Follow Us For The Latest Updates

Follow Us For The Latest Updates

Warrants over HSI, Ekovest and Datasonic most active

Warrants Commentary (9 December to 13 December)

The overall warrants turnover for the second week of December rose a slight 0.5% week-on-week (w-o-w) to RM248.5mil, lifted by active trading in warrants over Malaysian counters. Trading in warrants over the Hang Seng Index (HSI) was slower, contributing 69% of turnover, while warrants over Malaysian counters contributed more than 30%.

Early last week, the HSI futures inched up 0.1% on Monday (9 Dec) before falling 0.4% to close at 26,416 points on Tuesday. Disappointing China export data, which fell 1.1% year-on-year (y-o-y), and investors’ worry on the trade deal decision mainly contributed to the the Hong Kong stock market’s decline.

The futures however rebounded from Wednesday, surging a total 4.8% for over three days, pushing the futures to surpass the 27,000 level and closing at 27,704 points last Friday, up 2.6%. The strong rally was on the back of reports that US and China reached an agreement on a “phase one” trade deal in principle. The US Chamber of Commerce, Myron Brilliant, stated that as part of the agreement, the US would postpone tariffs on around USD160bil of Chinese goods and make cuts in duties already in place (South China Morning Post, 13 Dec).

The put warrant HSI-H8F was investors’ favorite warrant last week with investors trading a total 236.3mil units; investors collected 31.3mil units of this warrant which skidded 80.0% w-o-w. The call warrant HSI-C7K was also popular with its volume traded recording at 200.8mil units.  Investors took profit on HSI-C7K as they net sold 15.9mil units of the warrant which rose 68.5%.

Locally, Ekovest had a strong rally last Friday, soaring 11.7% to close at RM0.905, extending its 2-day winning streak. Ekovest, together with Iskandar Waterfront City (IWC), were the top active counters on Bursa following news on the latest development on the Bandar Malaysia project. It was reported that IWH CREC, a joint-venture between IWC and China Railway, will hold a signing ceremony for the Bandar Malaysia Development this week (Malay Mail, 13 Dec). The huge jump in Ekovest attracted investors to trade more than 37mil units of EKOVEST-C3 (35.7% higher w-o-w) in a single day, landing it in the top five most active warrants over Malaysian counters last week. Other active warrants include  DSONIC-C11, FGV-C85, ECOWLD-CV and MYEG-C85.

Top warrants by volume traded:

Warrant name Volume
Issuer Exercise level/price Expiry date
HSI- H8F 236.3 Macquarie 26,400 30 Dec 2019
HSI-C7K 200.8 Macquarie 28,000 27 Feb 2020
HSI-C7F 84.3 Macquarie 27,400 30 Dec 2019
HSI-C7J 55.9 Macquarie 30,000 27 Feb 2020
DSONIC-C11 53.4 Maybank 1.00 30 Jul 2020

If you have any questions or need further assistance, please do not hesitate to contact us at [email protected].

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

Provided for Malaysian residents information only. 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.


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

More Posts

market pulse

Still within consolidation mode

The FBM KLCI settled in red in tandem with the regional peers as selling pressure in the glove stocks returned, offsetting the gains on the banking heavyweights following the unchanged Overnight Policy Rate (OPR) by Bank Negara Malaysia. Tracking the losses on Wall Street overnight, we expect the local bourse may continue to consolidate further as market players are likely to trade on a cautious tone on the broader market. Nevertheless, we expect traders to position themselves for the recovery theme as Covid-19 vaccination is taking place. Meanwhile, the Brent oil price has surged firmly above USD65.

market pulse

Bank Negara’s OPR in focus

Bargain hunting activities emerged on the glove counters after more than one week of pullback, lifting the FBM KLCI and the healthcare sector higher. Market will be looking forward to the second Monetary Policy Committee meeting today to gauge market movements. However, economists anticipate an unchanged stance on the Overnight Policy Rate (OPR) amid expectation of an economic recovery. We believe the lower liners will continue to remain upbeat if the positive market sentiment persists. Meanwhile, the Brent oil price has seen a rebound.

market pulse

Streched valuations

Bucking the downturn across the regional markets, the FBM KLCI ended modestly higher as continued selling in glove heavyweights were offset by buying support in IHH and selected banking heavyweights. We believe the local bourse should trade in an upward bias tone following the change of MCO status for Selangor, Johor, Penang and KL. Meanwhile, the number of Covid-19 confirmed cases daily has dropped to year-to-date low. However, note that the negative sentiment on Wall Street overnight could cap the upside potential on the local front.

technical focus

Technical Focus – LHI

One of the largest fully integrated producers of poultry, eggs and livestock feed in Southeast Asia with strong presence in Malaysia, Indonesia, Vietnam and Singapore. Committed to expand the Malaysia, Philippines and Vietnam operations via additional capacities and infrastructures, whilst targets 160 Baker’s Cottage outlets by end-FY21 (from 103 outlets since end-FY20). Sequential earnings recovery is on the table, premised to the stabilising poultry prices in Malaysia as well as Indonesia in recent months. Technically, the flag-formation breakout above RM0.71 may lead price towards the immediate resistances at RM0.775-0.82, with long term target at RM0.885.