12  August 2014
Maybank Investment Bank Issues 6 New Call Warrants

Kuala Lumpur, 12 August 2014 – Maybank Investment Bank Berhad (“Maybank Investment Bank”) is issuing six new European style cash-settled call warrants (“CW”) over ordinary shares of DRBHICOM Berhad (“DRBHCOM”), Genting Berhad (“GENTING”), Genting Malaysia Berhad (“GENM”), Genting Plantations Berhad (“GENP”), MBM Resources Berhad (“MBMR”) and Tan Chong Motor Holdings Berhad (“TCHONG”). The warrants will be listed on Tuesday, 12 August 2014 with an issue size of 100 million each.

This tranche focuses on the automotive sector. Total vehicle sales for 1H2014 has outperformed the total vehicle sales for 1H2013. With June marking the start of the Raya season and the aggressive Raya promotions offered by automotive players, 2Q2014 results to be released in August may surprise on the upside. The Malaysian Automotive Association has also revised its original total industry volume of 670,000 to 680,000 on the back of strong 1H2014 performance, and other economic and environmental factors. As such, this tranche offers sophisticated investors with a bullish view of the automotive sector to gain exposure to the sector.

The call warrants have the following gearings, DRBHCOM-C8 (4.89x), GENTING-C18 (11.22x), GENM-C8 (9.56x), GENP-CF (7.60x), MBMR-CG (6.56x) and TCHONG-CR (4.50x). The tenure of all six CWs is approximately 7 months.

The terms and conditions of the above call warrants are stated in their respective term sheets and investors should read the term sheets together with the Base Prospectus dated 2 October 2013, the First Supplementary Base Prospectus dated 15 January 2014 and the Second Supplementary Base Prospectus dated 29 April 2014.

  • Maybank Investment Bank Berhad (15938-H). All Rights Reserved. A Participating Organisation of Bursa Malaysia Securities Berhad. | Terms & Conditions | Privacy Notice
Note

You are about to be redirected away from this site.

ProceedCancel