Monday, November 12, 2007

New listing: PBBANK-CE, YTL-CE, HSI-C3, MTR-C1


Public Bank
PBBANK-CE @ RM0.54; underlying share @ RM10.70; premium 16.45%

YTL
YTL-CE @ RM0.63; underlying share @ RM7.45; premium 17.58%

Hang Seng Index
HSI-C3 @ RM0.728; HSI is currently @ 27665.73; premium 30.56%

MTR Corporation (0066)
MTRC is a leading mass transport service provider in HK with core business engaged in the ownership and operation of the Mass Transit Railway ("MTR"). It is also engaged in property development at locations relating to the railway system.

MTR-C1 @ RM0.475; underlying share @ HKD25.10; premium 25.17%

The market is currently very unstable with the sub-prime issue still lingering around. With the current level of premium on these warrants together with the current market condition, it would be wise to take whatever profit there might be tomorrow. Good luck.

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