Warrants Highlight
Comments on "Ears" and "Arms" Slow Sell-down
Code | Name | Type | Expiry | Exercise Price |
P8BW | STI 3000MBeCW120629 | Call | 29-Jun-12 | 3000 |
P8CW | STI 2900MBePW120629 | Put | 29-Jun-12 | 2900 |
PA7W | STI 3100MBeCW130131 | Long Dated Call | 31-Jan-13 | 3100 |
PA8W | STI 2800MBePW130131 | Long Dated Put | 31-Jan-13 | 2800 |
P9LW | HSI20200MBeCW120628 | Call | 28-Jun-12 | 20200 |
P9NW | HSI19800MBePW120628 | Put | 28-Jun-12 | 19800 |
PA9W | HSI21000MBeCW130130 | Long Dated Call | 30-Jan-13 | 21000 |
PB0W | HSI18000MBePW130130 | Long Dated Put | 30-Jan-13 | 18000 |
QC8W | CN8400MBeCW120628 | Call | 28-Jun-12 | 8400 |
QC9W | CN8800MBeCW120628 | Call | 28-Jun-12 | 8800 |
QD2W | CN8200MBePW120628 | Put | 28-Jun-12 | 8200 |
QD3W | CN8600MBePW120628 | Put | 28-Jun-12 | 8600 |
QD0W | CN9000MBeCW130130 | Call | 30-Jan-13 | 9000 |
QD1W | CN8000MBePW130130 | Put | 30-Jan-13 | 8000 |
Receiving Hollande with “open arms” – Markel
Yesterday, European markets rose the most in more than a week as German Chancellor Angela Merkel said she will receive French president-elect Hollande with “open arms” as they work together to tackle the debt crisis. Hollande’s platform calls for policies Merkel opposes, including increased spending and a delayed deficit-reduction effort.
Yesterday, while European indices such as the Stoxx Europe 600 Index reversed early losses to climb back up 0.7% while benchmark stock indexes in Italy and Spain led gains, rallying more than 2.5 percent each. Asian markets had been battered yesterday, with both Singapore and Hong Kong finishing down more than 2%. China was down 0.5% on the performance of the FTSE China A50 Index.
“Liquidity coming out of ears” – Buffett
Over the weekend, Warren Buffett at his firm Berkshire Hathaway’s annual meeting gave markets his seal of approval with his comments that he “would put European banks and American banks in two very different categories. The American banking system is in fine shape. The European system was gasping for air a few months back,” He had also added that U.S. lenders have “liquidity coming out of their ears.”
Taking a view on the overall market via index warrants
Investors who wish to take a view on the various Asian indices without the need to stock pick may consider trading STI warrants – over the Singapore market; HSI warrants – over the Hong Kong market or China A50 warrants – over the China market.
Investors anticipating a run-up on the indices can buy call warrants while bearish investors can consider put warrants.
Singapore Market Wrap
Huge Sell-Off Yesterday
European election results rocked Asian equity markets yesterday, with the STI tumbling 2.2% day-on-day (dod) to 2,925.0. Both the HSI (-2.6% dod, 20,536.7) and FTSE China A50 (-0.5% dod, 8,474.1) closed in the red.
Investors were jittery after the French and Greek elections, with Francois Hollande ousting his rival Nicolas Sarkozy in France. Hollande is pro-spending and delayed deficit reduction. Over in Greece, voters supported political parties which are against bailout measures, raising concerns among investors about the country's ability to impose austerity measures.
Exposure to China via A50 warrants
For the first time in Singapore, investors can now gain a leveraged exposure to the Chinese stock market via Macquarie's FTSE China A50 index warrants. These warrants started trading yesterday.
Call CN8800MBeCW120628 (QC9W) exercise level 8,800.*
Put CN8200MBePW120628 (QD2W) exercise level 8,200.*
Call CN9000MBeCW130130 (QD0W) exercise level 9,000.*
Put CN8000MBePW130130 (QD1W) exercise level 8,000.*
UOB and CapitaLand went ex-div
UOB went ex-div for $0.40 yesterday, but the stock fell twice that amount and tumbled 4.2% dod to close at $18.20. CapitaLand went ex-normal and special div for a total of $0.08. Similar to UOB, the stock fell twice that amount and tumbled 5.4% dod to close at $2.78. The exercise prices and warrants per share of Macquarie's CapitaLand warrants have been adjusted to account for the special ex-div.
Call UOB MB eCW120702 (P0XW) exercise price $17.80.*
Call UOB MB eCW120704 (P5BW) exercise price $19.80.*
Call CapitalaMBeCW120904 (QC5W) exercise price $2.979.*
Put CapitalaMBePW121004 (P5OW) exercise price $2.979.*
Long dated CapitalaMBeCW130603 (L0SW) exercise price $4.270.*
Overnight Market Wrap
Flat Close in U.S
The S&P 500 was flat at 1,369.6 last night and the STOXX Europe 600 rebounded 0.7% to 254.8 as investors got over the shock of the French and Greek elections. U.S financial stocks led the S&P 500 after Warren Buffettt said American lenders are in "fine shape".
Early this morning, U.S futures continued to trade upwards, with the Euro continuing its rebound above $1.30 levels and the Aussie dollar holding above $1.02.
Overnight Markets
Indices | Last | Change |
---|---|---|
STI | 2924.95 | -2.2% |
HSI | 20536.65 | -2.6% |
DJIA | 13008.53 | -0.2% |
S&P 500 | 1369.58 | 0.0% |
Nasdaq | 2957.76 | 0.1% |
Corporate News
Corporate Announcement
Results Announcement
Tue 8 May: Cosco 1Q12
Wed 9 May: UOB 1Q12, SembMarine 1Q12, Ezion 1Q12
Thu 10 May: Wilmar 1Q12, SingTel 4Q12, Genting Singapore 1Q12, Noble Group 1Q12
Fri 11 May: OCBC 1Q12, Golden Agri 1Q12
Mon 14 May: STX OSV 1Q12
Tue 15 May: Olam 3Q12
Ex-Dividend Date
Mon 7 May: UOB ($0.40), CapitaLand ($0.08)
Wed 9 May: DBS ($0.28), Genting ($0.01)
Thu 17 May: Yangzijiang ($0.055)
Created by kimeng | Dec 29, 2022
Created by kimeng | Dec 29, 2022