New listing: CHCBC-C1, CHMERCH-C1, HKEX-C4, ZIJIN-C1

Since the issue price of the warrants are cheap and given the bullishness of the HK market, I will set a premium of 20% to estimate the trading price of the CWs tomorrow.

China Construction Bank (0939)

CHCBC-C1 @ RM0.10 ; underlying share @ HKD7.30 ; premium 13.14%

We set a premium of 20%, the price of the call warrant would be RM0.14 (+4cents / 36% gain in price)

China Merchant Holdings (0144)

CHMERCH-C1 @ RM0.10 ; underlying share @ HKD45.45 ; premium 20.34%
We set a premium of 20%, the price of the call warrant would be RM0.10 (no gain in price)

Hong Kong Exchange (0388)

HKEX-C4 @ RM0.11 ; underlying share @ HKD252.60 ; premium 11.07%
We set a premium of 20%, the price of the call warrant would be RM0.16 (+5cents / 45% gain in price)

Zijin Mining (2899)

ZIJIN-C1 @ RM0.07 ; underlying share @ HKD13.36 ; premium 5.68%
We set a premium of 20%, the price of the call warrant would be RM0.11 (+4cents / 59% gain in price)