PCHEM CA 请谨慎对待！

蚂蚁小弟

阻人发达如杀人父母，不过小弟还是希望大家谨慎对待刚上市的这个CW
转换价RM5，而兑换比例是5对1
以现在0.395计算，就是用6.975买入PCHEM （PCHEM目前交易价格5.53）
值得吗？见仁见智。
谨慎，谨慎！

以下是转贴CW的资料：  
5183CA    PCHEM-CA    PCHEM-CA CW PETRONAS CHEM(O)  
Listing Information & Profile for Structured Warrants  

Instrument Type : Structured Warrants
Type of Structured Warrants : Call Warrants
Description : NON-COLLATERALISED CASH SETTLED EUROPEAN-STYLE CALL WARRANTS
Underlying Stock : PETRONAS CHEMICALS GROUP BERHAD
Issuer : OSK INVESTMENT BANK BERHAD
Stock Code : 5183CA
Stock Short Name : PCHEM-CA
ISIN Code: MYL5183CAL89
Board : Structured Warrants
Sector : INDUSTRIAL PRODUCTS
Initial Listing Information :
  Listing Date : 03/12/2010
  Term Sheet Date : 02/12/2010
  Issue Date : 02/12/2010
  Issue/ Ask Price : MYR 0.1500
  Issue Size in Unit : 90,000,000
Maturity Date : 01/08/2011
Exercise/ Strike/ Conversion Price : MYR 5.0000
Revised Exercise/ Strike/ Conversion Price : MYR 0.0000
Exercise/ Conversion Ratio : 5:1
Revised Exercise/ Conversion Ratio :
Settlement Type/ Convertible into : Cash
Name and contact details of the market maker (if applicable) : OSK Investment
Bank Berhad
Derivatives & Structured Products
21st Floor, Plaza OSK
Jalan Ampang
50450 Kuala Lumpur
Telephone no.        : (603) 2162 0288
Facsimile no.        : (603) 2163 4836
Circumstances under which the market maker may not be able to provide quotes
(if applicable) : Please refer to Section 5.4 of the Base Prospectus dated 30
December 2009 and Section 3.1 of the Term Sheet dated 2 December 2010
Remarks :

兰州烧饼

看看OSK自己多么矛盾。自己的研究报告TP RM5.51，那边出warrant 的转换价RM6.975。
看清他们抢钱的嘴脸吧。

http://www.i3investor.com/jsp/incl/ptdet.jsp?ptnip=5071


KUALA LUMPUR: OSK Research is maintaining its Neutral call on Petronas Chemicals Group Bhd and retains its FY11-12 forecasts following the latest corporate development involving its parent Petroliam Nasional Bhd and BASF.

Petronas and BASF will undertake a joint feasibility study to produce specialty chemicals in Malaysia and are considering investing RM4.0 billion ('1.0 billion).

'Our target price for the company remains at RM5.51 based on a PER of 16 times FY12 EPS. We view the MOU positively,' OSK Research said.

The research house said BASF is an established petrochemical company and it would also be more commercially viable to jointly undertake the investment since the specialty chemicals may need RM4.0 billion in investments.

OSK Research said the development of a new specialty chemical products portfolio is in line with Petronas Chemicals' goal to further grow the downstream petrochemical business as part of its integrated plan to be a key player in the region as well as to spur domestic investment in the O&G and petrochemical industries.

'Despite our Neutral call on the stock, we continue to like the company's strong backing from Petronas Group, especially in keeping its feedstock prices low, and attractive dividend payout ratio of 50%, which is the highest among its closest peers,' it said.

蚂蚁小弟

看看OSK自己多么矛盾。自己的研究报告TP RM5.51，那边出warrant 的转换价RM6.975。
看清他们抢钱的嘴脸吧。 ...
兰州烧饼 发表于 9-12-2010 03:04 PM

这位网友，请你不要曲解小弟的意思
转换价是RM5.00


并不是RM6.975

我是说以0.395买入warrant，相等于用6.975买入PCHEM
至于CW现在0.4以上交易是否OSK的事，小弟认为是没有证据确认的。

兰州烧饼

回复 3# 蚂蚁小弟

sorry,我不应该讲转换价，应该酱讲： OSK 要大家用 0.15*5+5 = 5.75去买自己认为只值RM5.51的股票。

imissyou

    错过了这次的派对 真的是

heamq

PREMIUM=(0.41*5+5)/5.55=27%，
GEARING=5.55/0.41/5=2.7，

付出27％的PREMIUM，得到的杠杆才有2.7倍，我觉得太贵了。

ahlock

Maturity Date : 01/08/2011
Exercise/ Strike/ Conversion Price : MYR 5.0000
Revised Exercise/ Strike/ Conversion Price : MYR 0.0000
Exercise/ Conversion Ratio : 5:1
Revised Exercise/ Conversion Ratio :  
Settlement Type/ Convertible into : Cash

转换比例=5对1，
转换价钱=RM5.00，
转换日=2011年8月1日，
PCHEM RM5.55-RM5.00=RM0.55除5=价值RM0.110

PCHEM-CA RM0.420-RM0.110比市价高RM0.310

蚂蚁小弟

高300%

belle888

看到都很刺激，可是不敢下手。

swee239

真 的 好 紧 张 ！ 0。 23++ 时 我 本 想 买 进 ， 可 是 对 这 个 股 和 WARRANT都 不 了 解 ， 不 敢 买 。 现 在 唯 有 看 的 份 。 。 。 。 。 。 。 。 。 。

ahlock

股价要是被炒,不是不是否有价值,
股价也会上升~~~

mxm

阻人发达如杀人父母，不过小弟还是希望大家谨慎对待刚上市的这个CW
转换价RM5，而兑换比例是5对1
以现在0 ...
蚂蚁小弟 发表于 9-12-2010 02:52 PM

    菜篮+菜鸟一族可能不领情啊 。。。。

这里很多敢死队不爱听实在话啊 。。。。

不出3日。。。。徧地蚁尸

there7888

买call的人和自找死路是一样的。

heamq

买call的人和自找死路是一样的。
there7888 发表于 9-12-2010 08:05 PM

买CW有时候是很合算的。

就拿今天的例子，
4点50分时，当GENTING定价在RM11.06，
我注意到有25000股GENTING-CR排着要卖在RM0.41，
我马上快快就吃掉。

GENTING-CR在2011年02月25日到期，
转换价是RM6.80，转换比例是10对1，
所以GENTING-CR的价值=(11.06-6.80)/10=RM0.426，

我用RM0.41的价钱买到RM0.426的价值，而且得到2点多倍的杠杆，
何乐而不为呢？

3289liew

炒股,炒股,何乐不敢买呢？

3289liew

既然是炒,当然不用看基本面.