Malaysia’s Kenanga Investment Bank has issued eight new European-style cash-settled call warrants on the ordinary shares of Berjaya Auto Berhad, Malaysia Building Society Berhad, Press Metal Berhad, QL Resources, RHB Capital, Sunway Berhad, Tenaga Nasional and Yinson Holdings.

The call warrants will be listed on the structured warrants board of Bursa Malaysia Securities with tenures of approximately ten months and issue size of up to 100m units each. The new call warrants are priced at 15 sen ($4.50) each with effective gearing ranging from 2.38 to 4.16 times.

“Taking into consideration the recent sell-down in the market, we believe that now is a good time for investors to consider structured warrants as an alternative investment,” said Lee Kok Khee, executive director and head of equity broking at Kenanga Investment Bank.

Kok Khee also said that besides the recent listing Kenanga’s equity derivatives and structured products division will offer a “broad range of favourite sectors for 2014”.

KenWRAP
The launch follows Kenanga’s introduction of its wealth management suite of products and services based on an open architecture approach. KenWRAP is an online wealth management tool that assesses a person’s current financial and risk profile and provides a recommended financial plan tailored specifically to each investment profile.

“Being completely client-centric by providing meaningful choices is at the core of our strategy,” said William Lee, head of WRAP Wealth Management at Kenanga Investment Bank. “Gone are the days where investors need to meet with five different consultants to purchase five different products. We provide a seamless experience not just across diverse products but also across different providers.”

Kenanga Wealth Management has partnered with over 20 other investment providers to bring to market over 350 types of investment solutions including structured products all under one roof via wrappers such as unit trust, share trading, private retirement schemes, insurance as well as wills and trusts.

Related stories:
Macquarie debuts structured warrants in Malaysia
CIMB, RHB and MBSB merger results in Islamic mega-bank
Citi’s Sandeela: There is growing demand for Shariah-compliant products
SocGen to launch Islamic MTN programme in Malaysia
Malaysian watchdog includes SPs in literacy campaign
Malaysian providers struggle to respond to demand for single-share underlyings