SG Warrant Workshops - Phillip Capital Biannual Roadshow
2008-09-25

   Date :     18 - 19 October, 2008

    Time :    3.05pm (Saturday) and 2.10pm (Sunday)

    Venue :  Raffles City Tower, Level 6

    Speaker : Ooi Lid Seng

                       (Vice President, Equity Derivatives Asia ex-Japan)

 

                          Click here for details

 
  UOB Call UOB SGAeCW081215
2008-10-13

Asian markets plunged on Friday as the Dow Jones Industrial Index and NASDAQ fell by more than 7% percent on Thursday. Heavy selling in the equity markets continued even after a string of rescue actions taken by the US Federal Reserve and central banks around the world.  As the market risk has increased tremendously especially in the financial sector, UOB share dropped $1.14 to close at $14.80 on Friday. The share is trading at a prospective PER of 10.4x FY2008 earnings.

 

The short term technical outlook for UOB is negative as the share has breached below its previous 52-week low at $15.38. If it can’t recover the loss in the short term, the share may test its nearest support at around $14.70.

 

If investors hold positive view on UOB, they may consider its call warrant

UOB SGAeCW081215 (F8JW). Maturity date 15 December, 2008; strike price $18.50 and effective gearing 8.2x; implied volatility approximately 60%.

 

Code Warrant NameType Strike Maturity
Date		Warrant
Price		Eff.
Gearing		Imp.
Volatility
F8JW  UOB SGAeCW081215 Call  SGD 18.50 15 Dec 2008 SGD 0.090 8.2x  60.0% 

 

Source: SG Securities, Reuters, and Bloomberg L.P. (10/10/08, 5:30 p.m.)
  SG HSI warrants for your quick reference
2008-10-13

Code Warrant NameType Strike Maturity
Date		Warrant
Price		Eff.
Gearing		Imp.
Volatility
GN5W  HSI21200 SGAeCW090226 Call  21,200  26 Feb 2009 SGD 0.150 4.4x  73.0% 
GS2W  HSI16600 SGAePW090226 Put  16,600  26 Feb 2009 SGD 0.630 2.3x  66.0% 

 

Source: SG Securities, Reuters, and Bloomberg L.P. (10/10/08, 5:30 p.m.) 

 
  SG STI warrants for your quick reference
2008-10-13

Code Warrant NameType Strike Maturity
Date		Warrant
Price		Eff.
Gearing		Imp.
Volatility
GN9W  STI2600 SGAeCW090129 Call  2,600  29 Jan 2009 SGD 0.080 8.2x  48.0% 
GN8W  STI2500 SGAePW090129 Put  2,500  29 Jan 2009 SGD 1.170 2.7x  44.5% 

Source: SG Securities, Reuters, and Bloomberg L.P. (10/10/08, 5:30 p.m.) 

If a recommendation is made with respect to any warrant, please note that (1) the recommendation is intended for general circulation; (2) the recommendation does not take into account the specific investment objectives, financial situation or particular needs of any particular person; and (3) advice should be sought from a financial adviser regarding the suitability of the warrant, taking into account the specific investment objectives, financial situation or particular needs of any person in receipt of the recommendation before the person makes a commitment to purchase the warrant.

The prices of warrants may rise or fall and the warrants may expire worthless, resulting in a total loss of investment. An investor should make his own independent appraisal of the risks and consult to the extent necessary his own legal, financial, tax, accounting and other professional advisors prior to any subscription or acquisition.

Société Générale, Singapore Branch and its associated and connected persons, their directors, officers and/or employees, including persons involved in the preparation or issuance of this material, may have positions or other interests in, and may as principal or agent effect transactions in the warrants mentioned herein and may also perform or seek to perform broking, investment banking and other banking or financial services for the issuer of any warrants.