📢Last Friday after market, BYD announced a steeper-than-expected decline of 38% in fourth-quarter (4Q) earnings to 9.3 billion yuan 📉The company saw its first annual profit drop in four years, down 19% to 32.6 billion yuan, and a revenue growth of 3.5% - its smallest in six years, despite outselling Tesla globally in 2025 🔻Its closely watched gross margin shrank to a three-year low of 17.7%, down from 19.4% in 2024 🚫🥇Sales have slumped in the first two months of this year, and after dominating the Chinese market for years, BYD has now ceded the top spot to Geely (Bloomberg) 🔃The shares gapped down 5.3% yesterday morning, before ending just 0.9% lower for the day at HKD 105.60 after its analyst briefing yesterday 🌐In yesterday's analyst briefing, BYD said that exports this year will probabl

📉As stocks continue to sell off this morning given the entry of Iran-backed Houthi forces entering the conflict and an expanded US military presence, leading crude oil to climb back above the US$100 mark, one can’t help but wonder, are certain markets over-penalised? 📰Financial Times have painted China as one of the winers from the ongoing Iran war. If so, what does this mean for China’s equities? ✍Macquarie Sales and Trading’s (S&T) addresses this question in a report published today on 30 March 2026 👀Read on for important disclaimers The below communication has been prepared by Sales and Trading (S&T) Personnel at Macquarie and is not a product of the Macquarie Research Department.  For important disclosures relating to this communication, please see: www.macquarie

🎉 Selamat Hari Raya Aidilfitri Maaf Zahir dan Batin 🌙 Macquarie Warrants Singapore would like to wish Selamat Hari Raya Aidilfitri to all those who are celebrating. 🌺 Happy holidays!

👁Fear in the market…opportunity in this Singapore stock? https://www.youtube.com/watch?v=bNlvRfWMCp8 ✳The warrants mentioned on the show were: Yangzijiang call UJUW: https://warrants.com.sg/tools/livematrix/UJUW 🔧Warrant tools mentioned to simulate warrant returns over time: Historical Performance: https://warrants.com.sg/tools/HistoricalPerformance Warrant Calculator: https://warrants.com.sg/tools/warrantcalculator Live Matrix: https://warrants.com.sg/tools/livematrix * This show is sponsored by Macquarie Warrants Singapore and the views of speaker Joey do not represent that of Macquarie’s

🕘Macquarie’s index warrants track the underlying index futures. In this case, our S&P500 and Nasdaq-100 warrants track their respective e-mini futures listed on the CME during the Singapore trading hours of 9AM to 458pm 🗓As we near the index futures’ expiry, our US index warrants will start tracking the June 2026 S&P500/Nasdaq-100 futures contracts starting today. See how the warrants move alongside their respective futures contract by referring to their Live Matrices: https://warrants.com.sg/tools/livematrix

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 appears to have found support above the $6.50 level. 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: https://warrants.com.sg/marketnews/highlight/todayhighlight/7834 *This article is sponsored by Macquarie Warrants Singapore. Binni’s views does not represent that of Macquarie’s

– Nikkei extended its slide, falling for a third straight session on Monday; the Nikkei 225 is down 1.3% to 53,138.42 at midday break for the Tokyo Stock Exchange. – Index has now dropped over 9% since U.S. and Israeli air strikes on Iran began more than two weeks ago, with the conflict spreading regionally and disrupting petroleum shipments via the Strait of Hormuz. – Brief intraday rebound followed comments from U.S. President Trump, who said he is urging other nations to help secure shipping routes. – Japan is unlikely to deploy naval vessels, per PM Sanae Takaichi, reinforcing concerns over prolonged energy supply risk (Reuters, 16 March). – Yen weakened toward 160/USD, prompting Finance Minister Satsuki Katayama to signal readiness for decisive market action (dpa-AFX, 16 March). – Ris

📊 See how the put moves alongside HSI March futures: 🔗 Put 96LW: https://www.warrants.com.sg/tools/livematrix/96LW

📌 See how they alongside the S&P 500 index futures! 📈 Call S&P 7000MBeCW260918 (ITEW) : https://www.warrants.com.sg/tools/warrantterms/ITEW 📉 Put S&P 5800MBePW260918 (9GPW) : https://www.warrants.com.sg/tools/warrantterms/9GPW

💎Crude palm oil play $Wilmar Intl(F34.SI)$ r is one of the rare stocks that traded in the green amid the broad market carnage since the outbreak of the Middle East war ✳The stock is up 4.3% this month, while trending Wilmar call warrant $Wilmar MB eCW260630(ZFIW.SI)$ (https://warrants.com.sg/tools/livematrix/ZFIW) has climbed 15.4% to SGD 0.015. There are no trending put warrants available over Wilmar ↔Tensions in the Middle East have led to a sharp narrowing of the palm oil-gas oil (PO-GO) spread, increasing the likelihood of Indonesia implementing their B50 grade of palm oil-based biodiesel (Reuters, 9 Mar) 🌪Additionally, chances of an El Niño developing in 2H26 appear to be rising, with estimates

🛤Macquarie's index warrants track the movement of the index futures. In the case of Nikkei225 Index warrants, they track the Nikkei225 futures contract listed on SGX. As the current March futures contract approaches its expiry this Friday, Macquarie's Nikkei225 Index warrants will switch to follow the June futures from today. 👀See how our trending $Nikkei 225 Index(N225.JP)$ warrants move alongside the June futures contract here: ✳Call $NKY 59000MBeCW260612(V3XW.SI)$ : https://warrants.com.sg/tools/livematrix/V3XW ✴Put $NKY 47000MBePW260612(FRDW.SI)$ : https://warrants.com.sg/tools/livematrix/FRDW

This morning, Japan's $Nikkei 225 Index(N225.JP)$ leads the Asian market rebound with a 4% gain to 54,620 as of 925AM after crude oil fell below the USD 90 level (after trading within whiskers of the USD 120 level yesterday morning) on the back of US President Trump's signal that the ongoing conflict with Iran would resolve “very soon” Trump said that he did not believe the conflict would be over this week, but insisted the operation was ahead of schedule Call warrants across various stocks and indices rose as much as 120% this morning on the broad market rebound ​​​​​​​ Meanwhile, cross-asset volatility showed little sign of easing — with a market risk indicator hovering near levels seen when Trump unveiled global tariffs last year (

See how the new HSI call and put warrants follow the movements of the HSI futures index, live: ✳Call $HSI 26800MBeCW260429(5V2W.SI)$ : https://warrants.com.sg/tools/livematrix/5V2W ✴Put $HSI 22800MBePW260429(NDJW.SI)$ : https://warrants.com.sg/tools/livematrix/NDJW

🔃Markets are paring some losses, led by the $Hang Seng Index - main 2603(HSImain)$ March futures that has bounced 2% from its morning low of 24,700 to trade 1.7% lower at 25,144 🔺Some Hong Kong stocks such as $BYD COMPANY(01211)$ (+2%, HKD 96.60) and $MEITUAN-W(03690)$ (+1.6%, HKD 78.10) are even trading in positive territory as of 145PM 📰The bounce comes on the back of news reported by the Financial Times that the Group of Seven finance ministers will discuss a possible joint release of oil from reserves co-ordinated with the International Energy Agency 📞Three G-7 countries, including the US, have reportedly expressed support for the strategy, with the mi

📉With today's carnage in markets, 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-of-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. HSI March call $HSI 28200MBeCW260330(OWIW.SI)$ (https://warrants.com.sg/tools/livematrix/OWIW) 👉Investors interested in buying should consider warrants on tight spreads instead e.g. HSI April call

🏆Macquarie Warrants Singapore has been crowned SGX Top Structured product Issuer for 2025! This is our 13th award to date, received in our 20th year operating as a warrant issuer in the Singapore market. ✌Our focus since 2005 has always been twofold: providing high quality liquidity and fair pricing, while working hand in hand with the exchange and brokers to raise the bar for investor understanding. 🌹A big thank you to all who have supported Macquarie Warrants!

👁The replay is now up! https://www.youtube.com/watch?v=bNlvRfWMCp8 ✳The warrants mentioned on the show were: Yangzijiang call $YangzijiMBeCW260630(UJUW.SI)$ : https://warrants.com.sg/tools/livematrix/UJUW 🔧Warrant tools mentioned to simulate warrant returns over time: Historical Performance: https://warrants.com.sg/tools/HistoricalPerformance Warrant Calculator: https://warrants.com.sg/tools/warrantcalculator Live Matrix: https://warrants.com.sg/tools/livematrix * This show is sponsored by Macquarie Warrants Singapore and the views of speaker Joey do not represent that of Macquarie’s.

📝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

💫 $ST Engineering(S63.SI)$ 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