New Call Warrant Maybank-CM and Airasia-CH, does it worth to buy ?

2 new call warrants, Maybank-CM and Airasia-CH, will be traded in the market on Monday, 7 September 2009

I don't really like call-warrant, reason simply as "you buy you die"
1.) Expired date too short, normally call warrant have to exercise within 1 year time so when time come you don't exercise, your hard earn money become paper..

2.) Premium killing you, you're actually buying much higher price. If you notice call warrant and warrant always have this "Premium" column which tell you actually you're paying 17.72% (maybank-cm) higher than the mother share. You're paying honda accord price but you get kancil value.

Beware ~~~

	MAYBANK-CM	AIRASIA-CH
Stock Code	1155-CM	5099-CH
Issue Price	15.5 sens	16.5 sens
Entitlement	8 Structured Warrants for 1 Maybank Share	2 Structured Warrants for 1 Airasia Share
Exercise Price	RM6.40	RM1.42
Expiry Date	1 year, 3 Sept 2010	1 year, 3 Sept 2010
Gearing	5.23 times	4.30 times
Premium	17.72%	23.24%
Additional Info:
Exercise Style	European style, ie may be exercise only on expiry date	European style, ie may be exercise only on expiry date
Exercise Amount	Minimum of 800 Structured Warrants	Minimum of 200 Structured Warrants
Issue Size	Up to 100 million	Up to 50 million
Instrument Type	Non-collateralised cash settled call warrant	Non-collateralised cash settled call warrant