Macquarie Warrants Singapore

Seatrium: After jumping 19% over the past week, Seatrium shares tumbled 11% this morning to a low of $2.10 to give up 60% of last week's gains Prior to today's move, Bloomberg indicated that the relative strength index on Seatrium was above 70, suggesting that the stock may be overbought Today's drop is accompanied by trading volume that has surged to almost 6 times its 20-day average There are reports on Bloomberg that Seatrium's ratings and target price had been cut by a broker to underweight and a lower target price The 12-month target price of 10 analysts polled by Bloomberg is currently $2.60, with a buy rating of 4/5, even after factoring the target price cut by the said broker Macquarie's trending Seatrium call warrant UGWW (https://warrants.com.sg/tools/livematrix/UGWW)is currently down 34.8% to $0.015 as Seatrium recovered some of its intraday losses to be down 8.5% at $2.16 as of 11AM

Top movers alert: SIA falls 4%, Seatrium tumbles 11% - what is going on? SIA: tumbled as much as 5.5% this morning to $7.34 after reporting its first quarterly loss in more than four years in an after-market announcement yesterday 🛢The soaring cost of fuel - that has led its jet fuel cost to balloon by S$991 million - as well as increasing losses from its 25.1% Air India stake, saw SIA post a quarterly net loss of S$76 million Operating profit shrunk 74% to S$106 million Nevertheless, SIA's management remains upbeat on travel flows, saying passenger travel demand in the current quarter, which covers the peak summer period, “remained robust” ✳SIA shares are currently down 4.3% as of 11AM to $7.44 while trending SIA call warrant NVPW (https://warrants.com.sg/tools/livematrix/NVPW) is down 26.5% to $0.025⚠

iFAST – awaiting positive operating leverage in 2H26 iFAST shares have undergone a relentless sell-down over the past three days, tumbling 8.7% ahead of and post its latest earnings result published after-market on 24 July Following this sell-down, Macquarie’s trending iFAST call warrant FSZW has fallen 37.5% over the past three days to close at SGD 0.035 yesterday The call warrant has been seeing buying interest from investors during this period 📢iFAST’s second quarter 2026 (2Q26) profit of S$29.8 million was a 6% increase over the previous quarter but shy of Macquarie Research’s (MQ) S$32 million forecast Its S$36.1 billion total wealth assets under administration however, was higher than forecast, while net revenues increased 35% from the previous year The company also increased their dividend to 3 cents this quarter ✍While iFAST’s earnings are at the lower end of MQ’s expectations, MQ’s latest report published yesterday revealed a higher 12-month price target Read more for the full article to understand why, as well as important disclaimers: https://warrants.com.sg/marketnews/highlight/todayhighlight/7914📉

Did you know? Macquarie’s index warrants track the underlying index futures. In this case, our HSI warrants track the HSI index futures during the Singapore trading hours of 915AM to 428pm. As we near the end of July, our warrants start tracking the August 2026 HSI futures contracts starting today. See how the HSI warrants move alongside their respective futures contract by clicking on their Live Matrices. Trending HSI call RFCW: https://warrants.com.sg/tools/livematrix/RFCW Trending HSI put MXVW: https://warrants.com.sg/tools/livematrix/MXVW

Dow, S&P climb on non-tech earnings and falling oil; Nasdaq lags on chip weakness S&P 500: 7,428.78 (+0.2%) Nasdaq-100: 27,763.13 (-1.0%) DJIA: 52,747.32 (+1.0%) Eurostoxx: 6,289.51 (+0.1%) U.S. crude futures: $79.26 (-4.1%) The Dow Jones Industrial Average and S&P 500 Index rose Tuesday, lifted by strong earnings from non-tech heavyweights and a second straight day of falling oil prices, even as AI-linked stocks continued to struggle. Crude oil extended its slide as the pause in U.S.-Iran strikes appeared to hold. President Trump said talks with Iran were ongoing but again threatened to destroy Iranian bridges and power plants absent a deal (CNN, 28 July). Iran's foreign ministry spokesman Esmaeil Baghaei said Tehran was not directly negotiating with Washington, though intermediaries may be relaying messages (WSJ, 29 July). On the economic front, the Conference Board's consumer confidence index fell to 90.8 in July from 92.2 in June, missing the 92.4 Bloomberg-surveyed estimate. The Case-Shiller National Home Price Index rose 0.6% in May, moderating from April's 0.8% gain, with home prices up 1.1% year-over-year (WSJ, 29 July).

➡Nikkei225: the index has once against taken its cue from the carnage in the KOSPI, which is down 10.7%. Both indices have led the MSCI Asia Pacific Index to drop more than 3% to its lowest level since May 🤖Semiconductor, electronic component and precision equipment names are leading the Nikkei225 rout, following global doubts over returns on AI capital spending on the back of Nvidia's USD750 billion deals that are viewed by some as artificially inflating AI demand Meanwhile, news reports on the development of immersion deep UV lithography tools by a Shanghai-based company have added to the pressure, especially on the likes of Japanese lithography equipment makers Nikon and Canon Nevertheless, Bloomberg reports that the Nikkei225's Z-score on today's move registered at approximately -1.78, indicating today's decline while statistically significant, is not extreme relative to historical daily moves ➡Keppel: the company announced after-market yesterday a SGD 3.7 billion program to progressively monetise up to 10 of its legacy rigs through a new private fund, Keppel Offshore Fund Investors may be looking out for special dividend announcements in the near future given that Keppel tends to pay out 10-15% of gross proceeds for transactions completed in the year as special dividends In a separate announcement, the company said this morning that it has surpassed its end-2026 interim funds under management (FUM) target of SGD 100 billion ahead of schedule These announcements have come ahead of the company's earnings report later this week on 30 July ✳Macquarie's trending Keppel call warrant 94BW (https://warrants.com.sg/tools/livematrix/94BW) is seeing investors sell back more than 500,000 units of the warrant following its 17.1% increase to SGD 0.082 as of 154PM. There is no Keppel put warrant.

Top movers alert: Nikkei puts jump as much as 48% following index's 4% selldown; Keppel call increases 40% on stock's rig monetisation plan 🔝Nikkei225 put warrants and a Keppel call warrant are amongst the top warrant gainers as of 130PM today, with gains of more than 40% following the Nikkei225's -4.2% selldown and Keppel's +2.7% outperformance in the Singapore market 🔻Conversely, Nikkei225 call warrants are invariably amongst the top warrant losers, as they fall between 29% to 36% in line with the Nikkei225's drop

The newly refreshed record high for the local index is happening against a backdrop of robust GDP growth, an AI-led electronics boom and a surprise MAS tightening that has reinforced confidence in the Singapore dollar and the broader economy, according to Bloomberg Macquarie Research (MQ) published a research report yesterday stating their views on the MAS tightening and any potential impact that investors should note Read more for the full article to find out MQ’s upgraded target price on the STI, as well as important disclaimers: https://warrants.com.sg/marketnews/highlight/todayhighlight/7913

Singapore market – MAS further tightens Yesterday, the Straits Times Index (STI) hit a new record high of 5,619.20, refreshing the last record of 5,595.52 on 22 July 2026 Amova Singapore STI ETF likewise, closed at a new record high of SGD 5.735 yesterday According to Bloomberg AskB, the Amova STI ETF and STI moves in “near-lockstep, with a one-year daily return correlation of 0.91” Since newly listing on 17 July, Macquarie’s Amova STI ETF call warrant OUKW, has risen 15.8% to SGD 0.088 (as of yesterday’s close), 7.5 times more than the ETF’s 2.1% increase over the past ten days. There is no put warrant available

Oil plunges 7.5% as Trump holds off on Iran escalation S&P 500: 7,413.18 (0.0%) Nasdaq-100: 28,039.21 (-0.3%) DJIA: 52,210.08 (+0.5%) Eurostoxx: 6,282.21 (0.0%) U.S. crude futures: $82.61 (-7.5%) Wall Street ended mixed Monday as easing U.S.-Iran tensions collided with fresh doubts over AI valuations. President Trump held off on escalating military action against Iran, reportedly citing Pentagon concerns over munitions stockpiles (WSJ, 28 July). The de-escalation triggered a sharp reversal in oil: US crude futures plunged $6.70 (7.5%) to $82.61 a barrel, unwinding last week's spike tied to clashes near the Strait of Hormuz and Red Sea, when WTI had closed above $92 on Thursday (WSJ, 28 July). The energy shock continued to dominate bond and equity market attention into Monday's session.

⚙Investors keen to trade the moves in the US indices, China-related HSI and Japan's Nikkei225 can consider the below trending warrants, which include newly listed S&P and Nasdaq warrants with a longer expiry Trending Nasdaq call KRIW: https://warrants.com.sg/tools/livematrix/KRIW Trending Nasdaq put ERFW: https://warrants.com.sg/tools/livematrix/ERFW Trending S&P500 call W2DW: https://warrants.com.sg/tools/livematrix/W2DW Trending S&P500 put Y8AW: https://warrants.com.sg/tools/livematrix/Y8AW Trending HSI call RFCW: https://warrants.com.sg/tools/livematrix/RFCW Trending HSI put PTXW: https://warrants.com.sg/tools/livematrix/PTXW Trending Nikkei225 call ZY2W: https://warrants.com.sg/tools/livematrix/ZY2W Trending Nikkei225 put ROJW: https://warrants.com.sg/tools/livematrix/ROJW

What to look out for this week - rates, prices, growth, US big tech earnings 3⃣29 Jul, Wed night: FOMC widely expected to keep the federal funds rate unchanged at the 3.50 – 3.75% range, given that US inflation measures eased more than expected in June, while the labor market slowed but remained firm and continues to show further signs of improvement 🤖Microsoft and Meta are among the big tech companies to report earnings the same night. For the former, the market will center its focus on soaring AI infrastructure CAPEX forecasts while scrutiny remains high over Meta for its monetization and AI spending strategy (Yahoo Finance) 4⃣30 Jul, Thu night: US second quarter GDP is excepted to pick up modestly to 2.3% quarter on quarter, up from the first quarter's 2.1% expansion. The US personal consumption expenditures price index for June and real personal spending in June will provide further insight into consumer momentum over the second quarter. Both are expected to increase 🤖Amazon and Apple will report their earnings, with Amazon slated to provides updates on cloud infrastructure pricing and AI capacity rent while Tim Cook will be doing his final earnings call for Apple, providing hardware and service revenue updates (Yahoo Finance) 5⃣31 Jul, Fri morning: the Bank of Japan's Monetary Policy Decision will be announced, with the market currently pricing no chance of a hike, and is instead pricing for the next hike to happen in October. Japan's June unemployment rate will also be published In China, the NBS Manufacturing PMI is expected to ease seasonally from 50.3 in June to 50.1 in July

🆕New warrants over Nasdaq, HSI and Sembcorp Industries 👀See how the warrants move alongside their respective index futures/stock price! Nasdaq call KRIW: https://warrants.com.sg/tools/livematrix/KRIW Nasdaq put ERFW: https://warrants.com.sg/tools/livematrix/ERFW HSI put MXVW: https://warrants.com.sg/tools/livematrix/MXVW Sembcorp Industries call KYRW: https://warrants.com.sg/tools/livematrix/KYRW

🆕New warrants over Nasdaq, HSI and Sembcorp Industries 👀See how the warrants move alongside their respective index futures/stock price! Nasdaq call KRIW: https://warrants.com.sg/tools/livematrix/KRIW Nasdaq put ERFW: https://warrants.com.sg/tools/livematrix/ERFW HSI put MXVW: https://warrants.com.sg/tools/livematrix/MXVW Sembcorp Industries call KYRW: https://warrants.com.sg/tools/livematrix/KYRW

Markets await Big Tech verdict as chipmakers and oil take centre stage S&P 500: 7,411.98 (+0.1%) Nasdaq-100: 28,128.34 (-1.2%) DJIA: 51,947.25 (+0.5%) Eurostoxx: 6,280.94 (+1.1%) U.S. crude futures: $89.31 (-3.1%) U.S. equities closed mixed on Friday, with investors balancing rising geopolitical risks against corporate earnings expectations. Technology was the weakest sector, with chipmakers leading declines. The Philadelphia Semiconductor Index dropped 4.5%, while Intel fell 7.9%, despite issuing better-than-expected revenue and profit guidance. Investor sentiment toward the AI theme softened following Alphabet’s announcement of a significant increase in spending, raising questions over whether large investments are translating into sustainable earnings growth (Stockwits, 25 July). Markets are now focused on a pivotal week ahead, with earnings due from Microsoft, Meta, Amazon and Apple. Geopolitical developments remained a key market driver. Oil prices recovered from session lows after reports that China is pushing for renewed U.S.-Iran peace talks via Pakistan. However, crude remains elevated ahead of this week’s Federal Reserve meeting, reflecting ongoing Middle East tensions. Meanwhile, recent U.S. tariffs on imports from 60 trading partners added another layer of uncertainty (Reuters, 25 July). On the macro front, U.S. services activity accelerated in July, while manufacturing growth slowed to its weakest pace since March (Reuters, 25 July).

Earn $50 cash rewards trading warrants with CGSi, and another $150 for active warrant traders We hope attendees of last night’s fully subscribed seminar found CGSi strategist Wei Ren’snear-term trade ideas insightful and gained a deeper understanding of warrants from Macquarie’s Head of Singapore Warrants Jamie! We have a new rebate for CGSi account holders trading warrants from now until 30 September – with up to $200 in cash rewards. Find out more here: https://www.cgsi.com.sg/campaigns/warrants?lang=EN *Terms and conditions apply. The cash rewards are sponsored by Macquarie Warrants Singapore.

In an after-market announcement yesterday, Geely said that it has formed a joint venture with Ford Moto to co-develop electric cars in Spain. Ford will own two-thirds of the venture with Geely holding the remainder Analysts believe that the JV reflects a broader convergence between European carmakers seeking cheaper technology and fuller factories and Chinese groups looking for a local manufacturing foothold The European market is one of Geely's fastest growing markets Meanwhile, the rest of the Chinese EV names are mostly trading in the red today following a 16.8% drop in China's retail car sales figures (Bloomberg)