Maybank IB issues 4 new call warrants

PETALING JAYA: Maybank Investment Bank Bhd (Maybank IB) has issued four new European style cash-settled call warrants (CW) over ordinary shares of CB Industrial Product Holding Bhd (CBIP), Matrix Concepts Holdings Bhd, TDM Bhd and Zhulian Corporation Bhd.
The warrants was listed yesterday with an issue size of 100 million each.
It said that the tranche provides new trading ideas focusing on companies which have just met the Bursa Malaysia Listing Requirements.
"Companies such as CBIP, Matrix, TDM and Zhulian have seen increase in trading activity over the past few months amidst market volatility.
Also, there is only one warrant each over CBIP, MATRIX and TDM respectively to its underlying company," it said.
It added that the warrants offer fresh opportunities for sophisticated investors to gain exposure to the companies through alternative structured warrants by Maybank IB.
The call warrants gearings are CBIP-CB (5.28x), Matrix-CB (4.27x), TDM-CB (3.13x) and Zhulian-CF (3.11x). The tenure of all four CWs is approximately 12 months.