Monday, July 30, 2007

New listing: SHENHUA-C1, CNOOC-C1, CHALCO-C1

China ShenHua (1088) closed at HKD 30.75 ;
ShenHua-C1 is currently at 21.71% premium.
Price expectation: Not much upside, as it is already having a high premium. You can hope to sell at 12.5 cents, but do not put too high hopes.

CNOOC (0883) closed at HKD 9.09 ;
CNOOC-C1 is currently at 17.78% premium.
Price expectation: Since the Dow is looking good now, it could probably gain 1.5 cents (+15%).

CHALCO (2600) closed at HKD 16.67 ;
CHALCO-C1 is currently at 16.67% premium.
Price expectation: Same as CNOOC-C1, probably a 1.5 cents gain too (+15%).

1 comment:

mashimaro2 said...

Hi, dragonzone..

This is my first time to log in your blog. It's nice.

I have long in the CNOOC-C1 since it was listing. Unfortunately, the global market are huge effect with US credit/ mortgage problem.

Hence, my CNOOC-C1 is suffer. May i know what is ur view with this cw and the underlying share?

Do not hestitate to drop an email to me. Thanks .

vonsiong84@yahoo.com