Tuesday, November 27, 2007

New listing: CHCOAL-C1, ICBC-C5, PETROCH-C5, SINOPEC-C2

CHINA COAL (1898)
CHCOAL-C1 issued @ RM0.07; underlying share @ HKD21.90; premium 15.26%

ICBC (1398)
ICBC-C5 issued @ RM0.06; underlying share @ HKD6.03; premium 21.61%

PETROCHINA (0857)
PETROCH-C5 issued @ RM0.08; underlying share @ HKD14.66; premium 21.68%
SINOPEC CORP (0386)
SINOPEC-C2 issued @ RM0.09; underlying share @ HKD11.02; premium 11.84%

All four call warrants are anticipated to move to a premium of more than 30% (please refer to the tables for the cw prices). With Dow Jones currently surging up high, tomorrow will be a great day for these new listings. Issued with cheap pricing and low exercise prices, these call warrants are highly suitable for investors to buy and hold.

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