📰In news released overnight, it was reported by Wall Street Journal that Ford Motor and BYD are in discussions on a partnership in which Ford would import batteries from BYD to its factories outside the US, solving a key problem for Ford which needs a battery supplier as it ramps up its lineup of hybrids and pulls back from electric vehicles 🔼Nio Singapore shares are trading 1.7% higher this morning as of 925AM to USD 4.70 while trending Nio call warrant 9PGW (https://warrants.com.sg/tools/livematrix/9PGW) is up 5% to SGD 0.021. 🔊Bloomberg had reported overnight an upgraded recommendation (from Neutral to Outperform) on Nio shares from Macquarie given that fourth-quarter sales reached the high-end of guidance as strong ES8 and Firefly demand drove quarter-over-quarter growth. The analyst t

🔥This week, $BABA-W(09988)$ shares are on a 4-day 19% winning streak (as of 14 January 2026), far outperforming the Hang Seng Index's 3.2% gain and the Hang Seng Tech Index's 4% gain over the same period ✳Macquarie's trending call warrant $Alibaba MB eCW260505(WLWW.SI)$ (https://warrants.com.sg/tools/livematrix/WLWW) which had seen buying interest prior to this week's phenomenal rebound, is up more than 7 times with a 138% gain from SGD 0.047 last Thursday to yesterday's SGD 0.061 close ✴Trending put warrant $Alibaba MB ePW260703(9POW.SI)$ (https://warrants.com.sg/tools/livematrix/9POW) on the other hand, is down 44.7% to SGD 0.052 over the same period 👩‍🏫

💪Japanese stocks have kicked off the day with a strong start, as the $SGX Nikkei 225 - main 2603(NKmain)$ futures surged by an impressive 3.7% to reach 53,950 at 938AM. 🔥In the ongoing rally, the futures even crossed the 54,000 mark before pulling back slightly. 🗳This significant jump appears to reflect growing optimism surrounding reports of a potential snap election in Japan next month Macquarie's Nikkei225 call warrants $NKY 59000MBeCW260612(V3XW.SI)$ $NKY 50000MBeCW260313(TTBW.SI)$ $NKY 54000MBeCW260612(WTUW.SI)$ are amongst this morning's top warrant gainers with returns up to 29.1%, more than 7 times t

🔝Chinese food delivery companies $MEITUAN-W(03690)$ and $BABA-W(09988)$ are amongst this morning's top Chinese stock gainers with respective share price jumps of +5.6% to HKD 104.10 and +3.9% to HKD 152.20 as of 1110AM this morning 📊Notably, Meituan's share price surge is accompanied by trading volume that is more than triple its 20-day average, according to Bloomberg ✳✴ Trending call warrants tracking Meituan ( $Meituan MB eCW260505(OASW.SI)$ ) and Alibaba ( $Alibaba MB eCW260505(WLWW.SI)$ ) are clocking returns between 26% to 44% while Alibaba trending put warrant ( $Al

2⃣Tuesday: In November, US CPI - both headline and core measures - decelerated, rising by +0.2% month-on-month (MoM) and +0.16% MoM respectively, potentially influenced by methodological assumptions due to missing October data. For December, both measures are forecasted to accelerate, rising by +0.3% MoM. 3⃣Wednesday: China's export data for December is expected to rise by 3% year-on-year. Meanwhile, the New Export Orders sub-index under the NBS manufacturing PMI rose notably from 47.6 in November to 49.0 in December, the strongest since last April, signalling continued export strength. 🛒US retail sales report for November is expected to increase by +0.4% MoM, following a flat reading in October, which was impacted by weaker auto sales after the expiration of EV tax credits at the end of S

📈This morning, $BABA-W(09988)$ rebounded as much as 4.8% to HKD 149.50 as of 933AM, to pare back some losses from its 3 consecutive days of losses amounting to -6.8% 👩‍🏫Notably, Alibaba is 5.2% higher from SGX Academy Trainer Binni Ong's key support level of HKD 142 as highlighted in a post published this week on 7 January: https://warrants.com.sg/marketnews/highlight/todayhighlight/7795 ✳✴Consequently, trending Alibaba call warrant $Alibaba MB eCW260505(WLWW.SI)$ (https://warrants.com.sg/tools/livematrix/WLWW) was up as much as 35% to SGD 0.027 this morning versus yesterday's price when Alibaba rebounded 5.2% to HKD 142, while trending put warrant $Alibaba MB

Over the past month, DBS has rallied another 8% to extend its outperformance from 2025 where it finished as the 10th best performing index stock on the Straits Times Index with a 29% share price gain This year so far, the stock is up another 3% to refresh a new record high of $58.40 yesterday DBS call warrants are amongst the top performing warrants over the last 4 weeks with gains between 55% to 108% given DBS’ 8% increase. Conversely, DBS put warrants are amongst the worst performing warrants during this period with losses of 65% to 92%​​​​​​​ Elsewhere, OCBC call warrant OAEW made a 42% advancement following OCBC’s 5.9% return over the past 4 weeks, while OCBC put warrant WQPW is amongst the top warrant losers with a 80% drop. Macquarie Warrants Singapore first posted about Macquarie Re

📉 $BABA-W(09988)$ shares are leading the Chinese e-commerce sector sell-off with a 4.6% tumble to HKD 143.90 (as of 135PM) following a newly released regulation on live-streaming activities that will go live on 1 February 2026 📢China's State Administration for Market Regulation announced today that online platforms cannot force merchants to join promotion campaigns or impose unreasonable restrictions on them ⛔Live-streamers are henceforth strictly prohibited from engaging in false advertising, commercial defamation, and the sale of illegal goods and services 🤳Other e-commerce names such as $KUAISHOU-W(01024)$ (-3% to HKD 73.25) are also trading lower today on the news 🤖Specifically for Alibaba, its weak

📝Macquarie Warrants Singapore last published a Macquarie Research (MQ) report on 24 September 2025 (https://warrants.com.sg/marketnews/highlight/todayhighlight/7731) which featured an upward revision of Keppel’s target price to $9.50. 📈Since the Macquarie Warrants post, Keppel’s share price has rallied 18.4% from $8.88 to $10.51 this morning (as of 905AM), while the Keppel call warrant we mentioned in the September article $KeppelMBeCW260330(MXDW.SI)$ (https://warrants.com.sg/tools/HistoricalPerformance/MXDW) has spiked 70.5% from $0.044 to $0.075 🚫There is no put warrant available over Keppel. 🆕This morning, we are sharing MQ’s latest upward price revision for Keppel and the reasons driving the upgraded target price 👀Read more for the full art

LATEST: HSI put FBKW resumes trading on tight spreads Warrant investors may wish to note that HSI put warrant FBKW is now quoted on tight spreads with high offer liquidity of 5M units once again, following a buy back of the warrants. Hence, the warrant is no longer sold out. Feel free to call us at 6601 0289 should you have further queries on the pricing of our warrants 🚨HSI warrant investors may wish to note that Macquarie's inventory on $HSI 25200MBePW260129(FBKW.SI)$ is almost fully sold out with inventory of just 600,000 units left ↔As such, the warrant is now quoted on widened offer spreads with low offer liquidity volumes of 100K units. 🟢The bid price however, will remain fair regardless of whether it is sold out or not, and will continue

🔥 $KUAISHOU-W(01024)$ shares are up 12.8% to HKD 74.85 - its most since March 2025 - as of 1001AM on surging trade volumes that were 8 times the 20-day average at 931AM ✳Macquarie's trending Kuaishou call $Kuaisho MB eCW260505(UIJW.SI)$ (https://warrants.com.sg/tools/livematrix/UIJW) is up 7 times more - +81.5% to SGD 0.049 versus Kuaishou's 11.6% gain as of 1020AM. There are no put warrants avail over Kuaishou 🥇Bloomberg reported that Kuaishou's AI model Kling ranks the first among all the graphics and design apps in South Korea as of 2 January 2026, according to SensorTower data 🔝SensorTower's data also shows Kling ranking among the top 10 apps in markets including US, Turkey and Vietnam The website

Please note that market-making for all structured warrants will only be until 1158AM today, with the market shut for the rest of the day.   There will be no market making for all structured warrants on Thursday, 25 December 2025, in conjunction with the Christmas Day holiday.  In addition, there will be no market making for structured warrants over the Hong Kong underlyings, i.e. Hang Seng Index (HSI), Hang Seng TECH Index (HSTECH) and all Hong Kong shares listed on the Hong Kong Exchange on Friday, 26 December Market making for Singapore shares, SIMSCI, Nikkei225 and US indices will resume on Friday, 26 December while warrants tracking Hong Kong underlyings will resume on Monday, 29 December.

🔻 $KUAISHOU-W(01024)$ shares tumbled as much as 6% to HKD 62.70 this morningThe company says it has suffered cyberattacks and reported the incident to the police and related authorities 📊Trading in Kuaishou shares is at almost five times its 20-day average following the news 🔃The stock has since recovered close to half its losses, trading down 3.3% to HKD 64.50 as of 1127AM 📉Kuaishou shares have lost a total 30% since its 2 October 2025 high of HKD 92.60 🗳Analysts polled by Bloomberg have a buy consensus of 4.78/5.0 with a 12-month target price of 87.22 ✳Macquarie's trending Kuaishou call warrant $Kuaisho MB eCW260505(UIJW.SI)$ (https://warrants.com.sg/tools/livematrix/UIJW) is down 16.1% to SGD 0.026

👀See how the HSI warrants move alongside the HSI Dec futures index! ✳HSI call $HSI 26400MBeCW260226(PIGW.SI)$: https://www.warrants.com.sg/tools/livematrix/PIGW ✳HSI call $HSI 27400MBeCW260226(Z5FW.SI)$: https://www.warrants.com.sg/tools/livematrix/Z5FW ✳HSI call $HSI 28400MBeCW260226(XY0W.SI)$: https://www.warrants.com.sg/tools/livematrix/XY0W ✴HSI put $HSI 23600MBePW260226(94LW.SI)$: https://www.warrants.com.sg/tools/livematrix/94LW ✴HSI put $HSI 24600MBePW260226(EPCW.SI)$: https://www.warrants.com.sg/tools/livematrix/EPCW

❓Did you know? 🛤Macquarie’s index warrants track the underlying index futures. In this case, our S&P500 and Nasdaq-100 warrants track their respective CME-listed e-mini futures contracts during the Singapore trading hours of 915AM to 5pm. 🗓As we near the December futures expiry, our US index warrants will start tracking the March 2026 futures contracts (due to the quarterly expiring nature of US index futures), starting today. 👀To see how our trending warrants move alongside their respective futures contract, you can check out their below live matrix: ✳Trending S&P call warrant $S&P 6850MBeCW260320(KWTW.SI)$ : https://warrants.com.sg/tools/livematrix/KWTW ✴Trending S&P put warrant $S&

🔝 $BYD COMPANY(01211)$ shares surged as much as 4% this morning to HKD 101.90, trading above the HKD 100 price level for the first time since 17 Nov, while Chinese EV competitor $NIO Inc. USD OV(NIO.SI)$ shares' have tumbled as much as 7.2% to USD 5.17 as of 319PM today ✳Consequently, trending BYD call warrant $BYD MB eCW260602(VBFW.SI)$ (https://warrants.com.sg/tools/livematrix/VBFW) rose as much as 24.4% to SGD 0.056 this morning, while trending Nio Singapore call warrant $NIO MBeCW260520(9PGW.SI)$ (https://warrants.com.sg/tools/livematrix/9PGW) is down 20.4% to SGD 0.043 as of 319PM. There are no put warrants

🔥 $POP MART(09992)$ shares are up another 4.7% this morning, after rallying 6.8% the day before, to take its total weekly gains to 14.8% this week 📉Prior to this week, the stock had been sold off 31% since 16 October to trade below the HKD 200 price level last Friday ✳✴Following this week's 14.8% share price rebound, newly listed PopMart call $PopMart MB eCW260505(ELCW.SI)$ (https://warrants.com.sg/tools/livematrix/ELCW) has spiked 68.6% to SGD 0.059 as of 1007AM this morning, while trending PopMart put $PopMart MB ePW260203(NSCW.SI)$ (https://warrants.com.sg/tools/livematrix/NSCW) is down 48.2% to SGD 0.029 ✍The revival of optimism in PopMart shares may h