RFTrader
2021-06-02

$SINGAPORE AIRLINES LTD(C6L.SI)$ MCB rights started trading this morning, opening at 0.001 and traded to as high as 0.004. Take note that the previous tranch of MCB is now trading on the secondary market at 1.001. Hence, the implied value of the rights is only 0.001 (1.001 less subscription price of 1, excluding comms). Beware of chasing after the rights. 

SGX Stocks Opportunities
Share SGX companies' analysis and opportunities with Tigers!
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • Ylh
    2021-06-02
    Ylh
    你好，我今天收到MCB权证通知，随然你前面有分享关于这些信息，，但是小白的我还是不明白。。。所以无从下手
    • Ylh: 
      非常感谢你的回复[微笑]
    • RFTrader: 
      首先得了解这MCB。基本上，SIA 在向股东们要求资金。但这MCB的性质和SIA股票相当不同。如果要申请， 就依照信件指示做。若不要，可以卖掉手上的 rights。不然，什么都不做也行。
  • 雅牛
    2021-06-02
    雅牛
    MCB是什么？为什么账号里无端端的多出这个新航股，搞不懂呀~小白不懂，谢谢。
    • RFTrader: 
      如果你要申请拥有这个MCB，就得持有今天新添加的SIA Ltd R. 最好像老虎查询如何申请。如果不想申请， 便可以卖掉手上的SIA Ltd R. 请看清楚。别卖错。SIA R 的价位是 0. 002
    • 雅牛ReplyRFTrader: 
      谢谢?
  • SQUEEZY
    2021-06-03
    SQUEEZY
    Difference between selling and letting it lapse ?
    • SQUEEZYReplyRFTrader: 
      Ok thank you so much for the advise! Followed!
    • RFTrader: 
      You can sell the rights at 0.001 now... Perhaps it may not even make sense to sell after considering the commission. Letting it lapse might be better.
  • gohgohgoh
    2021-06-02
    gohgohgoh
    What's the possibility of it rising above 0.004?
    • RFTrader: 
      Anything can happen in the stock market. Recall last year that the MCB Rights went up as high as 0.010 when traded. That was definitely not supported by fundamental value.
  • Steu
    2021-06-02
    Steu
    as in last year?
    • RFTrader: 
      yes，the MCB that was issued last year. Trading under the ticker WPOB
  • MushrooM291
    2021-06-02
    MushrooM291
    @Ylh, where do you find the MCB letter?
Leave a comment
15