Follow Us For The Latest Updates

Follow Us For The Latest Updates

Warrants over HSI, DNEX and JAKS in the spotlight

Last week, despite a shorter week in conjunction with the Hari Raya Haji holiday on Tuesday (20 July), overall warrants turnover surged 85.7% week-on-week (w-o-w) to RM243.5mil due to the increased turnover in warrants over indices (+91% w-o-w) and single stocks (+83% w-o-w).
macquarie structured warrants 20200914

Last week, despite a shorter week in conjunction with the Hari Raya Haji holiday on Tuesday (20 July), overall warrants turnover surged 85.7% week-on-week (w-o-w) to RM243.5mil due to the increased turnover in warrants over indices (+91% w-o-w) and single stocks (+83% w-o-w).  

The Hong Kong’s Hang Seng Index (HSI) traded below the 28,000 level and was mostly in the red last week, resulting in a weekly loss of 2.4% as it closed 1.5% lower on Friday at 27,321.98 points, wiping its previous day’s 1.8% rally. HSI’s bearish move was on the back of lingering concerns about Beijing’s crackdown against internet-platform companies along with the increased Delta variant Covid cases globally (South China Morning Post, 23 July).

Call warrant HSI-CFR (-75.9% w-o-w) was the most active warrant as investors net bought 5.9mil units out of 121.7mil units traded, followed by put warrant HSI-HGR (+27.3% w-o-w) which recorded a total trading volume of 116.6 mil units. Investors trading these warrants should trade with caution as they are expiring on Thursday (29 July). All warrants listed on Bursa will have a last trading day, which is the last day that investors can buy or sell the warrants before they expire. The last trading day falls two days before the warrants’ expiry date – in this instance, HSI-CFR and HSI-HGR’s last trading day is on Tuesday (27 July). 

Meanwhile, TENCENT-C11 was top traded among warrants over the Hong Kong shares, recording a trading volume of 10mil units. The warrant fell 33.3% w-o-w as its mother share Tencent Holdings (700 HK) fell 5.9% w-o-w. 

On the local front, call warrant over JAKS Resources (JAKS), JAKS-CD was in the spotlight as investors traded 116.6mil units, placing it third on the top warrants list. Its mother share reversed the previous week’s lacklustre performance, rallying to trade above the RM0.500 mark and closing at RM0.520 (-1.0%) last Friday, 8.3% higher w-o-w. Other popular warrants include warrants over Dagang NeXchange (DNEX) namely DNEX-CF and DNEX-CG with both registering trading volumes of 91.0mil units and 65.2mil units, respectively. Similarly, DNEX rose 4.0% w-o-w, closing at RM0.770 (-0.7%) on Friday. 

Top warrants by volume traded: 

Warrant nameVolume
IssuerExercise level/priceExpiry date
HSI-CFR121.7Macquarie27,60029 Jul 2021
HSI-HGR116.6Macquarie26,80029 Jul 2021
JAKS-CD94.0Kenanga0.88028 Mar 2022
DNEX-CF91.0Kenanga0.90030 May 2022
DNEX-CG65.2Kenanga1.2030 May 2022

If you have any questions or need further assistance, please do not hesitate to contact us via our hotline at 03-2059 8840 or email us at [email protected]

To view the full list of structured warrants available on Bursa Malaysia, kindly visit

Provided for Malaysian residents information only. This commentary has not been reviewed by the Securities Commission Malaysia. It is not an offer or recommendation to trade and is not research material. Past performance is not indicative of future performance. You should make your own assessment and seek professional advice. The Warrants will not be offered to any US persons.


Share on facebook
Share on twitter
Share on linkedin
Share on telegram

More Posts

technical focus

Technical Focus – HARBOUR

An integrated logistics services provider, shipping and engages in construction works, heavy lifting and haulage as well as property development with established footprint extends across the Intra-Asia region. Capitalising on the increasing charter and freight rates that was stemmed by the global supply chain disruption following the shortage of vessels, coupled with the improving trade activities. Current price at RM1.01 is trading at a discount to its book value per share of RM1.12 which was recorded in 3QFY21. Technically, traders may anticipate for a short-term breakout above RM1.01, to target next resistances at RM1.06-1.13 with long term target set at RM1.20.

market pulse

Cautious undertone prevails

The FBM KLCI drifted lower earlier Wednesday but rebounded to close flat on lastminute
buying amid cautious market sentiment. Nevertheless, we believe bargain
hunting activities should emerge with the return of foreign participation in our local
stock markets on the back of our reopening of economic activities following
several relaxations of SOPs under our National Recovery Plan; month-to-date
foreigners have registered an inflow of RM904.6m. Commodities wise, the crude
oil price hovered above USD75 per barrel, CPO price surged, while the gold price

technical focus

Technical Focus – MMSV

Involved in the design and manufacture of LED and semiconductor industrial automation systems and machinery as well as software development. Tapping onto the recovery in smartphone sales that fell sharply in 2020 as demand will be driven by the evolution into 5G mobile devices, while sales towards the automotive sector will pick up from the low base effect last year. Riding onto the surge in global demand for semiconductor test equipment across other sectors such as automotive, industrial automation and general lighting. Technically, traders may anticipate for a breakout above RM1.10, to target next resistances at RM1.16-1.26 with long term target set at RM1.43.

Kelington Group Bhd – 15Sep21

We gather that this would be KGB’s single largest project win to-date. The move subsequently boosted KGB orderbook replenishment year-to-date to another record high at approximately RM764.0m (inclusive of smaller scale projects). This also exceeded our orderbook replenishment target of RM450.0m for FY21f. We expect the momentum to continue with another RM50-100m worth of projects coming into the picture for KGB to wrap up the record year, premised to the strong global semiconductor sales.