KUALA LUMPUR: Maybank Investment Bank Bhd (Maybank IB)is issuing six new European style cash-settled call warrants. The issues are over ordinary shares of Datasonic Group Bhd, Inari Amertron Bhd, Karex Bhd, Puncak Niaga Holdings Bhd, 7-Eleven Malaysia Holdings Bhd and Unisem (M) Bhd, Maybank IB said in a statement.
The warrants will be listed tomorrow with a tenure of about 12 months each and an issue size of 100 million each.
Maybank IB said the call warrants are over manufacturing and consumer-based industries.
“The manufacturing industry which is generally export driven stands to benefit from the weak ringgit due to foreign exchange gains and more competitively priced products.
“Sophisticated investors who wish to capitalise on the weak ringgit and an improvement in global demand or earnings catalyst for DSonic, may buy the call warrants to benefit from any potential upside,” it added. – Bernama