Malayan Banking Berhad (Maybank) Warrants
Maybank is Malaysia's largest bank by market capitalisation and one of the most heavily weighted constituents of the FBM KLCI. Its size and liquidity make it a standing warrant underlying, and its relative stability gives its warrants a different character from those on smaller, more volatile names.
Curated Malayan Banking Berhad (Maybank) warrant listings
| Underlying | Issuer | Type | Moneyness | Strike | Break-even | Eff. gearing | Premium | Expiry | Listing |
|---|---|---|---|---|---|---|---|---|---|
| Malayan Banking Berhad (Maybank)Malaysia · MAYB-CA | Macquarie | call warrant | OTM | MYR 10.5 | MYR 10.97 | 8.6× | 1.0% | 18 Dec 2026126d left | View live ↗ |
| Malayan Banking Berhad (Maybank)Malaysia · MAYB-PA | Kenanga | put warrant | OTM | MYR 9.2 | MYR 8.80 | 7.5× | 0.8% | 18 Dec 2026126d left | View live ↗ |
Curated snapshot for education only — not live pricing. Moneyness, break-even, effective gearing, and premium are Black-Scholes model estimates over each row's snapshot reference price (rate 3%, per-row sample IV) and will differ from live market values. Click "View live ↗" for the issuer/exchange's authoritative listing.
What-if scenario simulator
Pick a curated Malayan Banking Berhad (Maybank)warrant and slide the underlying move to see how the Black-Scholes model estimates the warrant's value would respond — an educational illustration of gearing, not live pricing.
+5.0%
+49.0%
- Effective gearing
- 8.6×
- Delta
- 0.0829
- Days to expiry
- 126d
Black-Scholes model estimate over the curated snapshot reference price (IV 30%, rate 3%) — illustrative education only, not live pricing or investment advice.
Price a Malayan Banking Berhad (Maybank) warrant
Try the calculator prefilled with a representative Malayan Banking Berhad (Maybank) warrant (MAYB-CA).
Open the pricing calculator →Why a large bank is a common warrant underlying
Issuers hedge a warrant by trading the underlying, so they favour shares that are liquid enough to hedge cheaply. Maybank is among the most liquid stocks on Bursa, which means issuers can quote tighter spreads on its warrants than on a thinly traded name — one of the clearest practical advantages of trading warrants on a large-cap underlying.
Lower volatility changes what you are buying
A large bank does not typically move 10% in a session. Lower expected volatility means lower implied volatility, which means less time value in the premium — the warrant is cheaper, but it also needs the share to actually move to pay off. Traders often compensate by choosing a nearer strike or a longer expiry, both of which raise delta.
Dividends matter more here than on a growth name
Malaysian banks are consistent dividend payers, and a share price drops mechanically on the ex-dividend date. Issuers build expected dividends into the pricing model at launch, so an ordinary dividend is not a surprise. The risk is assuming a call warrant will hold its value through an ex-date — the underlying step-down is real, and only a formal corporate action triggers a terms adjustment.
FAQ
Which issuers list Maybank warrants?
Maybank is a standing underlying for several licensed Bursa issuers, and more than one is usually quoting at any time. Check the current list on each issuer's own live matrix rather than relying on a static list — issues are launched and expire continuously.
Why is the bid-ask spread on Maybank warrants usually tight?
Because the issuer can hedge cheaply. Structured warrant liquidity comes almost entirely from the issuer quoting as market maker, and their spread has to cover the cost of hedging in the underlying. Maybank is highly liquid, so that cost is low and the quoted spread reflects it.
Does a Maybank dividend reduce my warrant's value?
The expected dividend is already in the price at issue. What you will see is the share price stepping down on the ex-date, which lowers a call warrant's intrinsic value in line with the model. An ordinary dividend does not trigger an adjustment to the exercise price or ratio — only corporate actions like bonus or rights issues do.
See all structured warrants or browse Malaysia warrants.