Hutchison Whampoa CW (HWL-C1) is having a 4.26% premium, whilst Industrial and Commercial Bank of China CW(ICBC-C3) is having a 8.07% premium. ICBC-C1 which was listed earlier, is currently trading at 10.16% premium. By applying the same premium of 10% to ICBC-C3, its price would be around 15.5 cents, a 15% gain in price.
HWL-C1 would be the more attractive one between the two. Hutchison Whampoa Limited (0013.HK) has surged a massive HKD4.95 (+6.342%) closing at HKD83.00 last Friday. Taking a 10% premium, HWL-C1 will be trading at about 60.5 cents. That's a whopping 53.94% gain in price!
Keep an eye on its underlying share (0013.HK) on the HK side, just in case it moves up again.
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