5th January 2023 (Thursday)
[Click here for DLC product list]
Market Commentary
HSI Rises Above 20,000 Level

The Hang Seng Index (HSI) closed at 20,793 points on 4 January 2023, gaining more than 5% in the first two days of trading in the new year as China's reopening theme continues to play out. The Hang Seng Tech Index (HSTECH) meanwhile closed at 4427 points, gaining more than 7% to start off the new year.

Most sensitive 7x Long DLC on HSI (CZHW) and 5x Long DLC on HSTECH (CYMW) gained around 37% in the two trading days, while the respective Short DLCs declined by similar magnitude. 

Tencent went ex today 5 January 2023 for the distribution of it's Meituan stake. The respective Long and Short DLCs on Tencent have been adjusted to reflect this corporate action. Investors may refer to the proposed adjustment in the annoucement published on SGX website here

Nasdaq-100 closed at 10,914 points on 4 January 2023, +0.48% from previous close while the S&P 500 closed at 3852 points, +0.75% from previous close after the Fed meeting minutes affirmed their resolve to bring down influation and cautioned against underestimating their will to keep interest rates high for some time. To learn more about the 5x/7x Long and Short DLCs on US indices, visit the US indices mini-page here

CZHW
HSI 7xLongSG240912
HSI 7x Long
Last Price1
1.000 +0.194
(+24.07%)
Last Update: 04/01/2023 17:28
 
CVIW
HSI 7xShortSG241218
HSI 7x Short
Last Price1
1.025 -0.328
(-24.25%)
Last Update: 04/01/2023 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.
  CLICK FOR MORE PRODUCT INFO  
New Issuance
Stock
Code
DLC
Name
Underlying Leverage
Factor
Listing
Date
CVIW HSI 7xShortSG241218 Hang Seng Index -7x 29/12/2022
CWMW HSTECH 5xShortSG241218 Hang Seng TECH Index -5x 29/12/2022
CYMW HSTECH 5xLongSG241218 Hang Seng TECH Index 5x 29/12/2022
DLNW Xiaomi 5xShortSG231220 Xiaomi Corporation -5x 29/12/2022
DLVW Bilibili 5xLongSG231220 Bilibili Inc. 5x 29/12/2022
DMYW Sands 5xShortSG231220 Sands China Ltd. -5x 29/12/2022
DNNW PingAn 5xShortSG231220 Ping An Insurance Group Co-H -5x 29/12/2022
DNPW BYD 5xLongSG231220 BYD Company Limited 5x 29/12/2022
DNQW Kuaisho 5xLongSG231220 Kuaishou Technology 5x 29/12/2022
DNVW JD 5xLongSG231220 JD.Com, Inc. 5x 29/12/2022
DOVW Meituan 5xShortSG231220 Meituan -5x 29/12/2022
DOWW Tencent 5xLongSG231220 Tencent Holdings Ltd 5x 29/12/2022
DOYW BYDElec 5xLongSG231220A BYD Electronic (International) Co Ltd 5x 29/12/2022
DPKW Kuaisho 5xShortSG231220 Kuaishou Technology -5x 29/12/2022
DQSW JD 5xShortSG231220 JD.Com, Inc. -5x 29/12/2022
DRMW BYDElec 5xShortSG231220A BYD Electronic (International) Co Ltd -5x 29/12/2022
DSXW Baidu 5xShortSG231220 Baidu Inc. -5x 29/12/2022
DVRW Alibaba 5xShortSG231220 Alibaba Group Holding Limited -5x 29/12/2022
  CHECK OUT THE NEWLY LAUNCHED DLCs  
Education
New Video: How to select the right DLC for your target exposure?

Click here to watch the video

Top Gainers / Losers
Code Name Bid Change1
(%)
DQLW AAC 5xShortSG231123 +0.28
(+41.19%)
DIDW Sunny 5xLongSG231024 +0.198
(+34.33%)
DIIW Sunny 5xLongSG230620 +0.004
(+30.14%)
DAVW Meituan 5xLongSG231024 +0.513
(+20.55%)
DQJW GanFeng 5xLongSG230803 +0.023
(+20.33%)
Code Name Bid Change1
(%)
DAOW AAC 5xLongSG230620 -0.058
(-37.68%)
DQRW Sunny 5xShortSG231115 -0.128
(-29.55%)
DHRW Meituan 5xShortSG230620 -0.004
(-22.62%)
DRCW GanFeng 5xShortSG230803 -0.132
(-17.56%)
DOVW Meituan 5xShortSG231220 -0.199
(-16.26%)
Bid Change (%)1: Current Bid Price / Intrinsic Closing Value - 1
Intinsic Closing Value: Last updated on 04/01/2023
  READ MORE  
Top 10 traded DLCs
Code Name Underlying1
Chg (%)
Bid Change2
(%)
Bid Price Value traded
DVRW Alibaba 5xShortSG231220 +2.59% -0.055
(-8.95%)
0.560 588K
DGGW Tencent 5xLongSG230330 +0.85% +0.006
(+4.66%)
0.135 460K
DPDW Tencent 5xLongSG230803 +0.85% +0.032
(+4.79%)
0.700 428K
DJLW CMB 5xLongSG240801 -0.87% -0.018
(-2.89%)
0.605 399K
DAOW AAC 5xLongSG230620 -8.00% -0.058
(-37.68%)
0.096 310K
DKBW DBS 5xLongSG240306 +2.32% +0.074
(+12.21%)
0.680 282K
CZHW HSI 7xLongSG240912 +1.01% +0.089
(+9.07%)
1.070 256K
DZNW Meituan 5xShortSG231110 +3.64% -0.028
(-15.72%)
0.150 237K
DQEW DBS 5xLongSG230713 +2.32% +0.105
(+12.21%)
0.965 215K
DJOW Geely 5xLongSG231102 +1.99% +0.109
(+11.40%)
1.065 205K
Underlying Chg (%)1: Data calculated based on the percentage change in underlying asset price between 04/01/2023 and 05/01/2023 12:05.
Bid Change (%)2: Data calculated based on the percentage change in last intrinsic closing value on 04/01/2023 and last bid price on 05/01/2023 12:07.
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.

dlc.socgen.com
Think DLC.  Think SG.  
   
FOLLOW US    
This message was sent to $$EMAIL$ because you asked us to keep you up to date with news and tips from Societe Generale.

If you do not wish to receive e-mails from Societe Generale, please unsubscribe by clicking here.
Email: dlc@socgen.com   |   Hotline: (65) 6226 2828
© Copyright 2019 Société Générale, Singapore Branch All Rights Reserved.