Maybank IB issues eight call warrants

Kuala Lumpur: Maybank Investment Bank Bhd (Maybank IB) has issued eight new European style cash-settled call warrants over ordinary shares of Dialog Group Bhd, Gamuda Bhd, IJM Corporation Bhd, Malaysian Resources Corporation Bhd (MRCB), Mega First Corporation Bhd, Sunway Bhd, UEM Sunrise Bhd and YTL Corporation Bhd with an issue size of RM100 million each.

The call warrants, each with an 11-month tenure, were listed Friday, it said in a statement.

Maybank IB said the resumption of works to develop the East Coast Rail Link (ECRL) is expected to be positive for the construction sector.

“With about 40 per cent of the project expected to be awarded to Malaysian contractors, the revised structure of the ECRL implies RM17.6 billion of works to be available, compared to RM10 billion under the previous structure.

SPONSORED CONTENT

Electrifying windows of opportunity in Sabah - The right policies, collaborations, and strategies can turn emerging opportunities into victories for all parties in Sabah.

CHIEF Minister Datuk Seri Panglima Hajiji Noor’s 2021 Hala Tuju Sabah Maju Jaya Plan and the Sabah Economic Development and Investment Authority (SEDIA) have laid out a road map to an exciting future for all Sabahans, with a target of increasing Sabah’s income levels and GDP per capita from about RM 23,000 to about RM 40,000 by 2030.

“This represents considerable order book replenishment opportunities for the sector with experienced contractors in rail development emerging as the potential main beneficiaries,” it said.

Additionally, the further progress of the Klang Valley MRT 2 (KVMRT 2) project is expected to stimulate a broad-based demand recovery in second half 2019 for the building materials sector over the projects’ construction period.

Stay up-to-date by following Daily Express’s Telegram channel.

Daily Express Malaysia

“Amid this market backdrop, there may be pockets of opportunities for investors to trade on newsflow and thematics,” Maybank IB added.

Besides construction, the tranche of call warrants also includes underlying companies in the oil and gas, property and industrial sectors. – Bernama

Try 1 month for RM 18.00

Try 1 month for RM 18.00

Try 1 month for RM 18.00