Kenanga Investment Bank Bhd under its NagaWarrants umbrella brand is issuing 10 new European style cash-settled call warrants to meet investors’ demand for trading opportunities and leveraged products.
This new series offers warrants on familiar names such as Ann Joo Resources Berhad, Inari Amertron Berhad and Petronas Chemicals Group Berhad, while offering Kenanga warrants on Pestech International Berhad and Malaysia Marine and Heavy Engineering Holdings Berhad for the first-time.
These 10 structured warrants are European Styled Non-Collateralised Cash-Settled warrants with a tenure of 6 and a half months.
The call warrants will be issued over the ordinary shares of Ann Joo Resources Berhad, Dialog Group Berhad, Inari Amertron Berhad, Malaysia Building Society Berhad, Malaysia Marine and Heavy Engineering Holdings Berhad, Pestech International Berhad, Petronas Chemicals Group Berhad, Press Metal Aluminium Holdings Berhad, V.S. Industry Berhad and WCT Holdings Berhad.
“Savvy investors may have noticed the trend of shorter-termed warrant issuances this year. We see
an increasing demand for warrants with a lower absolute price and higher effective gearing. These benefit traders who seek leverage during their investment horizon,” said Philip Lim, Head of Equity Derivatives, in a statement today.