The new DWs are very attractive because their gearing ratio is as high as 4-4.5 times, so they are suitable for investors who are looking for higher yields than those of common stocks. And since the time decay is low, investors can make long-term investment. In other words, these offer a good chance for investors to earn attractive returns despite market volatility. The DWs also 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 local short-term rating of F1+ (tha). Investors can be confident in 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.
Currently SCBS has issued 51 call warrants and 12 put warrants better catering to the various needs of investors. The new DWS will begin trading on the SET from today.
The call and put warrants, carefully selected based on underlying stocks with strong fundamentals, include derivative warrants for the following companies:
Call Warrants
1. Asia Aviation PCL (AAV23C1608A)
2. Airports of Thailand PCL (AOT23C1608A)
3. Bangkok Land PCL (BLAN 23C1608A)
4. Central Plaza Hotel PCL (CENT23C1608A)
5. Minor Holding (Thailand) PCL (MINT23C1608A)
6. STP&I PCL (STPI23C1608A)
7. TMB Bank PCL (TMB23C1608A)
Put Warrants
8. Airports of Thailand PCL (AOT23P1608A)
9. Bangkok Bank PCL (BBL23P1608A)
10. Intuch Holding PCL (INTU23P1608A)
11. Kasikornbank PCL (KBAN23P1608A)
12. PTT PCL (PTT23P1608A)
13. PTT Exploration and Production PCL (PTTEP23P1608A)
14. Siam Cement PCL (SCC23P1608A)
15. True Corporation PCL (TRUE23P1608A)
DW Type Underlying Stock Exercise Price Exercise Ratio Last Trading Day
(DW:Underlying Stock)
AAV23C1608A Call AAV 5.9 2.5 31August 2016
AOT23C1608A Call AOT 400 51.0
BLAN23C1608A Call BLAND 1.7 0.5
CENT23C1608A Call CENTEL 50 13.3
MINT23C1608A Call MINT 40 12.0
STPI23C1608A Call STPI 11.6 5.1
TMB23C1608A Call TMB 2.8 0.75
AOT23P1608A Put AOT 280 26.5
BBL23P1608A Put BBL 146 19.0
INTU23P1608A Put INTUCH 50 9.0
KBAN23P1608A Put KBANK 145 20.0
PTT23P1608A Put PTT 230 37.0
PTTE23P1608A Put PTTEP 52 8.5
SCC23P1608A Put SCC 440 69.0
TRUE23P1608A Put TRUE 6.7 2.1
In addition, SCBS will provide investors with a "Price Guideline" investment assistance tool featuring a table of buyback offers by market makers. With this tool, investors will be in a position to evaluate DW prices properly when comparing prices of underlying stocks and remaining tenors. Calculation is made using the Black-Scholes model under the assumptions established by market makers. DW prices will be guaranteed based on the buyback offer table under conditions set by market makers. Investors can study conditions and learn how to use the tool at www.scbs.com/DW. Interested investors can seek additional information by calling the SCBS Call Center at 02-949-1999, or by studying additional details on the 15 DWs at www.scbsonline.com