Author: i3gambler   |   Latest post: Sun, 25 Oct 2020, 3:46 PM


Call Warrants on Four Heavenly Glove Kings - My Pick is KOSSAN-C18, @ 11.10.2020

Author:   |    Publish date:


Look at the above screen shot, 

Look at the FV/P (Fair Value / Market Price),

The highest FV/P is of HARTA-C52, 

Then why I pick KOSSAN-C18?

Aiyo, 109.8% compare to 118.8%, not so much differenct lah!

I like KOSSAN because:

1) KOSSAN's installed capacity is 32 billion pcs, divide it by market cap, we get 1.7 pc/RM,

2) Meaning for every RM1000 we invest in KOSSAN, we get return from 1700 pcs of Glove.

3) For the other 3 Glove Kings, we get share of 650, 1100 and 1200 pcs respectively.

4) Is this important? 

5) When ASP was low, this number is not important. Efficiency, cost control and marketing are more important then.

6) For example, company X and Y's cost are $16 and $18 respectively, both sell at $20, gross profit are $4 and $2, 1.2*$4 compare to 1.7*$2, X>Y by 41%.

7) But when ASP is sky high at $100, company X and Y gross profit = $84 and $82 respectively, 1.7*$82 compare to 1.2*$84, Y>X by 38%.


Trade at your own risk, your own risk, your own risk.


Share this

Related Stocks

Chart Stock Name Last Change Volume 
KOSSAN 6.00 -0.27 (4.31%) 9,224,100 
KOSSAN-C18 0.075 -0.015 (16.67%) 849,700 

lai81533 Could you please share with us your call warrant calculation excel template please?Thank you. Helping people is good news.
12/10/2020 5:40 AM
i3gambler https://www.hoadley.net/options/binomialtree.aspx?tree=B&warrant=Y


You can verify my calculation with the above calculator,
The maximum steps is 150.

I try with KOSSAN-C18,
Input 164 days to expiry, i.e. calculate from yesterday, fair value was 0.1537, same to my 200 steps calculation of 0.1537, see the screenshot in this post.
If you input 163 days, meaning calculate today, fair value is 0.1532.

My spreadsheet is for educational purpose,
I don't want to be blamed if some one lose money using my spreadsheet.
12/10/2020 8:05 AM
i3gambler At this moment,
KOSSAN=7.500, up 3.73% compare to 7.230 on 11.10.2020
C18=0.165, up 17.9%,

Now, the fair value of C18 = 0.1682, already not so much higher than market price.

You might want to decide further action, keep it or swap to mother share, or none of them.
13/10/2020 10:33 AM

I3 Messenger
Individual or Group chat with anyone on I3investor
MQ Trader
View candlestick stock charts with Technical indicators
MQ Affiliate
Be rewarded by being an MQ Affiliate

241  924  499  511 

Top 10 Active Counters
 AT 0.155-0.015 
 PHB 0.030.00 
 SAPNRG 0.115-0.005 
 VIVOCOM 0.855-0.365 
 KANGER 0.18-0.015 
 PA 0.145-0.005 
 MTRONIC 0.105-0.01 
 KGROUP-WC 0.020.00 
 XDL 0.07-0.005 
 ARMADA 0.27-0.005 


1. The Equity Market Index Benchmark in Malaysia CMS
2. Trading Scenarios of Derivatives Bursa Derivatives Education Series
3. Derivatives 101 Bursa Derivatives Education Series
4. Why Trade FKLI? Bursa Derivatives Education Series
5. MQ Trader - Introduction to MQ Trader Affiliate Program MQ Trader Announcement!