Kenanga Investment Bank issues 8 call warrants
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Kenanga Investment Bank issues 8 call warrants
KUALA LUMPUR: Kenanga Investment Bank Bhd is issuing eight new European style cash-settled call warrants over the shares of UOA Development Bhd, KPJ Healthcare Bhd, Public Bank Bhd, Alliance Financial Group Bhd, Bumi Armada Bhd, Gamuda Bhd, Kulim (Malaysia) Bhd and Rimbunan Sawit Bhd.
Kenanga Holdings Bhd
said on Tuesday the issuance of the call warrants under its
NagaWarrants brand to meet investors' demand for trading opportunities
and alternative investments.
It said the call warrants would be
listed on the Structured Warrants Board of Bursa Malaysia Securities
Bhd on Wednesday with tenures of approximately one year and issue size
of up to 100 million each.
The new call warrants are priced at 15 sen each with effective gearing ranging from 2.32 to 6.88 times.
"We believe the eight new warrants represent some of the favourite underlying counters amongst domestic stock traders," said Kenanga Investment Bank's head of equity derivatives and structured products, Seow Choong Liang.
Seow added these call warrants were targeted at traders seeking leveraged exposure to the underlying securities.
Kenanga Holdings Bhd
said on Tuesday the issuance of the call warrants under its
NagaWarrants brand to meet investors' demand for trading opportunities
and alternative investments.
It said the call warrants would be
listed on the Structured Warrants Board of Bursa Malaysia Securities
Bhd on Wednesday with tenures of approximately one year and issue size
of up to 100 million each.
The new call warrants are priced at 15 sen each with effective gearing ranging from 2.32 to 6.88 times.
"We believe the eight new warrants represent some of the favourite underlying counters amongst domestic stock traders," said Kenanga Investment Bank's head of equity derivatives and structured products, Seow Choong Liang.
Seow added these call warrants were targeted at traders seeking leveraged exposure to the underlying securities.
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