KUALA LUMPUR (June 8): Kenanga Investment Bank Bhd has issued 12 new European styled non-collateralised cash-settled call warrants to meet investors’ demand for trading opportunities and alternative investments.

It said the call warrants will be issued over the ordinary shares of AirAsia Bhd, AirAsia X Bhd, Bermaz Auto Bhd, Ekovest Bhd, Felda Global Ventures Holdings Bhd, Globetronics Technology Bhd, Jaya Tiasa Holdings Bhd, KSL Holdings, SKP Resources Bhd, Sunway Construction Group Bhd, Unisem (M) Bhd and WCE Holdings Bhd.

The 12 structured warrants have a tenure of seven months, Kenanga said in a statement today.

“Warrants are a tactical weapon for short-term traders, not suitable for long-term investments. To this purpose, we hope to educate investors in selecting and trading leveraged products wisely in this current bullish market,” said Kenanga head of group equity broking Lee Kok Khee.