Edukasi Dasar Waran Terstruktur DR - PT RHB Sekuritas Indonesia

Summary

This video introduces structured warrants as a financial product on the Indonesian Stock Exchange (IDX). It explains how structured warrants provide investors with leverage, enabling them to gain exposure to underlying stocks like those in the IDX30 index with minimal capital. The video outlines the benefits, risks, and how to select and monitor these products, emphasizing liquidity and how their value is tied to the performance of the underlying assets. It also highlights the tools available on the platform for analyzing, calculating, and tracking structured warrant movements and returns.

Takeaways

• 😀 Structured warrants are securities issued by securities companies, offering an opportunity to leverage underlying stock performance with lower capital investment.
• 😀 The main advantage of structured warrants is leverage, allowing investors to potentially earn higher returns with minimal capital, but the risk also increases.
• 😀 Structured warrants are cash-settled and are not subject to dilution, ensuring the investor's position remains intact in terms of shareholding dilution.
• 😀 Liquidity providers make transactions in structured warrants easier, ensuring continuous market liquidity and the ability to trade large volumes without concerns about liquidity.
• 😀 Investors should first analyze the underlying stock when choosing structured warrants; a bullish view would prompt using a 'call' warrant, while a bearish view would suggest a 'put' warrant.
• 😀 Pay attention to the expiration date of structured warrants, as they cannot be traded after expiration. The time value decreases as the expiration date approaches.
• 😀 Structured warrants tend to become more volatile and aggressive as their expiration date nears, and their leverage effect generally increases as they get closer to expiry.
• 😀 Price monitoring is crucial, with liquidity providers quoting bid and ask prices in the market. The bid price becomes a more significant reference than the last price for investors.
• 😀 The website Indonesia.co.id offers comprehensive tools for analyzing structured warrants, including a search feature, detailed data on each warrant, and a calculator for hypothetical price movements.
• 😀 Investors can use tools like the warrant matrix and online calculators to simulate potential price movements and assess profitability in different scenarios based on stock price predictions.
• 😀 Structured warrants are regulated by the OJK, KSEI, and KPEI, ensuring investor protection and transparency in the trading process within the Indonesian stock market.

Q & A

What is a structured warrant?

A structured warrant is a security issued by a securities company that gives the holder the opportunity to benefit from the performance of an underlying stock with lower capital. The settlement is made in cash at a set price and date.

Why should investors consider trading structured warrants?

The main advantage of structured warrants is the leverage they provide, allowing investors to gain a higher return on investment with minimal capital. However, the risk also increases due to this leverage. The product is liquid, and there are no dilution effects due to liquidity providers, making it easier to trade anytime in the secondary market.

What role do liquidity providers play in the trading of structured warrants?

Liquidity providers ensure that structured warrants are tradable at any time by providing continuous buy and sell prices. They help maintain liquidity even for large transactions.

How should an investor choose the right structured warrant?

An investor should first analyze the underlying stock. If they believe the stock will rise, they should choose a Call warrant (Kol). If they expect the stock to fall, they should select a Put warrant (Food). Additionally, investors must consider the expiry date, as structured warrants cannot be traded after they expire.

What happens to a structured warrant as it nears its expiration date?

As a structured warrant nears its expiration date, its time value decreases, and it may become more volatile. Warrants that are close to expiration typically experience more aggressive price movements compared to those with longer tenors.

How is the price of a structured warrant determined?

The price of a structured warrant is influenced by the underlying stock's price movements. It follows an automatic calculation based on the Black-Scholes valuation model, though there may be instances where trading does not occur for a period, causing the last price to not reflect the actual market price.

What should an investor focus on when monitoring the price of a structured warrant?

While the last price is commonly referred to, the bid price is more important for structured warrants. The bid price shows the price at which the liquidity provider is willing to buy, reflecting the market value more accurately.

What online resources are available to learn more about structured warrants?

The website Indonesia.co.id offers a comprehensive set of online tools for learning about structured warrants, including a search function for viewing all listed warrants, detailed information on each warrant, a calculator for estimating potential returns, and a matrix for predicting price movements.

How can investors use the structured warrant calculator effectively?

The structured warrant calculator allows investors to simulate different scenarios by forecasting how the price of an underlying stock might change and what the potential profit would be from purchasing a structured warrant. This tool helps investors make more informed decisions based on stock movements.

What are the key features of structured warrants that make them attractive to investors?

Structured warrants provide high leverage, low initial investment, liquidity, and the ability to trade at any time in the secondary market. They also offer the chance to participate in the performance of stocks in the IDX30 index under the supervision of the OJK, KSEI, and KPEI.