The exercise price of YTLP-WB dropped to RM1.14 from RM1.21. This is a 0.07 reduction in exercise price. YTLP-WB is trading @ 0.55, that's like getting a dividend worth 13%!
After all the news about 1MDB getting project 3B, this is not such a bad news for WB holder.
Today's price:
WB @ 0.545
Exercise @ 1.14
Total price = 1.685
YTLP price = 1.59
Premium = 0.095 or 6%.
Given the long expiry date @ 2018, the 6% premium is quiet fair to me.
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