Saturday, January 16, 2010

我们来算算 sunway-wc, ijm-wc, wct-wb合理市价.

我们来算算 sunway-wc, ijm-wc, wct-wb合理市价.


15-1-2010 闭市价
Sunway = RM1.47
Sunway-wc = 57.5sen
Ijm = RM4.70
Ijm–wc = RM1.19
Wct = RM2.75
Wct-wb = 58en.


sunway-wc 转换价 RM1.30 expire date 4-3-2014

RM1.30 的 25% = 32.5sen
RM1.47 – RM1.30 = 17sen
32.5sen + 17sen = 49.5sen

因此,如果依据母股 15-1-2010闭市价,
sunway-wc 当下的合理市价是 49.5sen.


Maybank Investment Research 给Sunway 目标价 RM1.90,
RM1.90 – RM1.30 = 60sen
32.5sen + 60sen = 92.5sen

因此, 如果依据Maybank Investment Research 给Sunway 的目标价 RM1.90,
sunway-wc的目标价= 92.5sen



ijm-wc 转换价 RM4.00 expire date 24-10-2014

RM4.00的 25% = RM1.00
RM4.70 – RM4.00 = 70sen
RM1.00 + 70sen = RM1.70

因此,如果依据母股 15-1-2010闭市价,
Ijm-wc 当下的合理市价是 RM1.70.


Maybank Investment Research 给ijm的目标价 RM4.50,
RM4.50 – RM4.00 = 50sen
RM1.00 + 50sen = RM1.50

因此, 如果依据Maybank Investment Research 给ijm的目标价 RM4.50,
Ijm-wc的目标价 = RM1.50



15-1-2010 闭市价Ijm–wc 才 RM1.19,
因此,Ijm–wc is undervalued, 它被市场低估了。




wct-wb 转换价 RM3.00 expire date 22-4-2013

RM3.00的 25% = 75sen
RM2.75 – RM3.00 = -25sen
75sen + -25sen = 50sen

因此,如果依据母股 15-1-2010闭市价,
wct-wb 当下的合理市价是 50sen.



Maybank Investment Research 给wct的目标价 RM3.30
RM3.30 – RM3.00 = 30sen
75sen + 30sen = RM1.05

因此, 如果依据Maybank Investment Research 给wct-wb 的目标价 RM3.30,
Wct-wb的目标价= RM1.05


我算凭单, 25%的转换价是 凭单的 溢价(不知这叫作溢价对吗?错请指点,tq),
有些人是用 30%的转换价。

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