MHB-CC and MRCB-CF so cheap

8 new structured warrants will start trading on 8 Nov 2010:

New WarrantsExpirationTypeEx PriceRatioCall Price
SIME-JA5/8/2011BullMYR 7.600010 : 1MYR 7.9000
IJM-CE8/11/2011CallMYR 5.25006 : 1
TCHONG-CF8/11/2011CallMYR 5.90006 : 1
MHB-CC8/11/2011CallMYR 3.61004 : 1
MHB-CB3/11/2011CallMYR 4.80003 : 1 (0.17)
MHB-CA3/5/2011CallMYR 4.45003 : 1(0.16)
KENCANA-CE3/5/2011CallMYR 1.80002 : 1(0.15)
MRCB-CF3/5/2011CallMYR 2.00002 : 1(0.15)

The first four is issued by CIMB , and all issue at 0.15


while the last four is issued by OSK, and all issue at different price, why don't follow cimb leh all same price.

Kanasai.

Which one worth to buy???

IJM-CE, closing IJM = 5.53
6*0.15 = 0.9+5.25 = 6.15 so so lah

MHB-CC, closing 4.52
4*0.15= 0.60 + 3.61 = 4.21  ( So Cheap, real or not) MUST BUYYYYYYYYYYYYYY

Fair Value should be 0.2275, I never saw warrant so nice offer liao.


MHB-CB, 3*0.17 = 0.51 +4.80 = 5.31 walao so expensive, OSK think we are BODOH.
MHB-CA, 3*0.16=0.48+4.45=4.93 not so cheap



MRCB- CF also cheap, MRCB closing 2.19
2*0.15=0.3 + 2.00 = 2.30 cheap