Strong surge by covered warrants

THE covered warrants in three of the KLSE's largest companies issued by Khazanah Nasional Bhd have surged spectacularly since their Aug 4 debut but some analysts are now becoming more cautious as the covered warrants have surpassed earlier pegged fair values. 

“Investors ought to exercise some caution when considering investing in these three covered warrants. They are at least 20% higher than my fair value,'' said the head of research from a local stockbroking house.