Thursday, July 5, 2007

Potential upside for CCCC-C1

The table above shows the expected prices for CCCC-C1 based on potential prices of the underlying share. CCCC closed at HKD 15.80 today. Its CW closed at RM0.315 cents with a premium of 6.16%.
We give CCCC a minimum target price of HKD18.00 (in 6 months).
Based on the expected underlying share price, its CW will be trading above 42 cents at zero percent premium. If you bought the CW at 31.5 cents, that's another +33% gain !

No comments: