Monday, October 26, 2009

COE Prediction - November 2009 1st Bidding Exercise

The oversubscribed rate for the October 2nd bidding exercise was 34% for Category A, 21% for Category B and 85% for Category E (Open) COEs. I think that the quota premium for Category B will breach the $20K mark in the next bidding exercise. Category A quota premium should raise modestly too.

Prediction on October 26:
Category A: $19,000-20,000
Category B: $20,000-21,000

Verdict on November 4:
Category A: $16,747
Category B: $18,389

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