CWs for HK stocks as at October 29, 2007

On Monday (October 22), four new CWs were listed. They are CHCBC-C1, CHMERCH-C1, HKEX-C4 & ZIJIN-C1. These are all Non-collateralised American-style Cash-settled Call Warrants and they were issued by OSK.

The new CWs are highlighted in blue. The cheaper CWs (with premium of less than 4%) are highlighted in green while those with premium exceeding 10% are highlighted in pink. In particular, investors should be very careful with CHMERCH-C1, HKEX-C4 & ZIJIN-C1 as they are trading at premium approaching or exceeding 40%!

Readers should note that there was an adjustment to ANGANG-C1 due to a Rights Issue of 2.2 new shares for every existing 10 shares owned. As the list is getting longer & changes are made from time to time (such as ANGANG-C1), I would advise you all to verify the numbers for your own usage.