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Latest Warrants
| No | Warrant | Listing Date |
|---|---|---|
| 1. | HKEX-CB: CW Hong Kong Exchanges and Clearing Ltd (OSK) | 23-12-2008 |
| 2. | SIME-CG: CW Sime Darby Bhd (OSK) | 23-12-2008 |
| 3. | PETROCH-CA: CW Petrochina Company Ltd (OSK) | 23-12-2008 |
| 4. | RESORTS-CI: CW Resorts World Bhd (KIBB) | 19-12-2008 |
| 5. | HSI-C7: CW Hang Seng Iindex (CIMB) | 15-12-2008 |
| 6. | SIME-CF: CW Sime Darby Bhd (CIMB) | 15-12-2008 |
| 7. | BURSA-CL: CW Bursa Malaysia Bhd (CIMB) | 15-12-2008 |
| 8. | AMMB-CC: CW AMMB Holdings Bhd (CIMB) | 15-12-2008 |
| 9. | CHMOBIL-CD: CW China Mobile Ltd (OSK) | 09-12-2008 |
| 10. | GENTING-CM: CW Genting Bhd (OSK) | 09-12-2008 |
Guide to Investing in Call Warrants
December 7th, 2007 by adminA call warrant is a derivative-based product that has a fixed tenure (maturity) and, if not exercised, is worthless after its expiry date. Therefore, it is essential to select a call warrant that has sufficient time before it expires to match investment targets.
While a call warrant is traded like a stock, it is not based on the company’s performance but the attractiveness of the company’s stock that is being traded on the stock market. It derives its value from the value of an underlying security stock.
A holder of a call warrant does not have any voting, shareholding or dividend rights. The investor therefore has no say in the management of the company, even though he is affected by any decisions made by the company that impacts the share price of the warrants.
As call warrants are somewhat volatile investment vehicle, it pays to understand some of the terms used.
- “Mother share”: The share on which the call warrant is based. It is also known as the underlying security.
- Expiry date or ex-date: This is a very important date to know, because if you do not redeem your call warrant before or on the expiry date, it ceases to exist.
- Exercise or strike price: It’s the stated price per share for which the mother share may be purchased or sold by the call warrant holder upon exercise of the call warrant contract.
- Settlement types: This means the type of settlement to warrant holders upon maturity i.e. physical-settled or cash-settled.
- Settlement price: This means a reference price determined by the market in which a Call Warrant is converted into cash value.
Latest Warrant in Bursa Malaysia
December 4th, 2007 by adminSime Darby Bhd Stock Surged
November 30th, 2007 by adminThe share price of Sime Darby Bhd formerly known as Synergy Drive Bhd surged to a high of RM12.10, up RM3.20 or 36% from the reference price of RM8.90 when it was listed on Nov 30.
Most research houses are giving the thumbs up to Sime Darby, with 12-month target prices ranging from RM11.40 to RM12.80.
