Hope for ZTE's ZXC1 is fading

Yiaojian for ZTE (000063.SZ), the recent decline in the trend of the stock index has become the biggest stumbling block on whether the warrants can be smoothly done.　　With the entry of the right period after the company's shares fell below the right price, ZTE wants to get the right to achieve about 2.5 billion yuan financing of the hope is increasingly slim. From this Monday ZTE ZXC1 (031006.SZ) began to enter the right period. The warrant is the issuance of ZTE issued a separate debt of the subscription warrants, its total share of 65.2 million, the latest row right price of 42.394 yuan, the right to the proportion of 0.922, the right period of February 1 to February 12 between the trading day. Although ZTE's share price remained at the top of the line right before the right period, the overall fall in the 3G communications plate this week was a significant drag on its share price, which ended up with only 42.10 yuan, which fell below the right price.　　And in Tuesday, the weak rebound in the stock index, ZTE's share prices have fallen further, only 41.30 yuan to collect. Because the stock price is already lower than the right price, the intrinsic value of ZTE's ZXC1 is rapidly returning to zero, which also leads to the accelerated return of the warrant price.　　Following the fall of 9.59% in Monday, ZTE ZXC1 again plunged 20.59% in Tuesday, only to 2.978 yuan to collect, to create its lowest closing price since the listing, at the same time the turnover rate of more than 9 times times! From a series of actions of listed companies, ZTE obviously attaches great importance to the success of the warrants. The company announced on January 27 that it had signed a total amount of about 378 million U.S. dollars for the main equipment supply and operation maintenance contracts with the South African mobile operator; January 30, ZTE released 2009 Company's net profit Year-on-year 43%~56% positive announcement.　　In the performance of the stimulus, February 1, the company's share price rose to more than 44 yuan, but the same day the group of 3G communications significantly fell back or make the company's share price finally fall below the right price. While industry analysts are mostly bullish on ZTE's prospects, this does not guarantee that its warrants will be able to do so in the near future. A market personage said that the success of the right of warrants will depend to a large extent on the performance of a A-share market in the right period.