❕Do you know? ↔With the plunge in markets this week, you may find the offer spreads on many warrants being widened due to warrant deltas changing dramatically. ✳✴Some put warrants may have become very deep in-the-money (typically with delta above 85%), while call warrants would have become very far out-of-the-money (typically with delta less than 10%) given today's plunge in stock/index levels 🚫When this happens, you would notice that the offer spreads of warrants have been widened to discourage investors from buying these warrants e.g. DBS call $DBS MB eCW260730(FQCW.SI)$ (https://warrants.com.sg/tools/livematrix/FQCW) ✅Investors interested in buying should consider warrants on tight spreads instead e.g. DBS call

📝Sign up for the two information sessions on Warrants available tomorrow on Thurs 5 March! 🕦1030AM: One Good Trade Live Show with Joey Choy, where Joey will introduce a Singapore stock that is trending higher amid the uncertainty: https://www.youtube.com/watch?v=bNlvRfWMCp8 🕡630PM: Advanced Warrant Seminar to explain the product that you can use in current markets in detail: https://warrants.com.sg/education/seminar

Airline stocks have reacted to the recent escalation of Iran–Israel conflict, as disruptions to Middle East airspace and flight routes have affected travel plans and operating conditions. In SIA’s case, price pulled back sharply but has since found support around the $6.64 area — a recent spike low that reflects the initial market reaction. SGX Academy Trainer Binni Ong provides her analysis on the technical structure of SIA shares and the key entry and exit levels to watch out for in the short-term. *This article is sponsored by Macquarie Warrants Singapore. Binni’s views does not represent that of Macquarie’s Macro backdrop Airline stocks have reacted to the recent escalation of Iran–Israel conflict, as disruptions to Middle East airspace and flight routes have affected travel plans and

💫 $ST Engineering(S63.SI)$ shares traded to a high of $11.18 today, above the $11 target price mentioned by SGX Academy Trainer Joey Choy in a 22 January article published by us: https://warrants.com.sg/marketnews/highlight/todayhighlight/7806 🔥 The call warrant mentioned in the article $STEng MBeCW260630(XX5W.SI)$ (https://warrants.com.sg/tools/livematrix) jumped 83% to $0.077 as ST Engineering shares traded at $11 today. XX5W which is trading 35.7% higher to $0.076 as of 1125AM, is seeing holders exit their positions in this warrant. 📈STE shares have jumped 10% in just two days, following the outbreak of war over the weekend between US-Israel and Iran 📢On 27 Feb after STE announced its FY25 earning

🔻Equity markets are taking a beating this morning, with the key Asian indices of Nikkei and Hang Seng down 1% as of 915AM while Singapore is down 2.1% 🔝Put warrants tracking Singapore shares and the SIMSCI dominate the top movers table this morning with gains of 17% to 150% while call warrants over names such as SIA and DBS are down up to 67.5% 🦺Investors are offloading risk on the back of the US-Israeli war against Iran and piling into haven assets, defensive names and oil-related shares 🔼The rare stock gainers this morning include ST Engineering (+1.3%, $10.10) and Wilmar (+1.4%, $3.57) ‼The Middle East conflict and its impact on oil and inflation particularly compounds concerns in the US after overnight producer prices came in higher than expected ❓What else should investors take note o

❗Did you know? 🕘Macquarie’s index warrants track the underlying index futures. In this case, our HSI and HSTECH warrants track the HSI and HSTECH index futures during the Singapore trading hours of 915AM to 428pm, while the SIMSCI warrants track the SIMSCI index futures listed on the SGX from 9AM to 458PM The live futures can be seen on our home page: https://warrants.com.sg/home 🗓As we near the end of the February month, our warrants will start tracking the March 2026 HSI/HSTECH/SIMSCI futures contracts starting today. See how the HSI/HSTECH/SIMSCI warrants move alongside their respective futures contract by clicking on their Live Matrices: https://warrants.com.sg/tools/livematrix

🔻On the back of releasing its second half 2025 results in a pre-market announcement this morning, $Sembcorp Ind(U96.SI)$ (SCI) is currently trading down 1.9% to $6.17 as of 926AM 〰The stock has been trading in a tight range between $6 to $6.50 since August 2025 📝Macquarie Research (MQ) however, believes that SCI’s results are better than expected, and that the shares may react positively. 👀Read more for the full article containing excerpts of MQ’s report published this morning on 25 February 2026: What’s new Sembcorp Industries (SCI) released its 2H25 results this morning before market open Why it matters2H25 results. Clean PATMI was S$512 million (-2% year on year) and compares to MQ / Visible Alpha (VA) consensus estimates of S$454 million / S

City Development (City Dev) shares have been demonstrating sustained strength with a well-established long-term uptrend, with prices consistently holding above the rising 200-day and 100-day moving averages. More recently, prices have advanced toward the key psychological $10.00 resistance level after stabilising above the $9.60 support region. With earlier bullish signals still playing out, a sustained move above this threshold could signal continuation toward the next resistance level. Read on to find out where Joey thinks the next higher resistance level could be, and how one can leverage on this view using City Dev call warrants: https://www.warrants.com.sg/marketnews/highlight/todayhighlight/7827 *Joey’s view does not represent that of Macquarie’s

$CHINA LIFE(02628)$ call $CLIFE MBeCW260804(VU8W.SI)$ $MEITUAN-W(03690)$ call $Meituan MB eCW260804(YWQW.SI)$ $PING AN(02318)$ call $NSLW

Macquarie Warrants would like to wish you a Happy Chinese New Year! Wishing you good fortune and a joyful reunion with friends and family in the Year of the Horse! In conjunction with the Chinese New Year holidays, please take note of Macquarie's market making schedule as follows: Mon 16 Feb (half-day trading): Market-making quotes for all warrants will be pulled at 1158AM Tue 17 Feb to Wed 18 Feb: Market shut, no market making for any warrants Thu 19 Feb: Market-making resumes over Singapore shares, SIMSCI, Nikkei225, S&P500 and Nasdaq-100. As the Hong Kong market is still shut, there will be no market making for any warrants over the HSI, HSTECH and Hong Kong stocks Fri 20 Feb: Market-making resumes over ALL underlyings Enjoy the break, huat ah!

CGSi analyst Chua Wei Ren who specialises in short-term technical analysis has noted that $XIAOMI-W(01810)$ ’s price action is seeing a potential bullish reversal to the upside with confirmation of a double bottom from the monthly chart. Read more to find out the key substantiating points: https://rfs.cgsi.com/api/download?file=c4d5e341-5aff-4f18-bf83-f6ffacb7b186 Meanwhile, warrant investors keen to trade on Wei Ren’s short-term technical view on $XIAOMI-W(01810)$ may wish to consider the below trending Xiaomi call warrant: CallPABW: https://warrants.com.sg/tools/livematrix/PABW $XIAOMI MBeCW260703(PABW.SI)$ There is no put warrant available over Xiaomi. *T

Join us for an educational session with SGX Academy Trainer Binni Ong as she shares her approach to identifying short‑term market setups in the Year of the Horse. Learn about key market concepts, how structured warrants work, and practical tools to support informed decision‑making. Jamie Chung, Head of Macquarie Warrants Singapore, will also explain the features and risks of structured warrants. Attend the webinar to participate in a pop quiz, where $5 vouchers will be awarded to five winners: https://www.sgxacademy.com/event/harnessing-the-year-of-the-horse-investor-education-session-on-structured-warrants/ *Terms and Conditions apply. Vouchers are sponsored by SGX.

🔃The $Nikkei 225 Index(N225.JP)$ index experienced heightened volatility during today’s trading session. At the open, the index gapped lower, declining as much as 1.5% from yesterday's 5PM close. However, it has since reversed all losses, trading +0.2% in positive territory at 54,050 as of 130PM 🗳This recovery comes as investors shift their focus to the upcoming national election, scheduled for this weekend. 💁Prime Minister Sanae Takaichi has called for a snap election to secure support for increased government spending and potential tax cuts. 🥇Analysts widely expect the ruling coalition to win decisively, which has helped stabilise market sentiment (Trading Economics, 6 February). ↕Investors with a directional view of the Nikkei 225 index can

🆕Macquarie Warrants has listed a new call warrant $XIAOMI MBeCW260703(PABW.SI)$ (https://warrants.com.sg/tools/livematrix/PABW) tracking $XIAOMI-W(01810)$ ✳The call warrant costs SGD 0.037 while Xiaomi shares trade at HKD 35.06 and will move approximately 5% for a 1% move in Xiaomi based on its effective gearing level as of 9AM this morning 📉Yesterday, Xiaomi shares hit a 52-week low to HKD 35.06 following the broad market selldown. According to Bloomberg's historical data, Xiaomi has the highest average 3-month return when the shares are sold to a new 52-week low ✂Last week, two analysts on the street lowered their price target on the stock, citing weaker earnings outlook and a longer wait for smartp