Baosteel warrants bite
http://www.sina.com.cn 06:16, August 18, 2006 Sichuan News - Chengdu Business Daily
Baosteel Warrant after this newspaper continuously warned of the "doomsday round" risk ( information quotation forum ) (580000, closing 0.341 yuan yesterday), Vanke ( information quotation forum ) The warrant (038002, closing at 0.051 yuan yesterday) finally showed its ferocious face, and both fell sharply.
Yesterday, Baosteel's warrants fell by 32.34%, and the trading volume increased to 2.132 billion, the third largest in history. The price of warrants also hit a new low since listing; Vanke Warrants fell 16.39%, leaving only 5 cents and 1 percent.
Analysts pointed out that even after yesterday's sharp fall, the risk of the "doomsday round" is still very big, and the operation should be resolutely avoided.
Speculate funds to flee crazily
Yesterday, the share price of G Vanke was 6.22 yuan, which was impossible to fall to the exercise price of 3.638 yuan on September 4. Therefore, the price of Vanke warrants is 0. Once September 4 passes, Vanke warrants will become a piece of waste paper, and yesterday it was worth 0.051 yuan. The holder can also recover some funds by selling it as soon as possible.
At the same time, Baosteel's warrants are still very risky. Yesterday's massive decline was obviously due to the voluntary flight of funds. In the short term, Baosteel's warrants are likely to accelerate their decline.
Baosteel shares More noteworthy
citic securities ( information quotation forum ) Researcher Wang Zhuo believes that instead of focusing on the risky Baosteel warrants, it is better to focus on the regular stock G Baosteel ( information quotation forum ) (600019, closing 4.12 yuan yesterday).
If Baosteel warrants want to make a comeback, they can only hope that the regular stock G Baosteel will rise sharply. According to the closing price of G Baosteel yesterday, the current warrant price can only be supported when G Baosteel's share price reaches 4.541 yuan. Yesterday, G Baosteel fell 0.72% to close at 4.12 yuan. In this way, G Baosteel needs to rise by 10.22%, which is a ceiling.
Wang Zhuo predicted that G Baosteel only needs a small increase to make profits. When the share reform was carried out, it promised to pay high dividends in the last two years. The current price has basically fallen. Reporter Mao Jinnan
