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SCB Securities issues 19 derivative warrants

Mar 29. 2017
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By The Nation

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SCB Securities (SCBS) has introduced 19 derivative warrants (DWs) based on underlying stocks with high trading liquidity in various industries.

The company says the move reflects the efficiency of the DW market-making system developed by the company.

To date, the company has issued DWs covering up to 90 per cent of underlying stocks permitted by the Stock Exchange of Thailand, providing investors with alternative investment choices in various industries

With tenors of one 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.

SCBS said the new DWs are attractive because their gearing ratio is as high as three to five times, “so they are suitable for investors looking for sound returns”. 

Since the time decay is low, investors can make long-term investments, the company said.

“Tenors issued in this lot being as long as one year make them suitable for investment by short, medium and long-term investors,” SCBS said.

The new DWs will begin trading on the SET on Thursday.

SCBS has issued 99 call warrants and 18 put warrants catering to the various needs of investors. 

The company says the DWs 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 company said.

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