Tuesday, September 04, 2007

CWs over KLCI & HSI (error noted)

I have made a mistake in the computation of the conversion premium for HSI-C1. The error is due to the non-conversion of the RM price of the CW to the HK$ equivalent. After adjusting for this error, you can see that the HSI-C1 is actually trading at a premium of 5% (as compared to a slight discount of 0.4%). The table below gives the mid-day prices for today and the premium of the 2 CWs for indices [i.e. Hang Seng Index ('HSI') & KLCI] currently listed on our exchange.



I like to apologize for any inconvenience caused by this error.

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