Ethnic securities: seize the opportunity of expiring warrant

Ethnic Securities Huang Changqing

Thursday, Yuntianhua CWB1 was listed for trading, and the trading limit was closed at the beginning of the trading, but it failed to open until the closing. There were few transactions throughout the day, and the total turnover was only 22.83 million yuan, indicating that investors were reluctant to sell because they continued to be optimistic.

The warrants continued to rebound driven by the positive shares. Considering the strong expectation of the overall listing concept of power, we suggest that investors can choose some power warrants in the near future, such as Changdian CWB1 and Guodian JTB1 。

Put warrants were reduced across the board, and none rose, but the adjustment was not significant, Baotou Steel JTP1 The decline was 5.85%, leading the decline. Considering that Baotou Steel JTP1 is about to expire, and the current depth price is up to 116%, we suggest that investors avoid the risk of Baotou Steel JTP1 in the near future.

Recently, during the "two sessions", tap water, gas, etc public utility The price rise of such resources, as well as environmental issues such as sewage treatment, have become the focus. and First JTB1 Underlying securities of Capital stock It is the leader in the domestic sewage treatment field. At present, it has many sewage treatment enterprises such as Gaobeidian Effluent Treatment Plant Phase I and Phase II, Jiuxianqiao Sewage Treatment Plant, etc. When all the sewage plants reach the capacity, the sewage treatment capacity will increase from the current 1.2 million tons/day to 2.1 million tons/day, accounting for more than 90% of the Beijing market. As Beijing will hold the Olympic Games in 2008, the local government plans to achieve a sewage treatment rate of more than 80% in 2008, which will be gradually implemented as 2008 approaches.

While the market is still rising in shock, Capital Stock and Capital JTB1 have reached new highs in the near future on Thursday, and their recent trend is obviously stronger than the index; With the further rebound of the market, Capital Stock and Capital JTB1 are expected to accelerate their rise. A total of 255 million copies of the first JTB1 were created, of which 195 million were created by securities companies that had not yet been written off; As the first JTB1 will stop trading and enter the exercise period in the middle of April, the securities dealers that have not been cancelled will have the obligation to exercise their warrants to the warrant holders. Therefore, once JTB1 is initiated for callback, securities companies may be eager to repurchase and cancel, and there will be more opportunities for investors to focus on in the near future.