Kenanga’s first ‘put’ warrant

KUALA LUMPUR: Kenanga Investment Bank Bhd is issuing 12 structured warrants including the only single-stock put warrant on the market. The Datasonic warrant is Kenanga’s maiden put warrant offering investors the platform to benefit from a falling market, as opposed to short-selling shares and its related costs.

Put warrants give holders the right (but not the obligation) to sell a given quantity of the underlying asset at a specified price, before the expiry date.