Financials Dominate 10 Most Active Structured Warrants in MTD
OREANDA-NEWS. The 10 most active Structured Warrants in the September month-to-date have been based on the share prices of Singapore’s three listed banks – DBS Group Holdings (DBS), United Overseas Bank (UOB), Oversea-Chinese Banking Corporation (OCBC) – and Singapore Exchange Ltd (SGX). These 10 most active Structured Warrants comprise eight Call Warrants and two Put Warrants on the four stocks. The strike prices of these warrants range from being very close to current prices – at the money – to about a 6% difference.
These four stocks are classified by the Global Industry Classification Standard (GICS®) under the Financials sector, and comprise more than a third of the weight of the benchmark Straits Times Index (STI). In the September month-to-date, the four averaged a 1.8% gain, with performances ranging from a 5.4% advance for UOB to a 0.4% decline for SGX.
In terms of Return on Equity, the three banks averaged a 10.8% ROE, while SGX had a ROE of 35.5%. The three banks and SGX averaged an indicative dividend yield of 3.9%. Shares of DBS and UOB both turned ex-dividend on 15 August, while OCBC went ex-dividend on 3 August. SGX is slated to trade ex-dividend on 28 September.
The details of the 10 most active Structured Stock Warrants in the September MTD are tabled below.