Although the risk has been repeatedly prompted, the "doomsday madness" has been staged again. The deal will be closed in two weeks China Southern JTP1 This week, the market surged sharply, with an increase of 82.82% from last Friday to yesterday. Yesterday, it closed at 0.596 yuan, and once exceeded 0.6 yuan in the session.
"It is estimated that this is the last time China Southern Airlines' put has attracted attention," said a warrant analyst at a securities firm. He believes that, like many warrants, there may be funds speculation in the later period. The exercise ratio of China Southern Airlines JTP1 is 2:1, and every two shares of China Southern Airlines JTP1 can be sold to the issuer or founder at a price of 7.43 yuan on the expiration date Southern airlines Positive shares. Based on yesterday's closing price of China Southern Airlines JTP1 of 0.596 yuan, China Southern Airlines will fall below 6.23 yuan on June 20 to have the exercise value.
It is understood that some securities companies have made several risk warnings to investors. On May 26, Shanghai Stock Exchange once again ordered the members of securities companies to do a good job of risk education for investors before the expiration of China Southern Airlines warrants, and said that it would severely punish the member units that failed in risk education for warrants. A person familiar with the matter said yesterday that in addition to the members of securities companies, the SSE also required the issuer and sponsor of China Southern Airlines JTP1, as well as the SSE itself, to publish risk warnings in prominent positions in major securities media.
The general manager of a securities firm's business department recently told China Business Daily that he required customers holding securities to be searched and visited one by one, which is also very rare in the history of SSE's requirements for securities firms, which is enough to show how much SSE attaches to the expiration of China Southern Airlines JTP1.
A brokerage account manager told the reporter that he sent short messages or made phone calls to all his customers as required, regardless of whether they held China Southern Airlines JTP1. An investor received a risk warning text message that the customer manager told China Southern Airlines JTP1 might become a piece of waste paper after its expiration, and "strongly urged everyone not to buy 580989, and suggested selling near the current price for the sake of safety".
"We have prompted investors who hold China Southern Airlines' put for three consecutive days and suggested to sell," said the manager of another brokerage business department. However, some investors who sold it at more than 0.3 yuan now regret that it has risen by more than 80% in a few days, and a large number of buybacks and cancellations by securities companies are considered to be the main reason why China Southern Airlines JTP1 has been hyped in recent days.
Since May 13 citic securities After the massive buyback, the amount of buyback cancellation of the Founder Securities Company increased almost every day. As of the closing of May 28, the circulation of China Southern Airlines JTP1 was only more than 4.2 billion. Today, another six founding securities companies announced the cancellation of China Southern Airlines JTP1, totaling 1.43 billion shares. From May 13 to 28, the founding securities companies repurchased about 8 billion shares of China Southern Airlines JTP1, with a repurchase cost of more than 3 billion yuan.
However, analysts have repeatedly reminded that it is impossible for securities dealers to raise the price by buying back. At present, the price of China Southern Airlines JTP1 is very risky. There is no value basis and short-term operation is very difficult. Investors must be cautious. Shi Renping
Related reports:
Shanxi Securities Co., Ltd. on the cancellation of the Southern Airlines put warrant company
Haitong Securities Co., Ltd. on the cancellation of China Southern Airlines put warrants
Ping An Securities Co., Ltd. on the cancellation of China Southern Airlines put warrants
China Southern Airlines is required to buy back China Southern Airlines after 80% of the sharp rise on the fourth day of put trading
610 million China Southern Airlines put shares were cancelled again, and the remaining shares were less than 5 billion
Breaking the cover of China Southern Airlines' warrant
Cancellation of the sale of China Southern Airlines in order to guarantee the exercise rights
