Congratulation for those who read the blog on 27 June!
HKEx-C1 was at RM1.24
Now is trading at RM1.94! Is on track to reach the TP of RM2.08.
HKEx is trading at HKD 125.80 now (11.10am)
At current price, you are paying merely 1.90% premium to the mother price!! STill very attractive!!! HKEx is defenitely benefited from the QDII money flows, and more big China corporations queing for listing in HK Exchange. It can be seen by the increasing average daily volumes and the performance of the H shares!
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 .
1 comment:
Thanks for the coverage on HKEx. I entered quite late but still think there's good upside potential for HKEx. It could easily become a takeover target of the European or US bourses or a target for equity interests/strategic holdings. Valuation wise, HKEx seems undemanding despite being pegged at the TP of 29x EPS '08 by Goldman Sachs. Commodity exchanges in US (mainly riding on the commodities boom from China, trade at easily 50/60x PE.
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