Wednesday, June 27, 2007

HKEX-C1 (0505C1) is very attractive!!!

HKEx TP is HKD130,
Exercise Price =RM37=HKD83.15(Exchange Rate=HKD1=RM0.445)
Ratio=10:1
Expiry date=13/1/2008
TP for HKEx-C1 =HKD(130-83.15)/10=HKD4.685=RM2.08

This provides 68% upside from current price of RM1.24.

HKEx-C1 defenitely is a good bet!

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