SPSETIA-WB a bargain...

Well, I have to bring this up.... SPSetia, target price beyond RM7.60 but its warrant is only RM1.54 which translate to a discount of 15% at least... why is that so?
Now is this a situation of market efficiency issue or is there something in the pipeline about SPsetia that the public are not aware of which keeps the warrant from matching its worth?

If you are familiar with the industry, some people are starting to say the property market is cooling down with the high oil price and rising inflation in the emerging market and blah blah...
hey, the housing market might not be able to distance itself from the risk aversion the the general public may have due to the unrest in mid east and Arab region... but the growth we see in the world economy in general is very much intact and US in particular is very encouraging...
today we say the world economy recovery risk being put to halt due to the above issues, tomorrow things may change... perhaps Ghaddafi finally relented and step down and Arab manage to reverse the dissatisfaction of its people by offering cash distribution and more job creation as well as wealth sharing....

My point is, we're on track to grow and equity is certainly the better way to grow your money if not the best bet... SPsetia will certainly lead the recovery of the KLCI... hence at 2013 expiry, its warrant certainly have future (lots of it) in my opinion.

On a separate note, DRBHCOM is moving up.... :) Good job to those who bought in during the low.... this is just the beginning...