Make Profit By Invest Into AMMB-CD

AMMB Holdings Bhd, the holding company of AmBank Group released its audited results last Friday for 4QFY2009 ended March 31, 2009 showing a quarterly y-o-y drop in earnings of 17%. However the full year earning for FY2009 jumped 29% to RM860.82 million from RM668.54 million in FY2008.

Base on the performen, AMMB is a strong profitable bank like PBBank. Early of this year March 2009 OSK relest out AMMB-CD with the detail below:-

List Date:					20-03-2009
List Price:					RM0.1000
Expiry Date:					17-09-2010
Exercise Price:					RM2.4000
Conversion Ratio:					6.00
Warrant Type:					European Style

They are still many room for AMMB to go up back to RM 4.00 after see this share hits bottom at around RM2.00. When the mother share go up same thing will happen to AMMB-CD.

Yesterday AMMB-CD close at RM0.15 if AMMB hits back to RM4.00 so AMMB-CD base on the calculation will be RM4.00 - RM2.40=RM1.60/6=RM0.267 with 78% profit.

The expiry date is untill next year Sept so still many room for the share to move around. Now KLCI is about to go correction, and the AMMB share may drop abit if AMMB-CD drop back to RM0.100 I think it is a good time to buy in AMMB-CD to make profit in median term investment.