19th March 2021 (Friday)
[Click here for DLC product list]
Market Commentary
Oil prices collapse on the back of recovery concerns and climbing Treasury yields

Asian oil-related stocks dropped after crude oil futures plunged by almost 7% on Thursday, which was the biggest intraday drop in oil prices since October. There was uncertainty over the speed of an economic recovery since parts of Europe is getting back into lockdown. At the time of writing, both CNOOC and PetroChina were down by more than 4%. 

Investors turned more cautious on risky assets as bond yields were pushed higher after the Fed's FOMC meeting. While inflation is expected to jump to 2.4% this year above the central bank's 2% target, Powell said that is viewed as a temporary surge which will not change the Fed's pledge to keep its benchmark overnight interest rate near zero.  The rising bond yields had dragged down the technology stocks with high valuations, with Hang Seng TECH Index down by about 2% and trading below its 20-day SMA on Friday morning.

New Issuance:

The wait is over, we have launched below new DLCs with some of our hot underlying stocks like BYD Company and new additions including Smoore International, Nongfu Spring, Lenovo and Ming Yuan Cloud this week:

Stock Code DLC Name Underlying Type Leverage Factor Listing Date Expiry Date
DOZW PAHLTH 5xShortSG220315 PA GoodDoctor Short -5x 3/17/2021 3/15/2022
DDCW CSPC 5xShortSG220315 CSPC Pharma Short -5x 3/17/2021 3/15/2022
DOFW CSPC 5xLongSG220315 CSPC Pharma Long 5x 3/17/2021 3/15/2022
DDNW Sands 5xShortSG220315 Sands China Short -5x 3/17/2021 3/15/2022
DJGW Sunac 5xShortSG220315 SUNAC Short -5x 3/17/2021 3/15/2022
DOAW Sunac 5xLongSG220315 SUNAC Long 5x 3/17/2021 3/15/2022
DJFW BYD 5xLongSG220315 BYD Company Long 5x 3/17/2021 3/15/2022
DMZW Smoore 5xLongSG220316 Smoore International Long 5x 3/18/2021 3/16/2022
DXNW Smoore 5xShortSG220316 Smoore International Short -5x 3/18/2021 3/16/2022
DWQW Nongfu 5xLongSG220316 Nongfu Spring Co Ltd Long 5x 3/18/2021 3/16/2022
DGVW Lenovo 5xLongSG220316 Lenovo Group Long 5x 3/18/2021 3/16/2022
DEIW Lenovo 5xShortSG220316 Lenovo Group Short -5x 3/18/2021 3/16/2022
DFVW MYCloud 5xLongSG220316 Ming Yuan Cloud Holdings Ltd Long 5x 3/18/2021 3/16/2022
DTKW MYCloud 5xShortSG220316 Ming Yuan Cloud Holdings Ltd Short -5x 3/18/2021 3/16/2022
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”.

Investors can read more about "What is Sensitivity of a DLC?" in our FAQ section.

DTJW
CNOOC 5xLongSG230331
0883.HK 5x Long
Last Price1
0.050 -0.013
(-20.71%)
Last Update: 19/03/2021 11:40
 
DQMW
CNOOC 5xShortSG220302
0883.HK 5x Short
Last Price1
1.675 +0.305
(+22.26%)
Last Update: 19/03/2021 11:40
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.
  CLICK FOR MORE PRODUCT INFO  
DLC Funds Flow Chart
Data calculated based on the net change in money flow between 17/03/2021 and 18/03/2021.
 
Top Gainers / Losers
Code Name Bid Change
(%)
DSDW Sunny 5xLongSG230920 +0.555
(+50.92%)
DSNW Sunny 5xLongSG220630 +0.07
(+48.44%)
DTKW MYCloud 5xShortSG220316 +0.345
(+28.75%)
DNFW Alibaba 5xLongSG230627A +0.16
(+25.00%)
DMBW Alibaba 5xLongSG230627 +0.032
(+25.00%)
Code Name Bid Change
(%)
DSTW Sunny 5xShortSG231214 -0.043
(-48.41%)
DWNW Alibaba 5xShortSG230627A -0.037
(-23.66%)
DAGW Alibaba 5xShortSG230202 -0.681
(-23.08%)
DCMW Alibaba 5xShortSG230627 -0.007
(-22.38%)
DFVW MYCloud 5xLongSG220316 -0.265
(-22.08%)
Data calculated based on the percentage change in last bid price between 17/03/2021 and 18/03/2021.
  READ MORE  
Top 5 traded DLCs
Code Name Underlying
Chg (%)
Intrinsic Close1
(Chg %)
Sensitivity Value traded
DNFW Alibaba 5xLongSG230627A +4.94% 0.795039
(+24.22%)
0.294 865K
DEUW CityDev 5xLongSG230404 +1.47% 0.166062
(+7.29%)
0.009 727K
DOXW DBS 5xLongSG211105 +1.28% 1.30426
(+6.39%)
0.022 549K
DMBW Alibaba 5xLongSG230627 +4.94% 0.159008
(+24.22%)
0.294 453K
DWNW Alibaba 5xShortSG230627A +4.94% 0.117136
(-25.11%)
0.399 439K
Data calculated based on the percentage change in underlying price and intrinsic close between 17/03/2021 and 18/03/2021 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.
  SEARCH FOR A DLC  
   
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.
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 he will have no claim against for, the investor consents to the receipt by the Issuer, Société Générale and their affiliates of, and it shall be entitled to accept and retain, 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    
Email: dlc@socgen.com   |   Hotline: (65) 6226 2828
© Copyright 2019 Société Générale, Singapore Branch All Rights Reserved.