Macquarie Warrants Singapore

New warrants tracking DBS and OCBC

See how the warrants move alongside DBS and OCBC shares:

✳Call EKSW: https://macq.co/6186B8xxlo
✴Put ZPNW: https://macq.co/6187B8xxlU
✳Call 99HW: https://macq.co/6188B8xxlq

Update as of 915AM this morning: 9Y2W no longer close to sell out; warrant quoted on tightened spreads this morning

Low on inventory: HSI 26800MBeCW260629 (9Y2W)

⚠HSI warrant investors may wish to note that Macquarie's inventory on HSI call warrant 9Y2W is close to sold out, and that the warrant is quoted on widened offer spreads with low offer liquidity volumes of 500K. The bid price however, will remain fair regardless of whether it is sold out or not, and will continue to move with the HSI futures according to its live matrix: https://macq.co/6186B8SJva

✳Investors can consider switching into another HSI call warrant HSI 27600MBeCW260730 (55LW): https://macq.co/6187B8SJvx

📞Feel free to call us at 6601 0289 should you have further queries on the pricing of our warrants.

Low on inventory: HSI 26800MBeCW260629 (9Y2W)

⚠HSI warrant investors may wish to note that Macquarie's inventory on HSI call warrant 9Y2W is close to sold out, and that the warrant is quoted on widened offer spreads with low offer liquidity volumes of 500K. The bid price however, will remain fair regardless of whether it is sold out or not, and will continue to move with the HSI futures according to its live matrix: https://macq.co/6186B8SJva

✳Investors can consider switching into another HSI call warrant HSI 27600MBeCW260730 (55LW): https://macq.co/6187B8SJvx

📞Feel free to call us at 6601 0289 should you have further queries on the pricing of our warrants.

Put warrants to hedge against near-time downside risk

🔻Asian markets are looking on track to end this week on a weaker note, led by a 6.4% tumble in the Korean KOSPI Index and a 2.5% fall in the Nikkei225 futures today as of 915AM

↔The switch from euphoria to gloom this week has been swift
Both Korea and Japan indices had skyrocketed to fresh record highs only earlier this week, fueled by the rally in tech and chip names, but are currently on track to surrender all gains to end the week lower

The Hang Seng Index which had joined in the broader Asian rally earlier this week, has also quickly backpedalled on its gains, as it lost 3% in the past two days

The sharp pullback from fresh record highs is also seen in the US-tech heavy Nasdaq-100, which has retreated 2.2% from its new record high on Wednesday

🌩The overall mood in the near-time may remain dampened, given the lack of progress in ceasefire talks between the US and Iran after the worst burst of violence in weeks after Iran fired missiles and drones on Kuwait and Bahrain on Wednesday (Bloomberg), as well as newly proposed tariffs by the Trump Administration on 60 countries in relation to "forced labour" (BBC News)

Put warrants tracking the Nikkei225 and Nasdaq-100 are amongst the top warrant gainers this morning, with returns up to 12.5%, or up to 5.5 times more than the relevant index's drop

Investors who have a negative view on markets and wish to protect themselves against falling prices in the short-term may consider hedging with put warrants

Put warrants allow investors to potentially earn a profit when the underlying falls. Unlike call warrants whose prices tend to move in the same direction as the underlying, put warrants tend to move in the opposite direction to the underlying, increasing in value as the underlying falls and decreasing in value when the underlying rises

One can use the Exposure Simulator tool (https://macq.co/6186B8SyXo) to calculate the warrant investment amount in a put warrant to hedge an equivalent level of exposure

👀Watch a tutorial on how to use the tool here: https://macq.co/6187B8SyXU

Top mover alert: Investors exit from Nikkei225 put warrants which are up 14% as index sinks 2.2%

The Nikkei225 is leading Asia lower this morning with a 2.2% fall in the June futures to 67,045 as of 1030AM, as renewed clashes between the US and Iran led to the most serious flare-up in tensions since the ceasefire went into effect in early April

Trending Nikkei put warrant YHSW (https://macq.co/6182B8oqGr) which saw demand yesterday as the Nikkei225 traded to new record highs above the 68,000 level yesterday, is seeing investors exit from 800K units of YHSW which is up 14% to SGD 0.057

Trending call warrant V5PW (https://macq.co/6184B8oqGp) on the other hand, is down 9.3% to SGD 0.340

According to Bloomberg, the Nikkei225 had been recently hovering near 70 on the Relative Strength Index, a level that signals it was overbought

The Nikkei225 remains the best performing index year to date with gains of 33.3% compared to the 10.4% year to date gains on the S&P500 and +9.5% on the STI

New HSI call warrant listed this morning!

See how the warrant moves alongside the HSI June futures index, live!
XX9W: https://macq.co/6187B8owgP

US equity bubble - is it sustainable?

📈Overnight, the US markets reached yet another record high, driven by continued tech enthusiasm, optimism on the US-Iran war and the earnings season

❓With the S&P500 Index trading at 26x P/E (based on Bloomberg statistics), not far from the 20-year high of 33.3x in the fourth quarter of 2020, one can’t help but wonder, are current valuations of US shares sustainable?

✍Macquarie’s Sales and Trading desk (S&T) discusses this topic in a note published this morning

Read on for important disclaimer: https://macq.co/6186B8l2x0

New warrants available over the Hang Seng Index

See how the warrants move alongside the HSI June futures, live:

Call 55LW: https://macq.co/6182B8lq4q
Put PNXW: https://macq.co/6183B8lq4S

Top movers alert: Calls over Tencent and Meituan jump between 100% to 267%

✳Call warrants over Tencent (IGYW) and Meituan (TWWW & YWQW) have gained as much as 267% today as of 230PM, as the stocks respectively rally 9.4% and 8.5% as of 230PM

There are no put warrants available over these names

1⃣Tencent: gaining as much as 9.9% today, this is the stock's biggest gain in more than three years after reports said that the company was testing a prototype AI agent within its WeChat app which boasts 1.4 billion active users

Today's rally has given the stock a much-needed lift after it lost 27.2% year to date prior to today's move

2⃣Meituan: today's share price jump takes its 2-day gain to 15% after the company reported a better than expected first quarter revenue growth of 91.04 billion yuan

The operating loss in Core Local Commerce (CLC) narrowed to Rmb 2 billion, from Rmb10 billion in 4Q25, mainly due to improved unit economics for quick commerce as competition eased

Analysts are now expecting the company to return to positive trajectory in its quick commerce units

The stock had traded an a new 28-month low of HKD 73.30 last Thursday, ahead of its results release

👨‍🏫We previously published the technical views of Meituan provided by CGSi chart analyst Chua Wei Ren on 9 April, where he shared the key support and resistance levels to look out for: https://macq.co/6189B8cYRf

Singapore banks – April 2026, ~8% loan growth

💫Two out of the three Singapore banks – DBS and OCBC – have climbed to fresh record highs following the announcement of record or near-record income in FY2025 despite the declining rates environment

🔥Both stocks have jumped more than 15% in the past 12 weeks, leading their respective call warrants to spike more than 100% while put warrants tracking both names are amongst the top losers table with losses of 87.5% to 99.1%

The Monetary Authority of Singapore (MAS) released the latest loan data—providing insights into the state of the Singapore banking sector—on Friday, 29 May 2026: (https://macq.co/6182B8cp6a)

Macquarie Research (MQ) highlights the essence of the loan data and reiterate their preference of the stocks within the sector

Read more for the full article containing excerpts of MQ’s report published on 1 June 2026, as well as important disclaimers: https://macq.co/6183B8cp6x