SIMSCI - dragged 2.3% lower by SEA's results

Macquarie Warrants Singapore
11-12

🔻The MSCI Singapore Free Index (SIMSCI) is trading 2.3% lower to 447.90 this morning as of 843AM, underperforming Asian indices such as the Nikkei225 (-0.3%) and Kospi (+0.2%)

✴✳Consequently, Macquarie's trending SIMSCI put $SIMSCI 420MBePW260330(GQEW.SI)$ (https://warrants.com.sg/tools/livematrix/GQEW) is the top performing warrant as of 907AM this morning, with a 26.8% gain to SGD 0.071 while trending SIMSCI call warrant $SIMSCI 485MBeCW260330(WH8W.SI)$ (https://warrants.com.sg/tools/livematrix/WH8W) is down 23.9% to SGD 0.070

The SIMSCI is mainly dragged down by $Sea Ltd(SE)$ shares which were down 8.2% overnight, after its 3Q revenue of USD 5.99 billion came in below Bloomberg consensus of USD 5.65 billion

🥺Adjusted EBITDA margin also fell short of market expectations at 14.6% on weaker margins from Shopee and Monee

⭐Even with today's fall, the SIMSCI is up 21% year-to-date (YTD), beating that of the Straits Times Index's +20% gain as well as the S&P500's +16.4% increase

🔝 The SIMSCI futures remains the most liquid equity index futures contract tracking the broad performance of the large and mid-cap segments of the Singapore market.

🌐Consisting of 17 constituents such as DBS, OCBC, UOB and Singtel, SIMSCI also includes international-listed companies Sea and Grab - of which the latter two stocks are not covered by the STI

🔧Investors keen to take a view on the broad Singapore index may wish to consider using SIMSCI warrants, of which one can track the movements alongside the SIMSCI futures using the live matrix tool

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