Thứ sáu 06/12/2019 10:48 24h qua English
Hotline: 094 540 6866

Covered warrants expected to attract many investors

22:41 | 09/06/2019

Covered warrants, which will be traded on the Ho Chi Minh Stock Exchange (HOSE) from this month, are expected to attract a large number of investors since they have lower investment costs and can be leveraged more than conventional financial products, heard a recent seminar in HCM City.


Experts answer questions on covered warrants at a seminar organised by SSI in HCM City on June 6. (Photo: VNA)

Covered warrants are similar to derivatives. Investors have the right to resell the warrants on the market or hold them until maturity date, and they are always associated with underlying stocks.

Speaking at the seminar on Covered Warrants – Anticipating New Opportunity, Nguyen Duc Thong, securities derivative transaction director at the SSI Securities Corporation, said covered warrants are a popular stock on many developed markets.

Markets that have developed covered warrants such as Taiwan, Thailand, Hong Kong, and the Republic of Korea and Vietnam's securities market have many similarities, including having high rate of individual investors, short-term trading accounting for a majority and large demand for using leverage.

Bringing such premium-structured products to Vietnam was a correct and necessary step, he said.

Covered warrants would help diversify asset classes and help hedge risks in the context of market volatility, he said.

To issue them, securities companies must meet certain financial norms and obtain a permit from the State Securities Commission of Vietnam, delegates said, adding that fewer than 12 securities companies are qualified to issue them.

SSI, the largest brokerage in the country, would issue six CW codes based on four underlying shares of FPT Corporation (FPT), Mobile World Investment Corporation (MWG), Military Commercial Joint Stock Bank (MBB), and Hoa Phat Group Joint Stock Company (HPG), Thong said.

The company had instructed its brokers to provide investors with proper consultation before they trade the new product, he added.

VNA

Theo

Cùng chuyên mục
Xem thêm
  • oriental garden collection to open in hoi an

    Yaly Couture brand owner Trịnh Diễm Quỳnh and the South African designer Casper Bosman will present a fashion show, the Oriental Garden Collection, in the ancient town of Hội An on Saturday.

    19:07 | 30/11/2019
  • third vietbuild 2019 international exhibition in hanoi

    (Construction) - On the morning of November 27, Vietbuild Hanoi International Exhibition 2019 with the theme "Real estate, interior and exterior decoration, architecture and construction materials" officially opened at the National Exhibition Construction Center (NECC).

    17:46 | 28/11/2019
  • revised construction law project

    (Construction) - On November 27, explaining the opinions on the revised construction law project, Minister of Construction Pham Hong Ha said that it would adjust and supplement the Law project on the basis of acquisition. At the same time, the Minister proposed the Government and the National Assembly to supplement some contents in the revised law.

    17:44 | 28/11/2019
  • second vietnam real estate forum in 2019

    (Construction) - On November 27 in Hanoi, the Vietnam Real Estate Association (VNREA) in collaboration with VITV financial and economic television channel organized the 2nd Vietnam Real Estate Forum 2019.

    17:42 | 28/11/2019
  • deputy minister nguyen dinh toan inspects clean water plants in hanoi

    (Construction) - On November 26, following the direction of the Prime Minister and the inspection plan of the Ministry of Construction, Deputy Minister Nguyen Dinh Toan led an interdisciplinary mission to work with the City People's Committee and carry out checking the operation situation of some clean water plants in Hanoi.

    17:41 | 28/11/2019
  • deputy minister le quang hung receives cuban ambassador in vietnam

    (Construction) - On November 27, 2019, at the headquarter of the Ministry of Construction, Deputy Minister Le Quang Hung had a meeting with the Extraordinary and Plenipotentiary Ambassador of Cuba in Vietnam Lianys Torres Rivera on cooperation issues in the field of construction between Vietnam and Cuba.

    17:38 | 28/11/2019
  • hoa nhap online magazine launching new interface and english version

    (Construction) - On November 25, in Hanoi, Hoa Nhap Online Magazine solemnly organized the launch of a new interface and English version.

    22:13 | 26/11/2019
  • na permits govt to choose investor long thanh intl airport

    HCM CITY - The Government has the right to choose an investor for the Long Thành International Airport project in the southern province of Đồng Nai, according to the National Assembly (NA) Standing Committee.

    14:28 | 26/11/2019
  • promoting role of architectural criticism in social life

    (Construction) - On November 23, in Hoa Binh City, Hoa Binh Province, the Vietnam Association of Architects (VAA) organized the 7th Central Executive Committee Meeting for term 2015-2020 term.

    19:14 | 24/11/2019
  • ministry inspects apartment building management

    HCM CITY - The Ministry of Construction will organise an inspection on the use and management of maintenance funds at residential buildings in HCM City and Hà Nội beginning next year. 

    16:23 | 24/11/2019
...

Tin bài cuối cùng

Không còn dữ liệu để load