Macquarie Warrants Malaysia

06 Jan 2025 01:47

📈 U.S. stock markets rebound from shaky start to the year

S&P 500: 5,942.47 (+1.3%)
Nasdaq-100: 21,326.16 (+1.7%)
DJIA: 42,732.13 (+0.8%)
Eurostoxx: 4,871.45 (-0.9%)
U.S. crude futures: 73.96 (+1.1%)

U.S. stocks broadly closed higher on Friday following a shaky start to the year. The S&P 500 and Nasdaq-100 snapped five consecutive days of losses, advancing over 1% as tech stocks lifted the indices. Notably, shares of Tesla and Nvidia surged over 8% and 4% respectively. Microsoft announced Friday that it would spend $80 billion on AI-enabled data centers in 2025. The Dow Jones advance over 330 points, snapping four consecutive days of losses. For the week however, the three indices closed lower.

Whether bullish or bearish, investors may gain leveraged exposure to the US market via Macquarie’s warrants over the SP500 and NDX!

📌 View the Live Matrix for the focus US index warrants.

Macquarie Warrants Malaysia

30 Dec 2024 01:47

🌐 U.S. major indices weighed by tech stocks, but manage to post gains for the week

S&P 500: 5,970.84 (-1.1%)
Nasdaq-100: 21,473.02 (-1.4%)
DJIA: 42,992.21 (-0.8%)
Eurostoxx: 4,898.88 (+0.8%)
U.S. crude futures: 70.60 (+1.4%)

On Friday, U.S. stocks declined on the back of rising U.S. Treasury yields, in which the 10-year Treasury rose to levels not seen since late May. The Dow Jones snapped a five-day win streak, falling over 330 points, but managed to post gains for the week. Meanwhile, the S&P 500 and Nasdaq-100 both tumbled more than 1% as technology stocks continued to weigh. However, both indices managed to close higher for the week as well, with the S&P 500 advancing 0.7% while the Nasdaq-100 gained 0.9%.

Whether bullish or bearish, investors may gain leveraged exposure to the US market via Macquarie’s warrants over the SP500, DJIA and NDX!

📌 View the Live Matrix for the focus US index warrants.

Macquarie Warrants Malaysia

27 Dec 2024 03:30

⚡ Tenaga Nasional – 14% hike in base tariff

• Yesterday, Tenaga Nasional (TENAGA) announced that Peninsular Malaysia's base electricity tariff has been set at 45.62sen per kilowatt hour (kWh) in the three-year regulatory period 2025-2027 (RP4). This marks a 14.2% increase from 39.95 sen/kWh set in RP3 (2022-2024). (TheEdge, 26 Dec)

• With the news, shares of TENAGA opened at RM14.42, surging to a high of RM15.00 at the time of writing, marking a 5.7% gain.

• With the moves, TENAGA-C2L has seen a gain of over 75% in price, trading at RM0.075/0.080 at the bid/ask respectively.

• Investors who wish to gain leveraged exposure to shares of TENAGA may do so via TENAGA-C2L, view its live matrix here.

Macquarie Warrants Malaysia

23 Dec 2024 08:22

🎄Happy Holidays!

There will be no market making for all structured warrants on Wednesday, 25 December 2024, in conjunction with the Christmas Day holiday.

In addition, there will be no market making for all structured warrants over the Hong Kong underlyings, i.e. Hang Seng Index (HSI), Hang Seng TECH Index (HSTECH), iShares FTSE China A50 ETF (A50CHIN), SPDR Gold ETF (2840), and the shares listed on the Hong Kong Exchange on Tuesday, 24 December (afternoon session) and Thursday, 26 December (full day).

The market making hours for warrants over the Hong Kong underlyings on Tuesday, 24 December 2024 are adjusted as follows:
•HSI and HSTECH warrants: From 9.15 am to 12.28pm
•Hong Kong stocks, A50CHIN and SPDR Gold ETF (2840): From 9.30am to 11.58am

Market making will resume on Thursday, 26 December 2024 for all warrants except the warrants over Hong Kong underlyings, which will resume on Friday, 27 December 2024.

Macquarie Warrants Malaysia

19 Dec 2024 08:50

🗓️ Keep a lookout for these important dates! – Futures rollover, Expiry dates, and Hong Kong market holidays


🔔 Rollover reminder

Warrants over the S&P 500 (SP500), and Nasdaq-100 (NDX) to track their respective March 2025 futures starting tomorrow, 19 December 2024 until the next rollover date, which is towards March itself. The respective futures contract month for the U.S. index warrants will change on a quarterly basis as their expiry dates fall on every third Friday of every third calendar month in a quarter (i.e., in March, June, September and December).

Meanwhile, HSI, HSTECH, and FBMKLCI warrants to track their respective January 2025 futures starting the following dates:

• HSI & HSTECH January 2025 futures: 27 December 2024 (Friday)
• KLCI January 2025 futures: 30 December 2024 (Monday)


⚠️ Warrants expiring soon: HSI-CYC, HSI-CY8, MYEG-C6W, GENTINGC2Z, and GENTINGC3A amongst 61 others

A total of 66 warrants will be expiring within the next two weeks. These include warrants over indices such as the FBMKLCI, Hang Seng Index (HSI), NDX and SP500, among others, as well as warrants over Malaysia and Hong Kong stocks.

Read on for more here.

💡Hong Kong market holidays

We wish to inform that there will be no market making in the afternoon session on the following dates for any structured warrants over the Hang Seng Index, Hang Seng TECH Index, iShares FTSE China A50 ETF, SPDR Gold ETF and Hong Kong stocks in conjunction with the following holidays:

• Afternoon session on Christmas Eve, 24th December 2024
• Afternoon session on New Years Eve, 31st December 2024

Market making for these warrants will resume in the morning session on the following market day.

Macquarie Warrants Malaysia

19 Dec 2024 01:58

📉 U.S. equities tumble following disappointing Federal Reserve rate outlook in 2025

S&P 500: 5,872.16 (-3.0%)
Nasdaq-100: 21,209.31 (-3.6%)
DJIA: 42,326.87 (-2.6%)
Eurostoxx: 4,957.28 (+0.3%)
U.S. crude futures: 70.02 (+0.5%)

Whether bullish or bearish, investors may gain leveraged exposure to the US market via Macquarie’s warrants over the SP500, DJIA and NDX!

📌 View the Live Matrix for the focus US index warrants.

Macquarie Warrants Malaysia

18 Dec 2024 03:03

🚨Selling on the bid: 99SMART-CR, CIMB-C1T, GAMUDA-C2V, GENTING-C3K, GENM-C3C, MAYBANK-C1P, PBBANK-C1M, PEMTAL-C1M, RHBBANK-C57, WCT-C36, YTL-C1A, YTLPOWR-C72, HSI-PWBG and HSI-PWBR

We are looking to sell limited quantities of these warrants at the bid price when their respective underlyings are trading towards the bottom of the live matrix. For the opportunity to buy these warrants at the current bid prices, please proceed to queue at the bid.

Please note that the decision to fill individual orders and the quantity to sell at the bid price is at our sole discretion. Contact us at 03-2059 8840 if you have any questions.

📌 Check out their live matrix here and here

Macquarie Warrants Malaysia

17 Dec 2024 01:36

🚀Nasdaq-100 notch another record high

S&P 500: 6,074.08 (+0.4%)
Nasdaq-100: 22,096.66 (+1.5%)
DJIA: 43,717.48 (-0.3%)
Eurostoxx: 4,947.03 (-0.4%)
U.S. crude futures: 70.71 (-0.8%)

Whether bullish or bearish, investors may gain leveraged exposure to the US market via Macquarie’s warrants over the SP500, DJIA and NDX!

📌 View the Live Matrix for the focus US index warrants.

Macquarie Warrants Malaysia

16 Dec 2024 05:04

What to look out for this week, plus an update on latest Chinese economic stats

•This morning at 10AM: China released economic numbers related to November retail sales, industrial output, fixed asset investment and jobless rate.

•While November's industrial production rose in line with expectations (+5.4% year on year), and the jobless rate of 5% remained steady, retail sales for November rose only 3% compared to the 5% expectation. The latest retail sales stats validate the Chinese government's need to boost consumption as announced last week, although the market may be hung up over the lack of clarity on any policy

•Tuesday night: the US will publish their own November retail sales, which will offer insights into consumer spending for the month and help shape expectations for 4th quarter real GDP growth. Consensus estimates predict a month on month increase to 0.5%, up from the previous 0.4%.

•Wednesday night: the FOMC will announce their target rate, where markets are expecting the interest rates to be cut by 25 bps. Given the recent stalling in inflation progress and mixed signals from the labor market, the communication is likely to emphasize that future rate cuts will be data- dependent. The dot plot is likely to shift in a hawkish direction relative to the 100 bps of easing in 2025 that was indicated in September. Additionally, the US will publish their November housing starts and building permits, which is projected to remain relatively unchanged.

•Thursday: the Bank of Japan will announce their target rates. Expectations are for rates to remain unchanged, although the market is also pricing a low chance of a hike. The BoJ has unexpectedly scheduled a speech for Deputy Governor Himino on 14 January 2025 before the next BoJ meeting on 24 January - to potentially prime the market for a potential hike.

•Friday: Japan announces its national core Consumer Price Index for November, while the US will announce their Core PCE Price Index and Real Personal spending on Friday night.
• • Investors who wish to gain exposure to the broader markets in the coming weeks may consider the index warrants in the image above.

View their live matrix here:
📌HSI
📌U.S. Indices
📌Nikkei

Macquarie Warrants Malaysia

12 Dec 2024 03:57

💡MYEG’s Zetrix platform to offer digital ID services to China nationals and business entities

• On December 11th, MYEG announced that its Zetrix blockchain platform and Astron-Xinghuo BIF, the international chain of China’s national public permissioned blockchain under the Ministry of Industry and IT (“MIIT”), have partnered to offer Chinese nationals and business entities digital identification cards and business registration services for verification outside of China. (TheEdge, 11 Dec)

• At the time of writing, shares of MYEG are currently trading at RM0.945, 0.5% higher than yesterday’s close. Investors who wish to gain leveraged exposure to MYEG may consider MYEG-C7I and MYEG-C7V which are currently on tight spreads and have 1mil units placed on each of the bid and ask. MYEG-C7V is also one of the more sensitive warrants amongst its peers, moving 1 tick (RM0.005) for every 3 ticks change (RM0.015) in the underlying.

🔔 Axiata inks agreement with Sinar Mas to merge Indonesian operations

• On 11th December, Axiata Group sealed a definite deal with Sinar Mas to proceed with the proposed merger of PT XL Axiata Tbk and two other companies in Indonesia.
• The merged entity will be named PT XLSmart Telecom Sejahtera Tbk, where Axiata and Sinar Mas will remain as joint controlling shareholders with a 34.8% ownership stake each. Public shareholders will hold the remaining 30.4%. (TheEdge, 11 Dec)

• At the time of writing, shares of AXIATA are currently trading at RM2.35 following its suspension yesterday. Investors who wish to gain leveraged exposure to AXIATA may do so via AXIATA-C1D which currently trades at a bid/ask price of RM0.020/0.025, and has an effective gearing of 9.4x, moving approximately 9.4% for every 1% change in the underlying.

Macquarie Warrants Malaysia

11 Dec 2024 08:39

‼️ Rollover reminder: Nikkei 225 warrants to track SGX March 2025 futures starting tomorrow, 12 December 2024

👉 A gentle reminder that all of Macquarie’s warrants over the Nikkei 225 Index (NIKKEI) will start tracking their respective SGX March 2025 futures contracts starting tomorrow, Thursday, 12 December 2024.

📌 Check out the focus warrants in the image above. View their live matrix here.

Macquarie Warrants Malaysia

11 Dec 2024 05:23

💡 Malaysian autos: BYD M6 is the top-selling EV in November

Macquarie Equities Research (MQ Research) released a flashnote highlighting the recent sales and development within the electric vehicle (EV) market in Malaysia. MQ Research stated that BYD remained the best-selling EV brand in Malaysia for the 11M24 period, with a 37% market share. Together with BMW models, MQ Research estimates that Sime Darby (SIME) continues to dominate the EV space with a 48% market share.

MQ Research remains positive on SIME, maintaining its Outperform rating with a target price of RM3.30. MQ Research believes SIME is the best proxy to ride the EV transition with its portfolio of BYD/BMW offerings.

📌 Read on here for an excerpt of MQ Research’s flashnote dated 9 December 2024 and on how you can gain leveraged exposure to SIME and BYD with structured warrants, namely call warrants SIME-C87 and BYD-C33. Both these warrants currently have bid/ask prices which are less than RM0.100, allowing investors to gain exposure to the underlying at a fraction of their share price.

Macquarie Warrants Malaysia

10 Dec 2024 05:46

🚨 HSI opens above 21,000 today - what is going on?

• It looks like we have the answer to our article posted last Wednesday with the question "Will the HSI trade above 20,000 ahead of next week's Central Economic Work Conference?"

• The Hang Seng Index (HSI) December futures climbed 3.6% yesterday to close at 20,650, while the Hang Seng TECH Index (HSTECH) December futures rose 5.8% to 4,739, after reports stating that China's Politburo - China's top decision-making body - vowed to embrace a “moderately loose” strategy for monetary policy in 2025, with a “more proactive” approach on fiscal policies, stabilizing property and stock markets, while promising to “forcefully lift consumption".

🔔 The 3 highlights of the Politburo's meeting include:


• Monetary policy: The meeting shifted the monetary policy stance from "prudent" to "moderately loose". The previous shift happened in 2010, when it shifted from "moderately loose" to "prudent". In other words, it's the first time the current leadership does acknowledge that monetary policy should be loose, setting the stage for a new monetary easing cycle.

• Overall policy stance: For counter-cyclical policies, the meeting added "extraordinary" before that. For fiscal policy, the meeting added "more" to the previous "proactive" stance.

• The meeting called for "stabilizing the housing and stock markets"

📌 Investors who wish to gain leveraged exposure to the HSI may do so via our warrants. Bullish investors may consider our focus call warrants HSI-CWAP and HSI-CWAQ, while bearish investors may consider our focus put warrants HSI-PWBF and HSI-PWB7.

💡 Our focus warrants have up to 12mil units placed at the bid and ask, providing investors with high liquidity to enter and exit positions with relative ease.

📌 Check out their live matrix here: https://www.malaysiawarrants.com.my/tools/livematrix/0652AP&0652AQ&0652BF&0652B7

Macquarie Warrants Malaysia

09 Dec 2024 05:24

⚡ Malaysian autos – Perodua unveils its latest EV concept

Macquarie Equities Research (MQ Research) released a flashnote on Perodua’s latest concept of its upcoming electric vehicle (EV) which was unveiled at the recent Kuala Lumpur International Mobility Show (KLIMS). According to MQ Research, Perodua’s management has indicated a potential RM50k-90k price range for the model, which would make it the cheapest EV in the market.

MQ Research maintains its Outperform rating on SIME, with a target price of RM3.30. MQ Research believes SIME is the best proxy to ride the EV transition with its portfolio of BYD/BMW offerings in the short term.

Investors who wish to gain leveraged exposure to SIME may do so via our call warrant SIME-C87. Expiring in May 2025, this call warrant is one of the longer dated warrants in the market, allowing investors to trade and hold this warrant without experiencing significant time decay. In addition, this warrant currently trades at a bid/ask price of RM0.030/0.035, allowing investors to gain effective exposure to shares of SIME at a fraction of its share price.

This warrant currently has up to 1 mil units placed at the bid and ask and is currently on tight spreads, allowing investors to enter and exit their positions with relative ease.

📌 Read on for more: https://tinyurl.com/yvap9zp4

Macquarie Warrants Malaysia

06 Dec 2024 04:04

🟢 Warrant Heatmap: Green Pentagons over various stocks and indices!

• This past week brings notable updates to the Warrant Heatmap. Green Pentagons have appeared for stock underlyings such as WCT Holdings (WCT), Public Bank (PBBANK), Inari Amertron (INARI) and Press Metal (PMETAL), among others, and indices such as the S&P 500 Index (SP500) and FBM KLCI.

• Notably, WCT has seen a week-to-date surge of over 11% in its share price, while INARI and PMETAL have gained over 5.8% and 6.6% respectively week-to-date at the time of writing.

• Further, the much-anticipated November U.S. nonfarm payrolls report will be released later this evening, which could pose some volatility in global markets and provide indication of the health of the U.S. labour market. Overnight, the SP500 fell 0.2%, snapping four days of gains.

• Explore the emergence of several new pentagons which indicate either a bullish signal (Green Pentagon) or bearish signal (Red Pentagon). Investors can refer to the heatmap pentagon alert on our homepage which highlights the underlyings that have a Green or Red Pentagon appear within the last five trading days. Read more about the warrant heatmap here.

• Investors who wish to gain leveraged exposure to these underlyings may consider our warrants in the image above. View their live matrix here.

Macquarie Warrants Malaysia

30 Dec 2024 08:45

Happy New Year from Macquarie Warrants Malaysia!

As we welcome the New Year, we would like to thank you for your continued support! We look forward to bringing you more daily warrant and market related updates in 2025.

Bursa Malaysia is closed on Wednesday, 1 January 2025 in conjunction with the New Year’s holiday with no market making for any warrants.

In addition, there will be no market making for all structured warrants over the Hong Kong underlyings, i.e. Hang Seng Index (HSI), Hang Seng TECH Index (HSTECH), iShares FTSE China A50 ETF (A50CHIN), SPDR Gold ETF (2840), and shares listed over the Hong Kong Exchange for the afternoon session on Tuesday, 31 December 2024.

The market making hours for warrants over the Hong Kong underlyings on Tuesday, 31 December 2024 are adjusted as follows:

• HSI and HSTECH warrants: From 9.15 am to 12.28pm
• Hong Kong stocks, A50CHIN and SPDR Gold ETF (2840): From 9.30am to 11.58am

Market making for all structured warrants will resume on Thursday, 2 January 2025.

Macquarie Warrants Malaysia

27 Dec 2024 09:55

‼️ Rollover reminder: FBMKLCI warrants to track January 2025 futures starting Monday, 30 December 2024

👉 A gentle reminder that all of Macquarie’s warrants over the FBM KLCI will start tracking the FBM KLCI January 2025 futures contract from Monday, 30 December 2024.

Macquarie Warrants Malaysia

24 Dec 2024 08:20

‼️ Rollover reminder: HSI & HSTECH warrants tracking January 2025 futures contract on 27 December 2024

A gentle reminder that all of Macquarie's warrants over HSI & HSTECH will start to track their respective January 2025 futures contract on Friday (27 December 2024).

Further, there will be no market making for all structured warrants over the Hong Kong underlyings, i.e. Hang Seng Index (HSI), Hang Seng TECH Index (HSTECH), iShares FTSE China A50 ETF (A50CHIN), SPDR Gold ETF (2840), and the shares listed on the Hong Kong Exchange on Thursday, 26 December (full day).

Macquarie Warrants Malaysia

23 Dec 2024 01:58

🚨 U.S. indices rebound on Friday on cooler-than-expected PCE data

S&P 500: 5,930.85 (+1.1%)
Nasdaq-100: 21,289.15 (+0.9%)
DJIA: 42,840.26 (+1.2%)
Eurostoxx: 4,862.28 (-0.3%)
U.S. crude futures: 69.46 (+0.1%)

Whether bullish or bearish, investors may gain leveraged exposure to the US market via Macquarie’s warrants over the SP500, DJIA and NDX!

📌 View the Live Matrix for the focus US index warrants.

Macquarie Warrants Malaysia

19 Dec 2024 02:52

🚨 YTLPOWR surges at open following MACC clearance

• In a bourse filing yesterday, YTL Power (YTLPOWR) said the Malaysian Anti-Corruption Commission (MACC) has cleared the group's 60% owned subsidiary, YTL Communications Sdn Bhd, of any wrongdoing in connection with the 1BestariNet project. (TheEdge, 18 Dec)

• At the morning open, shares of YTLPOWR opened at RM3.86, 5.4% higher than yesterday’s close. At the time of writing, shares of YTLPOWR are currently trading at RM3.91.

• Investors who wish to gain leveraged exposure to YTLPOWR may do so via our call warrant YTLPOWR-C72. With the moves, YTLPOWR-C72 has gained 25% in price, to trade at RM0.100/0.105 at the time of writing.

Macquarie Warrants Malaysia

18 Dec 2024 08:31

‼️ Rollover reminder: SP500 and NDX warrants to track March 2025 futures starting tomorrow, 19 December 2024

👉 A gentle reminder that all of Macquarie’s warrants over the S&P 500 Index (SP500) and Nasdaq-100 (NDX) will start tracking their respective March 2025 futures contracts starting tomorrow, Thursday, 19 December 2024.

📌 Check out the focus warrants in the image above. View their live matrix here.

Macquarie Warrants Malaysia

17 Dec 2024 04:35

Gamuda's Australian subsidiary secures RM1.8bil contract for Goulburn River Solar Farm

• Gamuda Bhd's (GAMUDA) Australian subsidiary, DT Infrastructure, has secured a A$625mil (RM1.8bil) engineering, procurement and construction (EPC) contract for the Goulburn River Solar Farm project. (The Edge, 16th Dec)

• In a filing with Bursa on Monday, GAMUDA announced that DT Infrastructure’s responsibilities for the project will encompass the civil, structural and electrical infrastructure required for the 585MW solar farm, which is set to commence on January 1, 2025.

• On the back of the news, Gamuda’s share price traded in the positive territory as at 10:57AM this morning, rising 0.5%.
• Bullish investors who are optimistic that this underlying still has room for further upside in the short-term may consider Macquarie Warrants Malaysia’s GAMUDA-C2V.

📌Check out its live matrix here

Do note that GAMUDA announced a bonus issue on the basis of one bonus share for every one existing share (1:1) with an entitlement date of 20 December 2024 and an ex-date of 19 December 2024. The exercise price and exercise ratio of all GAMUDA warrants will be adjusted accordingly, and their adjustments will be effective from the ex-date i.e. 19 December 2024.

Macquarie Warrants Malaysia

16 Dec 2024 05:19

💡‼️ GAMUDA’s bonus issue and HARTA’s special dividend – how will it impact structured warrants?

Gamuda Berhad (GAMUDA) and Hartalega Holdings (HARTA) have in recent months announced their respective corporate action updates, alongside their relevant entitlement dates and ex-dates.

GAMUDA announced a bonus issue on the basis of one bonus share for each one existing share (1:1) with an entitlement date of 20 December 2024 and an ex-date of 19 December 2024. The exercise price and exercise ratio of all GAMUDA warrants will be adjusted accordingly, and their adjustments will be effective from the ex-date i.e. 19 December 2024.

Moreover, HARTA announced a special dividend of 10.85 sen on 9 December 2024, with an entitlement date of 23 December 2024 and an ex-date of 20 December 2024. The exercise price and exercise ratio for all HARTA warrants will be adjusted accordingly if the adjustments would amount to the exercise price and/or exercise ratio being changed by 2% or more. Their adjustments, if any, will be effective from the ex-date i.e. 20 December 2024.

📌 Read on to find out more and to read up on the relevant adjustment formulae for these corporate actions: https://tinyurl.com/33k7xjn6

Macquarie Warrants Malaysia

13 Dec 2024 07:28

‼️📣 Today’s new listing: Warrants over IJM, SIMEPROP, NIO, HSI and more!

Macquarie Warrants Malaysia’s new listing of warrants today features 12 new additions, consisting of warrants over Malaysian stocks from the likes of IJM Corporation (IJM), Sime Darby Property (SIMEPROP) and MY E.G. Services (MYEG), amongst others.

Further, included in today’s listing are warrants over Hong Kong stocks, which are call warrants over Nio Inc (NIO), Ping An Insurance (PINGAN) and Xiaomi Corporation (XIAOMI), alongside warrants over the Hang Seng Index (HSI).

Today’s new warrants over the HSI include 2 pairs that will expire on 28 March 2025, allowing bullish or bearish investors to potentially profit from the rise or decline in the Hong Kong market.

📌 Read on to find out more about the warrants in today’s new listing: https://tinyurl.com/3dfx6mwp

Macquarie Warrants Malaysia

12 Dec 2024 02:05

🚨 Nasdaq-100 rallies to all time high; November CPI within estimates

S&P 500: 6,084.19 (+0.8%)
Nasdaq-100: 21,763.98 (+1.9%)
DJIA: 44,148.56 (-0.2%)
Eurostoxx: 4,959.35 (+0.2%)
U.S. crude futures: 70.29 (+2.5%)

Whether bullish or bearish, investors may gain leveraged exposure to the US market via Macquarie’s warrants over the SP500, DJIA and NDX!

📌 View the Live Matrix for the focus US index warrants.

Macquarie Warrants Malaysia

11 Dec 2024 07:51

‼️🚨 Trading halt and resumption: AXIATA

📣Trading in the shares of Axiata Group (AXIATA) has been suspended since this morning and will only resume trading at 9:00am tomorrow morning (12 December 2024). Similarly, trading in AXIATA-C1D has been suspended and will resume accordingly.

The company has announced the signing of an agreement with Sinar Mas for the proposed merger of XL Axiata and Smartfren in Indonesia, which is expected to be completed in the first half of 2025.

Read more on the Bursa Malaysia’s website:
📌https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3508194
📌https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3508215

Macquarie Warrants Malaysia

11 Dec 2024 02:48

🚨Selling on the bid: 99SMART-CR, CIMB-C1T, GAMUDA-C2V, GENTING-C3K, GENM-C3C, MAYBANK-C1P, PBBANK-C1M, PEMTAL-C1M, RHBBANK-C57, WCT-C36, YTL-C1A, YTLPOWR-C72, HSI-PWBF and HSI-PWB7

We are looking to sell limited quantities of these warrants at the bid price when their respective underlyings are trading towards the bottom of the live matrix. For the opportunity to buy these warrants at the current bid prices, please proceed to queue at the bid.

Please note that the decision to fill individual orders and the quantity to sell at the bid price is at our sole discretion. Contact us at 03-2059 8840 if you have any questions.

📌 Check out their live matrix here and here

Market colour - GAMUDA

Gamuda announced yesterday that it is acquiring a 20% stake in Cloud Space, a premier Google Cloud partner, for RM18 million. Additionally, Gamuda is partnering with Dagang NeXchange (DNeX) to offer on-premises Google Cloud services to Malaysian businesses and government agencies. In this joint venture, both Gamuda and DNeX will each hold a 50% equity stake. Gamuda will contribute its technical expertise in AI and cloud technologies, while DNeX will handle relationship management and facilitate the sharing of existing business information and other relevant data. (The Edge, 10th Dec)

Macquarie Warrants Malaysia

10 Dec 2024 03:33

🚨 Implied volatility – how does it affect structured warrants?

Yesterday, a key policy meeting to outline upcoming economic priorities took place, where China’s leaders pledged “more proactive” fiscal measures and “moderately” looser monetary policy next year to boost domestic consumption (CNBC, 9 Dec).

With the news announcement, Hong Kong markets soared to which the Hang Seng Index (HSI) futures surged up to 3.6% at the close while the Hang Seng TECH Index (HSTECH) futures advanced up to 5.8% yesterday. This morning, the HSI and HSTECH futures opened even higher, though they have lost some of their gains as of the time of writing.

Investors should note that the implied volatility (IV) for structured warrants will move upwards or downwards to reflect the current market conditions. All else held constant, the higher the volatility, the higher the probability that the warrant will expire in the money, and hence the higher the price of the warrant, and vice versa.

Further, as highlighted in a previous article here, the volatile market movements can cause certain warrants to trade above their respective static upper price limits or below their respective static lower price limits. As a result, the market maker will not be able to make markets in such warrants. You may refer to the warrant announcement on our homepage, which is updated regularly, for a list of such warrants.

📌 Read on to find out more about IV and how it impacts warrants: https://tinyurl.com/77ph8ecr

Macquarie Warrants Malaysia

09 Dec 2024 04:17

Xinhua News ahead of this week's Central Economic Work Conference: China has room to increase fiscal deficit

• Last Friday, China's official Xinhua News Agency wrote in a commentary that China’s government debt ratio that stood at 67.5% as of 2023, is far below the global average of 118% among G-20 countries, and would therefore have more room to boost debt. The news agency stopped short of indicating what the country’s deficit ratio target for 2025 might be.

• Last month, China's Finance Minister Lan Fo’an had pledged to adopt a “more forceful” fiscal policy next year and “actively” use the room for to raise the official deficit, a sign that bolder steps could lie ahead. (Bloomberg)

• This week, investors are closely watching to see whether Beijing would use its fiscal firepower to increase stimulus in its Central Economic Work Conference. Expectations are for China's deficit ratio in 2025 to be raised above 3% of its gross domestic product, while keeping 2025's growth goal in line with the 2024 target of around 5%.

📌 Investors who wish to gain leveraged exposure to the HSI may do so via our warrants. Bullish investors may consider our focus call warrants HSI-CY8 and HSI-CYK, while bearish investors may consider our focus put warrants HSI-HZW and HSI-PWB7.

📌 Check out their live matrix here: https://www.malaysiawarrants.com.my/tools/livematrix/0651Y8&0651YK&0651ZW&0652B7

‼️ Our focus warrants have up to 12mil units placed at the bid and ask, providing investors with high liquidity to enter and exit positions with relative ease.

Macquarie Warrants Malaysia

05 Dec 2024 07:22

📉 HSI-CY8 in focus as HSI futures fall 1.0%

This morning, the Hang Seng Index (HSI) December futures fell up to 1.0% as of the lunch break, weighed by weakness in Chinese financial and tech stocks (Dimsum Daily, 5 Dec). With the drop in the futures, investors were seen taking positions in call warrant HSI-CY8, which fell up to 20% in price. Investors net bought almost 12M units of this warrant with over 35M units traded.

Other call warrants which saw investor interest include HSI-CYX and HSI-CWAF which saw 2.5M and 1.6M units net bought by investors, respectively.

On the other hand, investors were seen disposing of put warrants HSI-PWBG and HSI-HZW, net selling 5.0M and 2.9M units as these warrants rose 10% in price each.

📌 Investors who wish to trade the moves in the HSI may do so via our focus call and put warrants. View their live matrix here.