Monday, November 28, 2005

#939 China Construction Bank

After briefly trading below issue price, CCB has moved up slowly but surely to HK$2.60. The first warrants on CCB will be traded on 19 December 2005, and I expect the price to move up. Remember the performance of Bank of Communications when the warrants are traded?

(Note: I own CCB shares)

#823 LINK REIT

The performance of the Link REIT is over and above all expectations. This morning the high is $12.10, and currently $12.00. For retail clients, this is a $2.30 profit assuming no interest costs. Not too shabby for a punt.