Table 1: Changes in Call warrants' prices, underlying share prices & premium from Feb 2 to Feb 9
From Table 2 below, we can see that the majority of the CWs are trading at or below 6% (my rough guide for what's a reasonably-priced CW). Those above the 6%-mark are mostly the new CWs with a few exceptions such as Airasia-CA & -CB, MISC-CA, PLUS-CA, Proton-CA & YTL-CA.
While many CWs look very attractive, is this a good time to buy them? Is the low premium an indication of their future price expectation as well as those of their underlying shares? Only time will tell.
Table 2: Call warrants' intrinsic value & premium as at Feb 9
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