16th March 2021 (Tuesday)
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Market Commentary
Alibaba Group asked to offload media assets, report says

On Tuesday, the Hang Seng Index rose slightly by 0.7% and the Hang Seng TECH Index rose more than 3%. Major US stock indices closed at record highs yesterday as stimulus fueled optimism continues. Market awaits the post-meeting announcement from the Federal Reserve's March 16-17 meeting regarding reserve management, economic outlook, rates decision and bank capital-rules exemptions.

According to Bloomberg source, China is reported to have pressured Alibaba to sell some media assets including the South China Morning Post, adding more regulatory scrutiny to this tech giant. Alibaba closed at HKD$221.40 today, its share price slid 17% since its peak on 17 Feb. Alibaba's startup investments in the past four months are estimated to have totaled about USD $2.7 billion, down from USD $6 billion in roughly the same period last year, based on data from information company ITjuzi.

New Feature:

The "Most Sensitive" label is now available on our DLC Product Search page, helping investor to identify the Long and Short DLCs with the highest sensitivity in each underlying asset.

Sensitivity is the number of index points(for index) or dollar value(for stock) movement that is equivalent to a theoretical 1 tick movement of the DLC, without taking intraday exchange rate changes into account for non-SGD denominated underlying asset product. This value changes as the values of the underlying asset and the DLC change and is calculated based on previous closing price of the underlying asset and the previous theoretical closing price of the DLC. 

For each underlying asset, 1 short DLC and 1 long DLC with the highest sensitivity to price movements in each underlying asset (regardless of the leverage factor) have been identified as the “Most Sensitive”.

Latest events:

Join us at SGX Trading Hour Series webinars where we would speak alongside the SGX Academy Speaker on Overview of DLCs (approx. 15 minutes) in each of the sessions scheduled below. 

Date Time   Topic (Registration Link) Guest Speaker
3/23/2021 7-8pm Top SG and HK Stocks to Watch in 2nd Quarter 2021 Joey Choy
4/6/2021 7-8pm How to Manage Money and Risk Benny Lee
4/20/2021 7-8pm Market Outlook with Technical Analysis Chua Wei Ren
5/4/2021 7-8pm Trade Idea Generation on Singapore and Hong Kong Stocks Binni Ong
5/18/2021 7-8pm Top SG and HK Stocks to Watch in 2nd Quarter 2021 Joey Choy
6/8/2021 7-8pm How to Manage Money and Risk Benny Lee
6/22/2021 7-8pm Market Outlook with Technical Analysis Chua Wei Ren

Webinar Replays:

Our presentations at the Singapore Trading Festival 2021 are available here:

Timing the Market Exit and Entry in a Volatile Market

Panel Discussion: 3 Market Plays for 2021 with Structured Products
DNFW
Alibaba 5xLongSG230627A
9988.HK 5x Long
Last Price1
0.625 +0.002
(+0.32%)
Last Update: 16/03/2021 17:28
 
DAGW
Alibaba 5xShortSG230202
9988.HK 5x Short
Last Price1
3.080 +0.048
(+1.58%)
Last Update: 16/03/2021 17:28
1 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 may not trade as frequently as shares and sometimes may not record a trade for a long period of time while the bid/offer prices quoted by the Designated Market Maker continue to move with the Underlying Asset, therefore using the bid price is usually a better indicator of the value of a DLC.The variation of the last price is the difference between the last price and the intrinsic close of a DLC in the last trading day.
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DLC Funds Flow Chart
Data calculated based on the net change in money flow between 12/03/2021 and 15/03/2021.
 
Top Gainers / Losers
Code Name Bid Change
(%)
DXLW Xiaomi 5xLongSG230712 +0.044
(+41.33%)
DBEW BYDElec 5xShortSG230202 +0.609
(+35.80%)
DKHW BYDElec 5xShortSG231220 +0.008
(+35.70%)
DJBW JD 5xShortSG230907 +0.044
(+33.31%)
DKKW SIA 5xLongSG230420 +0.192
(+30.32%)
Code Name Bid Change
(%)
DXBW Xiaomi 5xShortSG230907 -0.008
(-38.75%)
DSOW Xiaomi 5xShortSG231214 -0.241
(-37.03%)
DVHW BYDElec 5xLongSG231220 -0.065
(-31.28%)
DJCW JD 5xLongSG230615 -0.167
(-28.71%)
DJDW JD 5xLongSG230615A -0.829
(-28.50%)
Data calculated based on the percentage change in last bid price between 12/03/2021 and 15/03/2021.
  READ MORE  
Top 5 traded DLCs
Code Name Underlying
Chg (%)		 Intrinsic Close1
(Chg %)		 Sensitivity Value traded
CUUW HSI 7xLongSG231215 +0.33% 3.43991
(+2.06%)		 11.974 1M
CWAW HSI 5xLongSG230420 +0.33% 1.33232
(+1.43%)		 21.642 977K
DMEW Meituan 5xLongSG230712 -4.75% 0.206367
(-24.00%)		 1.537 945K
DSOW Xiaomi 5xShortSG231214 +7.03% 0.418994
(-35.62%)		 0.058 761K
DSBW Tencent 5xLongSG220318 -3.46% 0.725371
(-17.54%)		 0.866 723K
Data calculated based on the percentage change in underlying price and intrinsic close between 12/03/2021 and 15/03/2021 respectively.
1 Intrinsic Close is the value computed using the valuation formula of the Certificates stated on the relevant supplemental listing documents at market close.
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DISCLAIMER
This advertisement has not been reviewed by the Monetary Authority of Singapore.
SG is not providing any opinions or recommendations. This document is distributed in Singapore by MAS licensed representatives of Société Générale, Singapore Branch. If you wish to discuss this document, you should do so with your financial adviser, authorised broker or with MAS licensed representatives of Société Générale, Singapore Branch. This document 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 (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 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.
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