordinary shares of FGV Holdings Bhd, Genting Malaysia Bhd, Hibiscus Petroleum Bhd, IJM Corporation Bhd, Inari Amertron Bhd, Malaysian Resources Corporation Bhd, MY EG Services Bhd, Pos Malaysia Bhd, Sime Darby Bhd, Tenaga Nasional Bhd and VS Industry Bhd.
Commenting on the development of Live Matrix, Lim added, “As some traders are relatively new to structured warrants trading, we place great importance on educating them. They are dealing with bullish market products which can be utilised in many conditions. We reviewed their concerns and launched the Live Matrix earlier this month. Now, warrant traders no longer need to estimate the flipping prices of warrants and anyone can access it free of charge.”
Kenanga Investment Bank Bhd now offers structured warrants traders access to its latest tool ‘Live Matrix’ which enables investors to view the live feed from Kenanga’s market making system, giving them easy access to real-time market data and flexibility to trade on-the-go.
It is KIBB’s aim to help build a smart warrants trading community in Malaysia by equipping them with the right tools and information,” he commented. KIBB also organises monthly talks across Malaysia to enhance financial literacy of its traders which includes warrants trading.