Call Warrant updates as at December 8

Call warrants have continued to rise. Their prices have increased by an average of 9.99% from December 4 while the underlying share prices have gained a mere 0.54% during the same period (see Table 1 below). From the table, you will see that the average premium has increased from 11.50% to 13.12%. The best performing call warrant is Sime-CA, which has gained 60.26% in just 4 days. The gain came from both increased premium of 15.51% as compared to 13.53% previously as well as increased intrinsic value (as the underlying share price has increased by 10.53%).

Table 1: Changes in Call warrants' prices, underlying share prices & premium from Dec 4 to Dec 8

The usual Call Warrants update is posted here for your easy reference. The cheap call warrants are highlighted in yellow while 2 call warrants that are due to expire in January 2007 (i.e. Astro-CA & Scomi-CA), have their expiry dates highlighted in pink. I have also highlighted the expiry dates of the 4 call warrants that due are to expire from February to April 2007 (i.e. BJToto-CA, Bursa-CA, IOI-CA & TM-CB) in orange.

Table 2: Call warrants' intrinsic value & premium as at Dec 8