Bangkok--29 Mar--Siam Commercial Bank
SCB Securities (SCBS) has introduced 19 new derivative warrants (DWs) based on underlying stocks with high trading liquidity in various industries, reflecting the efficiency of the DW market making system developed by the company. To date the company has issued DWs covering up to 90% of underlying stocks permitted by the Stock Exchange of Thailand, providing investors with alternative investment choices in various industries
With tenors of 1 year, BBL23C1803A, BCH23C1803A, CHG23C1803A, DELT23C1803A, EGCO23C1803A, GLOB23C1803A, KTB23C1803A, PSH23C1803A, SCC23C1803A, SIRI23C1803A, SPAL23C1803A, SPCG23C1803A, SUPE23C1803A, TKN23C1803A, TOP23C1803A, and TVO23C1803A, will be offered for sale in the form of call warrants and KTB23P1803A, SCC23P1803A, and TOP23P1803A in the form of put warrants.
The new DWs are very attractive because their gearing ratio is as high as 3 to 5 times, so they are suitable for investors looking for sound returns. Since the time decay is low, investors can make long-term investments. Tenors issued in this lot being as long as 1 year make them suitable for investment by short, medium, and long-term investors. The new DWS will begin trading on the SET on March 30, 2017.
Currently SCBS has issued 99 call warrants and 18 put warrants better catering to the various needs of investors. The DWs also have lower risks than those issued by other companies because SCBS has an internationally-recognized Fitch Rating credit rating of AA- (tha) with "Stable" outlook and a local short-term rating of F1+ (tha). Investors can be confident in the financial instruments issued by SCBS with its reliable credit ratings and the strategic competence of its parent firm Siam Commercial Bank, as demonstrated by its excellent retail banking management and continued sound performance results.
The call and put warrants, carefully selected based on underlying stocks with strong fundamentals, include derivative warrants for the following companies:
Call Warrants
1. Bangkok Bank PCL (BBL23C1803A)
2. Bangkok Chain Hospital PCL (BCH23C1803A)
3. Chularat Hospital PCL (CHG23C1803A)
4. Delta Electronics (Thailand) PCL (DELT23C1803A)
5. Electricity Generating PCL (EGCO23C1803A)
6. Siam Global House PCL (GLOB23C1803A)
7. Krungthai Bank PCL (KTB23C1803A)
8. Prukasa Holding PCL (PSH23C1803A)
9. Siam Cement PCL (SCC23C1803A)
10. Sansiri PCL (SIRI23C1803A)
11. Siam Wellness Group PCL (SPAL23C1803A)
12. SPCG PCL (SPCG23C1803A)
13. Superblock PCL (SUPE23C1803A)
14. Tao Kae Noi Food and Marketing PCL (TKN23C1803A)
15. Thaioil PCL (TOP23C1803A)
16. Thai Vegetable Oil PCL (TVO23C1803A)
Put Warrants
1. Krungthai Bank PCL (KTB23P1803A)
2. Siam Cement PCL (SCC23P1803A)
3. Thaioil PCL (TOP23P1803A)
DW Type Underlying Stock Exercise Price Exercise Ratio Last Trading Day
(DW:Underlying Stock)
BBL23C1803A Call BBL 240.00 24.70 30 March 2017
BCH23C1803A Call BCH 19.00 5.50
CHG23C1803A Call CHG 3.50 1.20
DELT23C1803A Call DELTA 115.00 15.40
EGCO23C1803A Call EGCO 270.00 50.00
GLOB23C1803A Call GLOBAL 23.00 6.00
KTB23C1803A Call KTB 27.00 5.20
PSH23C1803A Call PSH 31.00 7.00
SCC23C1803A Call SCC 700.00 103.00
SIRI23C1803A Call SIRI 2.70 0.56
SPAL23C1803A Call SPALI 35.00 12.70
SPCG23C1803A Call SPCG 30.00 5.60
SUPE23C1803A Call SUPER 2.00 0.60
TKN23C1803A Call TKN 40.00 15.50
TOP23C1803A Call TOP 100.00 14.60
TVO23C1803A Call TVO 47.00 16.70
KTB23P1803A Put KTB 14.00 2.00
SCC23P1803A Put SCC 370.00 40.00
TOP23P1803A Put TOP 50.00 5.30
In addition, SCBS will provide investors with a "Price Guideline" investment assistance tool featuring a table of buyback offers by market makers. With this tool, investors will be in a position to evaluate DW prices properly when comparing prices of underlying stocks and remaining tenors. Calculation is made using the Black-Scholes model under the assumptions established by market makers. DW prices will be guaranteed based on the buyback offer table under conditions set by market makers. Investors can study conditions and learn how to use the tool at www.scbs.com/DW.
Interested investors can seek additional information by calling the SCBS Call Center at 02-949-1999, or by studying additional details on the 19 DWs at www.scbsonline.com or www.scbs.com/DW.