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How to Read a Warrant Name on Bursa Malaysia

How to decode a Bursa Malaysia structured warrant name — underlying, call/put, series number, issuer codes, and what each part of the ticker tells you (and what it doesn't).

By warrants.asia Editorial Team · Published July 20, 2026

The structure of a Bursa warrant name

Every structured warrant listed on Bursa Malaysia follows a naming convention that encodes three pieces of information: the underlying, whether it's a call (C) or put (P), and a sequence number that distinguishes it from other warrants the same issuer has listed over the same underlying. For example, MAYBANK-CA means a call warrant (C) on Maybank, series A; TENAGA-PB means a put warrant (P) on Tenaga Nasional, series B.

The naming convention is designed to make warrants scannable — you can immediately see the underlying and direction from the ticker alone, which is useful when scrolling through a list of hundreds of active warrants. But the name does not tell you the strike price, expiry date, conversion ratio, or issuer — all of which matter far more for your trading decision.

What the warrant name does NOT tell you

The series letter (A, B, C…) is simply a sequential identifier — it does not indicate the strike, expiry, or any measure of quality. MAYBANK-CA and MAYBANK-CB might have very different strikes, expiries, and issuers. Two warrants with similar names can have completely different risk profiles.

This is a common source of confusion for beginners: two call warrants on the same underlying with sequential names might differ by months in expiry, ringgits in strike, and multiples in gearing. Always check the full listing details — underlying, strike, expiry, conversion ratio, issuer — before trading. The name is a label, not a specification.

Index warrant naming on Bursa and HKEX

Index warrants (HSI, HSTECH, Nikkei) follow a similar convention but use the index abbreviation as the underlying prefix. On HKEX, derivative warrants and CBBCs use a numeric stock code rather than a name-based ticker, so the naming system is entirely different — the relevant exchange's listing document is the only authoritative source for the warrant's terms.

Whether on Bursa or HKEX, the naming convention is a convenience for identification, not a substitute for reading the term sheet. Use issuer search tools (linked from each issuer's page on this site) to filter by underlying, strike, expiry, and issuer — these tools are more reliable for finding the right warrant than scanning ticker names.

Try it: decode a warrant code

Warrant code

MAYBANK-C1

Underlying

MAYBANK

The stock or index the warrant tracks.

Type

C = Call warrant

Gains value when the underlying rises above the strike.

Series

A sequential label only — it says nothing about strike, expiry, or quality.

Exact naming conventions vary by issuer and exchange — always check the term sheet for the warrant's actual strike, expiry, and conversion ratio.

FAQ

How do I read a Bursa Malaysia warrant name?

A Bursa warrant name has three parts: the underlying (e.g., MAYBANK), C for call or P for put, and a series letter (A, B, C…). So MAYBANK-CA = call warrant on Maybank, series A. But the name doesn't include the strike, expiry, or issuer — always check the full listing.

Does the series letter in a warrant name indicate which is better?

No — the series letter is a sequential identifier. MAYBANK-CA and MAYBANK-CB may have completely different strikes, expiries, and issuers. Compare the actual terms (strike, expiry, gearing, premium), not the letter.