Expect high open today, as US Markets had huge rally yesterday. For short-term gains, focus on HK stock-warrants. I will prefer Petroch-C1, Shenhua-C1, Sinopec-C1 & Cnooc-C1.
For long-term gains, continue to focus on plantation stocks.
In addition, Google-C1 is listed today.
Ratio : 3000 to 1
IPO Price : RM 0.11
Exercise Price : USD 680
Expiry Date: 6-6-08
Mother Share (as closed on 13-Nov) : USD 660.55
Current Premium : 17.9 %
Current Gearing : 6.69
My Remarks: Depends on how you value it based on market behaviour. Most likely it will trade higher than IPO Price this morning, but in the long run, Google mother share needs to be
USD 778 to reach in-the-money, assuming warrant price is RM 0.11 . So depends on how you see Google in the long run, if you believed Google will reach above USD 778, you can rush in and buy. For me...hehe.....no comments.
For addition info, I received news from my friend that more HK-warrants coming up (Sinopec, Petrochina, China Coal, ICBC ) all issuing IPO of less than RM 0.10, and *WAIT*, Toyota from Japan is also listing on Bursa as warrants soon. Our KLSE is now becoming very 'globalization'. Expect shares from London, Australia to Brazil to South Africa listing as warrants in the near future too ...*snicker*
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