KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB) is issuing 16 new European-style cash-settled call and put warrants over ordinary shares, with an issue size of 100 million each.
In a statement on Thursday, Maybank IB said the structured warrants, which will be listed on Thursday, were issued to AirAsia Bhd, Datasonic Group Bhd
, UEM Edgenta Bhd, Hartalega Holdings Bhd, Inari Amertron Bhd, Karex Bhd, Kossan Rubber Industries Bhd, Supermax Corporation Bhd, Top Glove Corporation Bhd, Unisem (M) Bhd and V.S. Industry Bhd.
"This tranche features call warrants over counters that could potentially benefit from the weakening of the ringgit.
"The current exchange rate may boost export driven sectors such as manufacturers of rubber, gloves and semi-conductor due to potential foreign exchange gains and better price competitiveness," Maybank IB said in a statement.
It also said companies with foreign currency-denominated revenue and ringgit-denominated expenses would record higher profit margin from the forex translation gains.
According to Maybank IB, this tranche offered an opportunity to sophisticated investors, wishing to participate in any potential upside from a range of sectors in the event of declining ringgit. - Bernama
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