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Times News (Reporter Zhang Hong) Yesterday, Baosteel Warrant（ information quotation forum ）It continued to be hyped, with a maximum increase of 44.89%. The turnover rate reached 331.15%, reflecting the intense competition between the two sides and the strong speculative atmosphere.
Reporters learned yesterday that Guotai Jun'an negotiable securities The application for issuing Baosteel covered warrants has been submitted to Shanghai Stock Exchange. The exercise price, exercise ratio, maturity date of the proposed Baosteel covered warrants and the existing Baosteel JTB1（ information quotation forum ）Completely consistent
For investors, the value of these two warrants should be the same. Market participants believe that the issuance of new warrants will cool the excessive speculation of existing Baosteel warrants.
The cooling measures enabled Baosteel Warrants to open at only 1.35 yuan yesterday, 7% higher. After a brief dip to 1.27 yuan, they were steadily pushed higher by strong buying. However, after 2:43 p.m., Baosteel Warrants quickly fell from 1.755 yuan to 1.586 yuan, still up 25.57%.
A senior person believed that the average transaction price of Baosteel warrants yesterday was 1.65 yuan, which means that if the exercise of the right to buy the corresponding Baosteel shares one year later（ information quotation forum ）The total cost has reached 6.15 yuan (1.65+4.5=6.15). In other words, unless the market is optimistic about Baosteel in the next year and expects its secondary market price to eventually reach at least 6.15 yuan, there will be a huge bubble in warrants.
Sina statement: The content of this article is purely the author's personal view, only for investors' reference, and does not constitute investment advice. Investors operate accordingly at their own risk.
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