The first 2 CWs i.e. AMMB-CA & Bursa-CD were issued at premium comparable to similar CWs and, as such, they are likely to trade at only a small gain to their IPO price. The market will be looking forward to the third CW i.e. Digi-CA. Digi, which has become a darling stock amongst investors looking for strong growth & good dividend payout, has seen its share price rising to a level that is out of reach for many retail investors. Digi-CA may offer a good alternative to the underlying share. Nevertheless, Digi-CA will not come cheap as its premium, basing on its IPO price, is at a whooping 22%. Then again, less attractive CWs were issued in the past few weeks that traded at even higher premium. So, I do not rule out Digi-CA having a good showing tomorrow, especially in an environment where our KLCI is knocking at the all-time high.
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