Zhang Biao
Yesterday, some market rational people lamented that in the past four exercise days, investors have ( information quotation forum ) About 28600 warrants were wrongly exercised, and the cumulative loss was more than 7600 yuan. On the 29th of next month, the trading of Anshan Iron and Steel's subscription certificates, which will enter the exercise period, will be stopped Angang Steel Driven by three consecutive days of gains, the warrant gained the first place, closing up 6.51%, with the largest intraday increase of 10% to close at 3.256 yuan.
Anshan Iron and Steel Co., Ltd. reported a performance of 0.513 yuan per share in the third quarter. Yesterday's closing price was 6.54 yuan, and the current P/E ratio is only more than 6 times. The Hong Kong H share price of Angang Steel has risen like a rainbow recently, closing at HK $7.66 yesterday. Driven by this rising trend, Angang Steel is likely to rise to more than 7 yuan before the exercise date. At that time, 7 yuan minus Ansteel JTC1 ( information quotation forum ) The exercise price of Angang JTC1 is 3.386 yuan, and the intrinsic value of Angang JTC1 should be more than 3.614 yuan, which is about 10% higher than its closing price yesterday. Therefore, if the main force of the positive shares is not deliberately suppressed, Angang warrants may become the first warrants to exercise and make money, changing the outcome of the first three expired warrants returning to zero.
Other steel warrants, such as Baotou Steel, Steel Vanadium Warrants and Wuhan Iron and Steel Subscription Warrants, also rose in general under the strong performance of the entire steel sector yesterday, as the author recently wrote. The latest data disclosed by the Shanghai Stock Exchange shows that as of the 24th of this month, Shanghai Jinshan New City Construction Development Co., Ltd. has held more than 5% of the total number of WISCO subscription certificates that will expire next month, which indicates that there are some funds of a certain scale that follow QFII's lead in the steel sector and actively participate in the future trend of steel purchase. In the future, the stock index futures will be launched at the beginning of next year to make the large blue chip index stocks the target of the main institutions to actively increase their positions. The rise of the midline of these index stocks has become a foregone conclusion. Therefore, the warrants of relevant individual stocks such as Angang Steel, Baotou Steel, Handan Steel, Changdian, Guodian Subscription Warrants, etc. will have the potential to rise in tandem, and investors can pay close attention to them.
