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2009-08-10

New KNM Warrant Issue By OSK Investment Bank Berhad

OSK Investment Bank Berhad issue out a new warrant of KNM name KNM-CB and listed on Bursa Malaysia on 7 Aug 2009 with a issue price of RM0.15. The KNM-CB is as below:-

The issue price is 27.78% premium ( base on KNM price at RM0.90) and base on HwangDBS target price, KNM is RM1.10 with equal to KNM-CB RM0.125. If at the time KNM hits RM1.10 and add on the premium price into KNM-CB so the warrant price will be RM0.275.

Since KNM-CB exercise price is at RM0.85 so the warrant is about to "in the money" status. I think this warrant is profitable to buy in. However because of now KNM likely share price moving sideways for this week so I think can wait a bit for the price to drop below issue price before buy in into KNM-CB. One need to remember also is that this KNM-CB is European-style so you can not settlement on any time.


In this month they are some new warrants issued and base on the 1st day tradings the respond is good. Due to the exercise price is low and must of the investor think the market will be better before the warrants expiry so the demean is their. At the same time it also mean a profitable opportunity. Will share with you about another new warrant in another posting soon.

2 comments:

Elvis2020 August 10, 2009 at 12:05 PM  

Any warrants, investors must double check on expiry date or type. DONT BUY WARRANTS WITH LESS THAN A YEAR TO EXPIRY! You can get yourself burn for nothing....you money gone forever if out of money. But warrants are offering greatest returns compare to mother share if the market is on bullish mood. Since we are in recovery mood, the risk of loss/returns are equal note. Again, please double check on the expiry date...

Elvis2020 August 11, 2009 at 3:11 PM  

Again remisier friend told me to buy Equine. Seems that federal government wanna joint venture with private sector to build medium class houses. Big funds provided.

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My investment with RM5,000 initial capital have been growing since 2005.I found the stock market appears confusing and complicated, but it is most definitely based on logic "supply and demand". However, the laws of supply and demand as observed in the markets do not behave as one would expect. To be an effective trader, there is a great need to understand how supply and demand can be interpreted under different market conditions and how to take advantage of this Off Market Transactions in KLSE.

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