15th August 2022 (Monday)
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Market Commentary
STI gained 6.5% before hitting 3300 resistance level

Local benchmark STI hit a 4-month high of 3307 on 11 August 2022 after rallying +6.5% from 3100 level last seen on 15 July 2022. The rally was spurred by a generally positive earnings season where the three Singapore banks reported Q2 earnings that beat estimates. Other highlights include Wilmar which reported recording earnings of US$1.16 biilion for 1HFY2022, Sembcorp's 1HFY2022 earnings surged over 10 times and Venture's 1HFY2022 earnings was up 24.1% YoY.  

As for the STI DLCs, the 7x Long DLC gained around +58% while the 7x Short DLC fell by around -41% during the same period 15 July to 11 August 2022 where the STI gained +6.5%. The 5x Long DLC gained around +39% while the 5x Short DLC fell by around -31% and lastly the 2x Long DLC gained around +15% while the 2x Short DLC fell by around -14% during the same period. Below snapshot performance of the 7x Long & Short STI DLCs on 12 August 2022.

CWHW
STI 7xLongSG250529
STI 7x Long
Last Price1
1.090 -0.032
(-2.85%)
Last Update: 12/08/2022 17:28
 
CZGW
STI 7xShortSG250529
STI 7x Short
Last Price1
0.805 +0.054
(+7.19%)
Last Update: 12/08/2022 17:28
Last Price1: The DLC price displayed is based on the 'bid price' instead of the 'traded price'. This is to provide a more accurate representation of the DLC value at each particular point in time and a more accurate reflection of DLC price changes. DLCs do not trade as frequently as shares and sometimes may not record a trade for a long period of time though the bid/offer prices quoted by the Designated Market Maker may continue to move, therefore using the bid price is usually the best indicator of a DLC value.
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Celebrating 5 Years of Daily Leverage Certificates

Societe Generale is celebrating 5 amazing years of DLCs, all of which would not have been possible without your support! 

Thank you for walking alongside us on this journey and we look forward to bringing you more DLCs and tools to enhance your trading experience. 

Click HERE for an exciting visual of DLC’s journey thus far. 

As of end June 2022,

1. More than SGD 12 Billion have been traded on the DLCs since launch.

2. Total 240 DLCs listed on SGX covering 7 benchmark indices and 67 single stocks with 2x, 5x and 7x leverage options. 

3. Launch of new 5x DLCs on S&P 500 Index and NASDAQ-100 Index and 2X/5X/7X DLCs Straits Times Index

New Issuance
Stock
Code
DLC
Name
Underlying Leverage
Factor
Listing
Date
DJLW CMB 5xLongSG240801 China Merchants Bank Co Ltd 5x 05/08/2022
DJMW Alibaba 5xShortSG230803 Alibaba Group Holding Limited -5x 05/08/2022
DKGW Bilibili 5xLongSG230803 Bilibili Inc. 5x 05/08/2022
DLFW BYD 5xLongSG230803 BYD Company Limited 5x 05/08/2022
DMKW BYDElec 5xShortSG230803 BYD Electronic (International) Company Limited -5x 05/08/2022
DOMW COSCO 5xLongSG230803 COSCO SHIPPING Holdings Co., Ltd 5x 05/08/2022
DPDW Tencent 5xLongSG230803 Tencent Holdings Limited 5x 05/08/2022
DPFW COSCO 5xShortSG230803 COSCO SHIPPING Holdings Co., Ltd -5x 05/08/2022
DQHW WuxiBio 5xShortSG230803 Wuxi Biologics Cayman Inc -5x 05/08/2022
DQJW GanFeng 5xLongSG230803 Ganfeng Lithium Co Ltd 5x 05/08/2022
DRCW GanFeng 5xShortSG230803 Ganfeng Lithium Co Ltd -5x 05/08/2022
DSPW Sands 5xLongSG230803 Sands China Ltd. 5x 05/08/2022
  CHECK OUT THE NEWLY LAUNCHED DLCs  
New Features
New Tools & Insights on the DLC Website

•    Create a Watchlist of your favourite DLCs
•    Gain Market Insights with fund flows for DLCs & Underlying Stocks
•    Compare DLCs easily to choose the best one for your target exposure
•    Identify trends with Charting Tools

 

Latest Events
Upcoming Webinar Series

Hear from these renowed speakers on how to make the most out of DLCs in the sessions scheduled below. 

16/08/2022 7.00-9.00pm  

[DLC MasterClass] The ABCD Swing Trading Strategy

Binni Ong
25/08/2022 7.00-8.30pm 

[DLC Webinar] Discover the RHO Price Action Trading Strategy which may help you become a consistently profitable trader

Robin Ho
This newsletter may contain links to other websites which are not operated by Société Générale, Singapore Branch (“SG Singapore”). We have no control over the information referred to on these sites or the products or services on them, and therefore makes no representations and accepts no responsibility regarding the accuracy or suitability of the information, services or products described on them. You are advised to make your own enquiries in relation to third parties described or linked on this internet site. Inclusion of a link to a third party site should not be construed as an endorsement of such third party site by us or that party's endorsement of this Website.
Top Gainers / Losers
Code Name Bid Change1
(%)
DVUW COSCO 5xShortSG221223 +0.015
(+26.59%)
DPFW COSCO 5xShortSG230803 +0.106
(+25.63%)
DHZW PetroCH 5xShortSG231012 +0.048
(+17.62%)
DQJW GanFeng 5xLongSG230803 +0.183
(+13.29%)
DSGW CMB 5xShortSG231019 +0.125
(+11.21%)
Code Name Bid Change1
(%)
DWKW COSCO 5xLongSG221223 -0.008
(-31.80%)
DOMW COSCO 5xLongSG230803 -0.201
(-24.94%)
D00W PetroCH 5xLongSG230331 -0.013
(-20.72%)
DEXW GanFeng 5xShortSG221223 -0.004
(-19.17%)
DTDW CMB 5xLongSG231019 -0.004
(-16.81%)
Bid Change (%)1: Current Bid Price / Intrinsic Closing Value - 1
Intinsic Closing Value: Last updated on 12/08/2022
  READ MORE  
Top 10 traded DLCs
Code Name Underlying1
Chg (%)
Bid Change2
(%)
Bid Price Value traded
DNGW Meituan 5xLongSG230306A +1.79% +0.012
(+9.44%)
0.139 819K
DNDW Geely 5xLongSG230202 -0.69% -0.004
(-3.18%)
0.122 440K
DUBW Genting 5xLongSG230420 -2.42% -0.022
(-12.94%)
0.148 436K
DLCW BYD 5xLongSG230202 0.00% +0.001
(+0.28%)
0.360 405K
DJEW Meituan 5xLongSG230330 +1.79% +0.059
(+9.51%)
0.680 396K
DKCW Alibaba 5xLongSG230329 -0.11% -0.001
(-1.23%)
0.080 377K
DPDW Tencent 5xLongSG230803 -1.18% -0.053
(-5.16%)
0.975 376K
DDDW Kuaisho 5xLongSG230330 -0.53% -0.009
(-2.82%)
0.310 349K
CXCW HSTECH 5xLongSG240424 -0.31% -0.004
(-0.34%)
1.180 331K
DBPW ANTA 5xLongSG240620 +0.80% +0.016
(+3.30%)
0.500 302K
Underlying Chg (%)1: Data calculated based on the percentage change in underlying asset price between 12/08/2022 and 15/08/2022 12:05.
Bid Change (%)2: Data calculated based on the percentage change in last intrinsic closing value on 12/08/2022 and last bid price on 15/08/2022 12:06.
SEARCH FOR A DLC
   
DISCLAIMER

This advertisement has not been reviewed by the Monetary Authority of Singapore (“MAS”). This advertisement is distributed in Singapore by MAS licensed representatives of Société Générale, Singapore Branch. If you wish to discuss this advertisement, you should do so with your financial adviser, authorised broker or with MAS licensed representatives of Société Générale, Singapore Branch. This advertisement does not constitute or form part of any offer, or invitation, to subscribe for or to sell, or solicitation of any offer to subscribe for or to purchase, any certificates on indices/equities (the “Certificates” or “Daily Leverage Certificates”), warrants or other securities. Nothing herein should be considered as investment or financial advice or any form of recommendation to purchase or sell the Certificates/Daily Leverage Certificates, warrants or other securities mentioned. Information herein is intended as general information only and does not take into account the specific investment objectives, financial situation and the particular needs of any particular person. The price of Certificates/Daily Leverage Certificates, warrants or other securities and/or the price of the underlying asset may fall in value as rapidly as it may rise and holders may sustain a total loss of their investment. Investments in the Certificates/Daily Leverage Certificates, warrants or other securities carry risks. Any past performance of the Certificates/Daily Leverage Certificates, warrants or other securities, or past performance of an underlying asset, is not indicative of future performance. This document does not constitute a full disclosure of the risks involved. Members of the Société Générale group and/or its connected persons may take proprietary positions and may have long or short positions or other interests in the Certificates/Daily Leverage Certificates, warrants or other securities and may purchase and/or sell the Certificates/Daily Leverage Certificates, warrants/ or other securities at any time in the open market or otherwise, in each case whether as principal, agent or market maker.

The Certificates/Daily Leverage Certificates are for specified investment products (SIP) qualified investors only.

The terms and conditions of any Certificates/Daily Leverage Certificates, warrants or other securities must be read in conjunction with the base listing documents for those Certificates/Daily Leverage Certificates, warrants or other securities and the relevant supplemental listing document. Investors should therefore ensure that they understand the nature of the Certificates/Daily Leverage Certificates, warrants or other securities and carefully study the risk factors set out in the base listing document and the relevant supplemental listing documents and, where necessary, seek professional advice before investors invest in the Certificates/Daily Leverage Certificates, warrants or other securities. Copies of the base listing document, which contains financial and other information relating to the Issuer and any addenda thereto and the relevant supplemental listing documents, which contain details of the Certificates/Daily Leverage Certificates, warrants or other securities, can be obtained from the Allen & Gledhill LLP at One Marina Boulevard #28-00, Singapore 018989. Investors should read these documents in their entirety before agreeing to invest in the Certificates/Daily Leverage Certificates, warrants or other securities. This is a structured product which involves derivatives and investors should not invest without fully understanding and being willing to assume all risks associated with the Certificates/Daily Leverage Certificates, warrants or other securities. Investors should ensure they understand the risks, nature, terms and conditions of the Certificates/Daily Leverage Certificates, warrants or other securities and consult their own legal, financial, tax and professional advisers regarding the suitability and risks before committing to any investment.

Investors risk the loss of part or all of their investment. Investment in the Certificates/Daily Leverage Certificates, warrants or other securities involves significant levels of risks and the Certificates/Daily Leverage Certificates, warrants or other securities should only be purchased by investors who are knowledgeable in investment matters or who have obtained appropriate investment advice.

Société Générale and its affiliates (the “SG Group”) act in different capacities in relation to the issue of the Certificates/Daily Leverage Certificates, warrants or other securities. SG Issuer is the issuer of the Certificates/Daily Leverage Certificates, warrants or other securities (the “Issuer”), Société Générale acts as designated market maker for the Certificates/Daily Leverage Certificates, warrants or other securities. Société Générale, Singapore Branch is also authorized to distribute and market the Certificates/Daily Leverage Certificates, warrants or other securities to its customers. For the avoidance of doubt and as an independent stipulation, investors agree that by purchasing the Certificates/Daily Leverage Certificates, warrants or other securities, the SG Group may provide different services and/or perform different roles in relation to the issuance, offer and/or dealing in the Certificates/Daily Leverage Certificates, warrants or other securities. The investor acknowledges and agrees that the provision of such services or the undertaking of such roles may not always be consistent with the interests of the issuer and/or the investors. The investor agrees that subject to mandatory applicable law which the SG Group cannot derogate from, no implied duties or obligations shall be imposed on SG Group to the investor under the Certificates/Daily Leverage Certificates, warrants or other securities, and in connection with or as a result of the investor’s subscription or purchase of the Certificates/Daily Leverage Certificates, warrants or other securities.

The Issuer or Société Générale may have a position or a material interest in any underlying asset.

The Issuer, Société Générale or any of their affiliates may engage in transactions involving the underlying asset for their own account for business reasons or in connection with hedging of the obligation under this Certificates/Daily Leverage Certificates, warrant or other securities. Conflicts of interest may arise as a result of such transactions within the SG Group and with the interest of investors. The Issuer, Société Générale and their affiliates are not required to consider any investors’ interests in connection with entering into any of the above mentioned transactions.

The Issuer, Société Générale and their affiliates may receive benefits and/or profits as a result of its multiple roles as designated market maker and/or distributor (whether in the nature of a fiduciary, similar or additional duty or relationship or otherwise) and fully consents to the retention of such benefits and/or profits for their own account. Each investor acknowledges and agrees that none of the Issuer, Société Générale and their affiliates is obliged to notify, and is liable to account to, an investor or any other person for (and each investor or such other person shall not be entitled to ask for disclosure of the fact or the amount of, any fees resulting from any of the aforementioned roles, other than is already disclosed in the offering documents for the Certificates/Daily Leverage Certificates, warrants or other securities. Each investor agrees that the investor will have no claim against the Issuer, Société Générale and their affiliates for, and the investor consents to the receipt, acceptance and retention by the Issuer, Société Générale and their affiliates of, such fees arising from any such multiple roles.

Société Générale does not make any warranty, express or implied, as to the accuracy or completeness of the information contained herein. No responsibility or liability is accepted by Société Générale for any inaccuracies, omissions, mistakes or errors of Société Générale in the computation of the cash settlement amount or for any economic or other loss which may be directly or indirectly sustained by any broker or holder of the Certificates/Daily Leverage Certificates, warrants or other securities or any other person dealing with the Certificates/Daily Leverage Certificates, warrants or other securities as a result thereof and no claims, actions or legal proceedings may be brought against Société Générale in connection with the Certificates/Daily Leverage Certificates, warrants or other securities in any manner whatsoever by any broker, holder or other person dealing with the Certificates/Daily Leverage Certificates, warrants or other securities. Any broker, holder or other person dealing with the Certificates/Daily Leverage Certificates, warrants or other securities does so therefore in full knowledge of this disclaimer and can place no reliance whatsoever on Société Générale. For the avoidance of doubt, this disclaimer does not create any contractual or quasi-contractual relationship between any broker, holder or other person and Société Générale and must not be construed to have created such relationship.

The Certificates/Daily Leverage Certificates, warrants or other securities are not deposits placed with Société Générale.

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