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You may want to monitor the RSS/IDSS and net short positions on top of understanding the underlying value of the call warrants, Ricardo. For GenM, the RSS volume spiked up on the 8th, 10th and continued on. This has also resulted in net short positions going up. Judging by the rise in net short positions, my bet is that funds/institutions are hedging their long positions again. The next meaningful swing for the warrants will probably be upon Q4'23 results in Feb, QTR end window dressing.
Jan'24: 5 buy, 2 overweight, 5 hold and 1 underweight. Feb'24: 6 buy, 2,5,1. Upcoming Q4'23 will determine whether any positive rerating from these analysts :)
Indeed, Ricardo. Judging by the strong China tourists arrival into Singapore, it can be concluded that tourism recovery is well underway and intact. As for your warrants, reminder to keep an eye on the RSS/IDSS :)
Congrats, Ricardo :) Right thing to do given quarter end window dressing around the corner. Not expecting negative surprises for Q1'24 from GenM and Genting but Q2'24 may report a lower profit number given the headwinds.
thanks for sharing, Ricardo. will probably trade some warrants in coming days if GenM pullbacks further :) Else, will just wait for new structured warrants to be released.