MORNING CALL ACTION NOTES 18-10-54
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วันจันทร์ตลาดหุ้นไทยบวกต่อ ดัชนี SET ปิดที่ระดับ 971.63 จุด เพิ่มขึ้น 15.82 จุด(+1.66%) มูลค่าการซื้อขายหนาแน่นมากที่ 25,208.42 ล้านบาท นักลงทุนต่างชาติซื้อสุทธิอีก 2,418.36 ล้านบาท
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MORNING CALL ACTION NOTES 18-10-54
- 1. MORNING CALL ACTION NOTES By Globlex Research Department October 18, 2011 MARKET SUMMARY- Oct 17, 2011 Market View : ก F 960 / 954 CLOSE 971.63 VOLUME Bt25,208.42bn Technical : 960 / 954: F 990 / 1,009 CHANGE 15.82 P/E 11.64 F : BAY 22 : F 22.80 % CHG. 1.66% P/BV 1.80 F F : TASCO LHBANK LH QH CPN F F ก F SET 971.63 15.82 (+1.66%) Fก F ก 25,208.42 F ก F ก 2,418.36 F F F .ก ก F ก 950-980 F F 972-975 ก F ก ก ก ก ก ก กF ก 23 S50Z11 F F 674 F กF F 652 SMA5 F F SET50 676 F F F 660 GFV11 ก ก ก 24,380 24,730 GFZ11 ก ก ก 24,700 25,13 0 SVV11 ก ก ก 980-1,013 SVZ11 ก WORLD INDICES ก ก 1,000-1,020 Last Change %Change ก F F F 972 ก ก F DJIA 11,397.00 -247.49 -2.13% กF F F F F F F ก S&P500 1,200.86 -23.72 -1.94% ก F ก ก ก ก 3 ก NASDAQ 2,614.92 -52.93 -1.98% ก ก ก F F ก ก F ก กF FTSE 5,436.70 -29.66 -0.54% F F ก F กก F PTT PTTEP TOP DAX 5,859.43 -107.77 -1.81% BANPU F ก F กF F SCC NIKKEI 8,879.60 131.64 1.50% SCCC TASCO DCC F ก F KH THAI( ก 20.00) H. SENG 18,873.99 372.20 2.01% F กก SAT IVL ก FTSTI 2,778.97 34.80 1.27% COMMODITIES F NYMEX 86.38 -0.42 -0.48% BAY ( 22.50 32.70) ก ก F F BRENT 110.16 -2.07 -1.84% 54 F กก F F F ก ก GOLD 1,670.90 -8.19 -0.49% F ก ก F กก F F CURRENCIES F F ก F F ก F F BT / $ 30.63 -0.12 -0.39% F F ก ก BAY $ / EURO 1.3732 -0.0143 -1.03% YEN / $ 76.81 -0.28 -0.36% F F Transaction by Investor Group in SET TASCO (52.75 กก ) ก Investor Type 17-10-11 MTD YTD ก ก F F กF 1.6 F Local Institutions 1,467.29 2,924.68 -25,613.95 กก F Fก 9 F ก 4/54 Proprietary Trading 468.35 488.50 -2,588.51 2555 กF ก Foreign 2,418.37 15,728.04 -19,624.15 LHBANK ( 1.33 1.73) ก F F Retail -4,354.00 -19,141.20 47,825.91 F F ก ก 55 ก F ก 54 F LH ( 6.40 8) QH ( 1.43 2.60) F F F F F The opinions and information presented in this report are those of the Globlex Securities Co. Ltd. Research Department. No representation or warranty in any form regarding the accuracy, completeness, correctness or fairness of opinions and information of this report is offered by Globlex Securities Co. Ltd. Globlex Securities Co. Ltd. Accepts no liability whatsoever for any loss arising from the use of this report or its contents. This report (in whole or in part) may not be reproduced or published without the express permission of Globlex Securities Co. Ltd.
- 2. Globlex Securities Co. Ltd. 10/18/2011 CPN ( 36.25 46.60) ก ก 21 .. F F F 55 F F ก + FED Fก ก - ก . Fก F (EU) -8.48 .. ก ก. . -8.82 23 .. F F 5 กF F F ก ก ก. . F F F F 0.2% F กก ก กF ก ก ก F ก - ก ก ก 6 + F ก ก F (GSP) ก ก 2 ก ก F F ก Fก 7 31 ก. .56 F F 1 . . 54 F ก ก F ก + F F กF F ก ก F - . ก FF ก F F 3Q54 F ก กF F ก กF ก F ก GDP F ก ก ก F ก กF F ก ก F ก ก ก ก + F F F F ก ก ก F ( .) F ก ก F F F F F F GDP 1-1.7% ก 14 . . F ก F GDP 0.6-0.9% F ก 5 F . ก F F ( ) F F F ก - ก ก F ก F F F ก F F Fก ก ก ก F ก ก F ก F ก SME F F F F F ก ก ก : TMB F F Fก F , กF F ก ก. . Fก F ก ก ก 55 ก5 F F 18 . . GDP F 3Q54 / F ก ก. . / ก 4 FF F ก. . / ก ก. . 19 . . ก ก ก ก - F (PPI) ก. . / F F ก (ก .) . Fก / ก F . ./ ก ก ก F .. ก F ก F ก 19 . . - F (CPI) ก. . ( ก F 20 . . . ก 2554 F 0.2% ก F 3 ก กF ก ก " )/ F ก F F ก กF F ก. . / 28 . . . GDP 54 55 ก F/ ก Beige book ก ก ก ก ก ก ก 5-6 . . 20 . . - ก ก (ECB) F F ก ก ก ก - F ก F F/ ก ก. . / F ก . ./ F ก. . 21 . . - - F F ก ก ก ก 23 . . - F ก ก ก ก กF ก F ก ก Fก The opinions and information presented in this report are those of the Globlex Securities Co. Ltd. Research Department. No representation or warranty in any form regarding the accuracy, completeness, correctness or fairness of opinions and information of this report is offered by Globlex Securities Co. Ltd. Globlex Securities Co. Ltd. accepts no liability whatsoever for any loss arising from the use of this report or its contents. This report (in whole or in part) may not be reproduced or published without the express permission of Globlex Securities Co. Ltd.
- 3. Globlex Securities Co. Ltd. 10/18/2011 ก ก Fก ก ก ก (EFSF) 27 . . ก ก ก GDP 3Q54 1 3-4 . . -ก F ก F G-20 ก F ก F Cash Balance *INOX F 3 . .54- 21 . .54 *KAMART F 3 . .54- 21 . .54 *LL F 17 . .54- 4 . .54 *** กก ก F ก F ก ก ก F ก F กF ก F F F 247.49 NYMEX 42 F F F 247.49 ก ก F F NYMEX F .. 42 F ก กF EU ก . F ก F ก F ก F ก F ก F 23 . . F F ก F F ก . F F F F 5 กF F ( ) F ก กF ก ก F F FF " F F ก F F F F ก ก ก กF ก " F F 247.49 F ก ก F " 2.13% 11,397.00 S&P 500 23.72 ก ก F F ก กF ก F F F 1.94% 1,200.86 Nasdaq F 52.93 Fก " F F F NYMEX F 1.98% 2,614.92 .. 42 F 0.48% 86.38 F/ F F F F Fก F .. 2.07 F 110.16 F/ F F ก F ก F กF F F F ก ก ก ก Fก 8,700 8,500 F ก กF ก ( ) ก กก F F F ก 23 . . F " ก F " กF ก F ก กF ก ก 18,300 18,000 Analyst 02-6725993 tawatchai@globlex.co.th 02-6725937 wilasinee@globlex.co.th F 02-6725946 artit@globlex.co.th The opinions and information presented in this report are those of the Globlex Securities Co. Ltd. Research Department. No representation or warranty in any form regarding the accuracy, completeness, correctness or fairness of opinions and information of this report is offered by Globlex Securities Co. Ltd. Globlex Securities Co. Ltd. accepts no liability whatsoever for any loss arising from the use of this report or its contents. This report (in whole or in part) may not be reproduced or published without the express permission of Globlex Securities Co. Ltd.
- 4. Globlex Securities Co. Ltd. 10/18/2011 Dividend Table Payment Dividend Symbol X-Date Operation Period Unit Type Market / Industry / Sector Date (per share) APCS 18/10/2011 4/11/2011 0.25 Baht Cash SET /INDUS /AUTO MNIT 19/10/2011 8/11/2011 01/07/2011 - 30/09/2011 0.185 Baht Cash SET /PROPCON /PFUND MNIT2 19/10/2011 8/11/2011 01/07/2011 - 30/09/2011 0.185 Baht Cash SET /PROPCON /PFUND MNRF 19/10/2011 8/11/2011 01/07/2011 - 30/09/2011 0.195 Baht Cash SET /PROPCON /PFUND M-STOR 19/10/2011 8/11/2011 01/07/2011 - 30/09/2011 0.213 Baht Cash SET /PROPCON /PFUND VTE 3/11/2011 18/11/2011 01/07/2010 - 30/06/2011 0.06 Baht Cash mai /-/MIDSIZE SIAM 4/11/2011 25/11/2011 01/07/2010 - 30/06/2011 0.16 Baht Cash SET /CONSUMP /HOME TNH 25/11/2011 16/12/2011 01/08/2010 - 31/07/2011 0.48 Baht Cash mai /-/MIDSIZE CITY 9/12/2011 - 01/08/2010 - 31/07/2011 0.1 Baht Cash SET /INDUS /STEEL SET NOTICE CALENDAR 18/10/2011 ADVA08CA หลักทรัพยใหม 17,100,000 หนวย SCC08CB หลักทรัพยใหม 17,000,000 หนวย UNIQ ลูกหุนเขา 1,017,600 หุน 1/11/2011 EVER XR 1:1 Notes: PD = Payment Date SD = Subscript Date XR = Rights for Common XT = Rights for Transferable Subscription Right XN = Capital Return XW = Rights for Warrant XM = Excluding Meetings The opinions and information presented in this report are those of the Globlex Securities Co. Ltd. Research Department. No representation or warranty in any form regarding the accuracy, completeness, correctness or fairness of opinions and information of this report is offered by Globlex Securities Co. Ltd. Globlex Securities Co. Ltd. accepts no liability whatsoever for any loss arising from the use of this report or its contents. This report (in whole or in part) may not be reproduced or published without the express permission of Globlex Securities Co. Ltd.
- 5. Globlex Securities Co. Ltd. 10/18/2011 Derivative Warrant Table 18 October 2011 Price by Black Time to Type DW Stock maturity Gearing Exercise Expire Last DW Implied Cumulative Volume/ DW Scholes Status Premium Exercise Raito of Option Price Price Ratio(x) Price Date Trading Day Issued(mn) Volatility Outstanding Units Model y. m. d. ADVA13CC Call 2.06 126.00 2.07 Out of the Money 0 2 10 3.17 0.41% 86.79 1 : 19.29@86.79 27 Dec 11 20 Dec 11 22.8 0.00% 0.65% ADVA13PA Put 0.60 126.00 0.29 Out of the Money 0 2 14 8.40 16.67% 120.00 1 : 25@120 31 Dec 11 26 Dec 11 24.8 85.88% 22.26% ADVA42CA Call 4.64 126.00 4.58 Out of the Money 0 0 15 2.82 0.57% 81.97 1 : 9.64@81.97 1 Nov 11 25 Oct 11 19.0 133.84% 0.04% AOT01CA Call 0.53 39.25 0.45 Out of the Money 0 4 8 7.41 10.32% 38.00 1 : 10@38 24 Feb 12 17 Feb 12 34.0 50.60% 57.17% AOT01PA Put 0.82 39.25 0.69 Out of the Money 0 4 8 4.79 8.79% 44.00 1 : 10@44 24 Feb 12 17 Feb 12 20.0 58.38% 1.72% AOT13CA Call 0.22 39.25 0.13 Out of the Money 0 2 12 8.92 13.12% 40.00 1 : 20@40 29 Dec 11 22 Dec 11 29.5 70.08% 6.93% AOT13CB Call 0.28 39.25 0.12 Out of the Money 0 5 12 7.01 28.92% 45.00 1 : 20@45 29 Mar 12 22 Mar 12 28.9 72.29% 3.67% AOT42CA Call 0.67 39.25 0.61 Out of the Money 0 2 6 5.86 3.69% 34.00 1 : 10@34 23 Dec 11 16 Dec 11 80.0 54.23% 5.29% BANP01CA Call 0.24 606.00 0.29 Out of the Money 0 2 14 25.62 14.50% 670.22 1 : 98.56@670.22 31 Dec 11 30 Dec 11 72.0 35.26% 118.95% BANP01PA Put 2.08 606.00 2.05 Out of the Money 0 2 14 2.96 0.46% 808.21 1 : 98.56@808.21 31 Dec 11 26 Dec 11 18.0 82.29% 133.97% BANP06CB Call 0.46 606.00 0.45 Out of the Money 0 4 2 13.37 18.08% 670.22 1 : 98.52@670.22 18 Feb 12 13 Feb 12 50.0 45.70% 2.07% BANP08CA Call 1.68 606.00 1.63 Out of the Money 0 1 16 7.21 2.97% 540.00 1 : 50@540 3 Dec 11 28 Nov 11 10.0 0.00% 12.12% BANP18CA Call 0.76 606.00 0.69 Out of the Money 0 1 20 7.97 4.95% 560.00 1 : 100@560 7 Dec 11 29 Nov 11 25.0 41.07% 2.50% BANP13CE Call 1.24 606.00 0.89 Out of the Money 0 5 17 4.96 17.75% 591.37 1 : 98.52@591.37 3 Apr 12 27 Mar 12 17.8 61.84% 5.70% BANP13PA Put 0.79 606.00 0.45 Out of the Money 0 2 14 7.67 14.03% 600.00 1 : 100@600 31 Dec 11 26 Dec 11 24.1 91.44% 12.91% BANP42CC Call 0.24 606.00 0.13 Out of the Money 0 1 9 25.25 16.17% 680.00 1 : 100@680 26 Nov 11 21 Nov 11 23.0 52.78% 2.73% BAY01CA Call 0.35 22.50 0.34 Out of the Money 0 2 14 8.04 10.22% 22.00 1 : 8@22 31 Dec 11 30 Dec 11 25.0 52.58% 84.17% BAY01PA Put 1.47 22.50 1.43 Out of the Money 0 2 14 1.91 1.16% 34.00 1 : 8@34 31 Dec 11 26 Dec 11 20.0 106.89% 67.87% BAY08CB Call 0.30 22.50 0.45 Out of the Money 0 4 1 15.00 17.78% 25.00 1 : 5@25 17 Feb 12 10 Feb 12 16.0 38.86% 34.57% BAY13CB Call 0.01 22.50 0.12 In the Money 0 0 2 450.00 -2.00% 22.00 1 : 5@22 19 Oct 11 12 Oct 11 23.3 0.00% 23.57% BAY13CC Call - 22.50 0.77 - 0 6 25 - - 18.50 1 : 8@18.5 12 May 12 4 May 12 29.8 - - BAY42CB Call 0.15 22.50 0.14 Out of the Money 0 2 6 15.00 17.78% 25.00 1 : 10@25 23 Dec 11 16 Dec 12 30.0 60.30% 50.96% BBL06CA Call 0.48 147.50 0.53 Out of the Money 0 1 14 15.56 6.83% 148.10 1 : 19.75@148.1 1 Dec 11 30 Nov 11 45.0 47.00% 7.55% BBL06PA Put 1.47 147.50 1.39 Out of the Money 0 1 14 5.08 2.54% 172.78 1 : 19.75@172.78 1 Dec 11 30 Nov 11 15.0 69.19% 22.04% BBL13CB Call 0.62 147.50 0.47 Out of the Money 0 6 18 4.82 21.15% 148.10 1 : 49.36@148.1 5 May 12 27 Apr 12 27.8 68.93% 5.48% BBL13PA Put 0.89 147.50 0.66 Out of the Money 0 6 18 3.36 15.99% 167.84 1 : 49.36@167.84 5 May 12 27 Apr 12 27.3 77.59% 13.27% BBL18CA Call 0.49 147.50 0.53 Out of the Money 0 6 14 6.02 11.53% 140.00 1 : 50@140 1 May 12 24 Apr 12 20.0 46.09% 21.63% BCP01CA Call 0.51 17.60 0.46 Out of the Money 0 3 11 8.63 11.02% 17.50 1 : 4@17.5 27 Jan 12 20 Jan 12 40.0 49.69% 157.45% BCP01PA Put 1.23 17.60 1.17 Out of the Money 0 3 11 3.58 2.95% 22.00 1 : 4@22 27 Jan 12 20 Jan 12 19.5 60.83% 221.92% BCP13CA Call 0.31 17.60 0.17 Out of the Money 0 2 12 11.69 18.89% 19.42 1 : 4.86@19.42 29 Dec 11 22 Dec 11 29.2 69.73% 0.00% The opinions and information presented in this report are those of the Globlex Securities Co. Ltd. Research Department. No representation or warranty in any form regarding the accuracy, completeness, correctness or fairness of opinions and information of this report is offered by Globlex Securities Co. Ltd. Globlex Securities Co. Ltd. Accepts no liability whatsoever for any loss arising from the use of this report or its contents. This report (in whole or in part) may not be reproduced or published without the express permission of Globlex Securities Co. Ltd.
- 6. Globlex Securities Co. Ltd. 10/18/2011 Derivative Warrant Table 18 October 2011 Price by Black Time to Type DW Stock maturity Gearing Exercise Expire Last DW Implied Cumulative Volume/ DW Scholes Status Premium Exercise Raito of Option Price Price Ratio(x) Price Date Trading Day Issued(mn) Volatility Outstanding Units Model y. m. d. BCP18CA Call 0.30 17.60 0.24 Out of the Money 0 1 27 14.67 11.93% 18.50 1 : 4@18.5 14 Dec 11 13 Dec 11 25.0 53.04% 14.42% BCP42CA Call 0.33 17.60 0.18 Out of the Money 0 2 6 10.67 17.33% 19.00 1 : 5@19 23 Dec 11 16 Dec 11 30.0 66.32% 0.90% BEC13CA Call 0.80 40.75 0.96 Out of the Money 0 2 4 5.09 0.61% 33.00 1 : 10@33 21 Dec 11 14 Dec 11 29.8 0.00% 0.00% BGH13CB Call 0.80 66.25 0.47 Out of the Money 0 5 17 4.14 14.72% 60.00 1 : 20@60 3 Apr 12 27 Mar 12 29.5 71.89% 0.04% BH13CA Call 0.89 39.00 0.59 Out of the Money 0 5 13 4.38 15.13% 36.00 1 : 10@36 30 Mar 12 23 Mar 12 25.0 67.81% 0.05% BIGC01CA Call 1.01 118.00 1.04 Out of the Money 0 5 24 5.84 18.81% 120.00 1 : 20@120 10 Apr 12 2 Apr 12 14.0 71.09% 54.16% BLA01CA Call 0.45 45.00 0.30 Out of the Money 0 5 24 5.00 22.22% 46.00 1 : 20@46 10 Apr 12 2 Apr 12 20.0 71.70% 94.31% BLA13CA Call 0.70 45.00 0.56 Out of the Money 0 2 12 6.43 8.89% 42.00 1 : 10@42 29 Dec 11 22 Dec 11 25.7 71.46% 8.79% BLA13CB Call 0.62 45.00 0.28 Out of the Money 0 5 12 7.26 36.00% 55.00 1 : 10@55 29 Mar 12 22 Mar 12 22.3 80.17% 0.18% BTS13CB Call 0.22 0.61 0.16 Out of the Money 0 2 7 14.34 21.73% 0.70 1 : 0.19@0.7 24 Dec 11 19 Dec 11 28.4 68.82% 14.59% CPAL01CA Call 1.18 49.00 1.13 Out of the Money 0 2 14 4.15 1.63% 38.00 1 : 10@38 31 Dec 11 30 Dec 11 24.0 48.55% 32.45% CPAL01PA Put 0.84 49.00 0.61 Out of the Money 0 2 14 5.83 6.94% 54.00 1 : 10@54 31 Dec 11 26 Dec 11 20.0 66.52% 29.41% CPAL08CA Call 2.46 49.00 2.29 Out of the Money 0 3 3 3.98 2.65% 38.00 1 : 5@38 19 Jan 12 12 Jan 12 10.0 29.57% 0.66% CPAL13CB Call 0.95 49.00 0.75 Out of the Money 0 2 6 5.16 5.10% 42.00 1 : 10@42 23 Dec 11 16 Dec 11 24.0 59.45% 0.11% CPAL42CB Call 0.70 49.00 0.72 At the Money 0 1 9 7.00 0.00% 42.00 1 : 10@42 26 Nov 11 21 Nov 11 30.0 0.00% 1.79% CPF01CA Call 0.69 29.75 0.55 Out of the Money 0 2 14 5.39 5.95% 26.00 1 : 8@26 31 Dec 11 30 Dec 11 28.0 46.09% 35.25% CPF01PA Put 0.90 29.75 0.79 Out of the Money 0 2 14 4.13 3.19% 36.00 1 : 8@36 31 Dec 11 26 Dec 11 20.0 79.46% 20.38% CPF06CA Call 0.93 29.75 0.76 Out of the Money 0 1 15 6.52 4.38% 26.49 1 : 4.91@26.49 2 Dec 11 25 Nov 11 20.0 22.08% 3.12% CPF06PA Put 0.66 29.75 0.49 Out of the Money 0 1 15 9.19 5.34% 31.40 1 : 4.91@31.4 2 Dec 11 25 Nov 11 20.0 57.86% 1.81% CPF08CC Call 3.46 29.75 3.28 Out of the Money 0 2 14 4.30 2.25% 23.50 1 : 2@23.5 31 Dec 11 26 Dec 11 18.0 0.00% 17.58% CPF08PA Put 1.25 29.75 1.09 Out of the Money 0 2 14 4.76 3.36% 35.00 1 : 5@35 31 Dec 11 26 Dec 11 11.5 62.05% 3.12% CPF13CA Call 1.55 29.75 1.45 Out of the Money 0 0 9 3.84 1.68% 22.50 1 : 5@22.5 26 Oct 11 18 Oct 11 51.6 0.00% 5.56% CPF13CB Call 1.87 29.75 1.29 Out of the Money 0 7 13 3.18 15.46% 25.00 1 : 5@25 30 May 12 23 May 12 22.8 77.79% 0.00% CPF13PA Put 1.73 29.75 0.90 Out of the Money 0 5 13 3.44 18.15% 33.00 1 : 5@33 30 Mar 12 23 Mar 12 19.7 85.96% 0.01% CPF42CA Call 0.44 29.75 0.39 Out of the Money 0 0 26 6.76 2.18% 26.00 1 : 10@26 12 Nov 11 7 Nov 11 30.0 0.00% 1.88% CPN13CA Call 0.69 36.25 0.66 Out of the Money 0 2 13 5.25 4.55% 31.00 1 : 10@31 30 Dec 11 23 Dec 11 29.5 47.63% 10.23% CPN42CA Call 0.96 36.25 0.97 Out of the Money 0 2 6 3.78 0.97% 27.00 1 : 10@27 23 Dec 11 16 Dec 11 30.0 0.00% 3.97% DTAC01CA Call 3.10 74.50 3.10 Out of the Money 0 3 11 2.40 0.67% 44.00 1 : 10@44 27 Jan 12 20 Nov 12 14.0 0.00% 16.56% DTAC01PA Put 0.41 74.50 0.04 Out of the Money 0 3 11 18.17 22.28% 62.00 1 : 10@62 27 Jan 12 20 Jan 12 42.0 68.45% 29.33% DTAC08CB Call 2.70 74.50 2.68 Out of the Money 0 1 21 2.76 0.67% 48.00 1 : 10@48 8 Dec 11 30 Nov 11 14.2 0.00% 0.05% The opinions and information presented in this report are those of the Globlex Securities Co. Ltd. Research Department. No representation or warranty in any form regarding the accuracy, completeness, correctness or fairness of opinions and information of this report is offered by Globlex Securities Co. Ltd. Globlex Securities Co. Ltd. accepts no liability whatsoever for any loss arising from the use of this report or its contents. This report (in whole or in part) may not be reproduced or published without the express permission of Globlex Securities Co. Ltd.
- 7. Globlex Securities Co. Ltd. 10/18/2011 Derivative Warrant Table 18 October 2011 Price by Black Time to Type DW Stock maturity Gearing Exercise Expire Last DW Implied Cumulative Volume/ DW Scholes Status Premium Exercise Raito of Option Price Price Ratio(x) Price Date Trading Day Issued(mn) Volatility Outstanding Units Model y. m. d. DTAC13CA Call 3.18 74.50 3.43 In the Money 0 0 3 2.49 -3.12% 42.29 1 : 9.4@42.29 20 Oct 11 13 Oct 11 27.6 0.00% 0.00% DTAC13CB Call 1.12 74.50 0.60 Out of the Money 0 5 12 3.33 17.32% 65.00 1 : 20@65 29 Mar 12 22 Mar 12 28.1 90.47% 0.53% DTAC13PA Put 0.44 74.50 0.07 Out of the Money 0 2 14 8.47 17.85% 70.00 1 : 20@70 31 Dec 11 26 Dec 11 24.3 93.69% 15.38% DTAC42CA Call 2.70 74.50 2.66 Out of the Money 0 0 15 2.76 0.67% 48.00 1 : 10@48 1 Nov 11 25 Oct 11 27.0 0.00% 1.20% EGCO13CA Call 0.32 83.50 0.00 Out of the Money 0 2 13 13.05 15.45% 90.00 1 : 20@90 30 Dec 11 23 Dec 11 28.6 60.76% 0.70% ESSO01CA Call 0.60 9.55 0.50 Out of the Money 0 4 8 4.06 6.74% 7.84 1 : 3.92@7.84 24 Feb 12 17 Feb 12 40.0 56.04% 63.11% ESSO01PA Put 0.64 9.55 0.41 Out of the Money 0 4 8 3.73 11.62% 11.00 1 : 4@11 24 Feb 12 17 Feb 12 20.0 76.24% 4.09% ESSO03CA Call 0.33 9.55 0.11 Out of the Money 0 4 14 7.23 25.86% 10.70 1 : 4@10.7 1 Mar 12 23 Feb 12 25.0 72.75% 0.16% ESSO08CA Call 0.27 9.55 0.16 Out of the Money 0 2 6 9.02 10.67% 9.51 1 : 3.92@9.51 23 Dec 11 16 Dec 11 20.0 56.13% 53.68% ESSO13CB Call 0.59 9.55 0.28 Out of the Money 0 6 18 4.13 23.81% 9.51 1 : 3.92@9.51 5 May 12 27 Apr 12 49.6 75.45% 0.34% ESSO13PA Put 1.64 9.55 1.47 Out of the Money 0 2 14 2.38 3.46% 13.24 1 : 2.45@13.24 31 Dec 11 26 Dec 11 18.2 90.82% 14.54% ESSO18CA Call 0.42 9.55 0.23 Out of the Money 0 1 28 9.10 10.47% 9.50 1 : 2.5@9.5 15 Dec 11 7 Dec 11 25.0 60.28% 0.80% GLOW13CA Call 1.13 54.50 1.16 Out of the Money 0 2 12 4.82 3.30% 45.00 1 : 10@45 29 Dec 11 22 Dec 11 25.0 49.73% 0.33% HMPR13CA Call 1.54 9.45 1.45 Out of the Money 0 2 4 3.51 2.44% 6.99 1 : 1.75@6.99 21 Dec 11 14 Dec 11 29.2 70.80% 0.27% HMPR13CB Call 0.74 9.45 0.50 Out of the Money 0 5 17 3.66 15.19% 8.30 1 : 3.49@8.3 3 Apr 12 27 Mar 12 29.8 73.15% 1.88% IRPC01CA Call 0.21 3.84 0.18 Out of the Money 0 4 8 9.30 18.30% 4.13 1 : 1.97@4.13 24 Feb 12 17 Feb 11 20.0 50.41% 110.84% IRPC08CB Call 0.03 3.84 0.00 Out of the Money 0 0 26 130.27 41.39% 5.40 1 : 0.98@5.4 12 Nov 11 7 Nov 11 15.5 78.96% 8.55% IRPC13CB Call 0.06 3.84 0.01 Out of the Money 0 2 11 32.00 46.35% 5.50 1 : 2@5.5 28 Dec 11 21 Dec 11 29.5 77.52% 14.66% IRPC42CB Call 0.14 3.84 0.03 Out of the Money 0 2 6 13.71 37.50% 5.00 1 : 2@5 23 Dec 11 16 Dec 11 30.0 92.62% 2.68% IVL01CC Call 0.14 35.25 0.14 Out of the Money 0 1 14 12.59 15.74% 38.00 1 : 20@38 1 Dec 11 24 Nov 11 120.0 58.15% 75.18% IVL01CD Call 1.23 35.25 1.09 Out of the Money 0 6 8 2.87 17.16% 29.00 1 : 10@29 25 Apr 12 18 Apr 12 50.0 79.05% 15.41% IVL01PC Put 1.76 35.25 1.72 Out of the Money 0 1 14 1.00 1.28% 70.00 1 : 20@70 1 Dec 11 24 Nov 11 20.0 209.17% 46.75% IVL08CB Call 0.59 35.25 0.60 Out of the Money 0 2 5 7.47 12.68% 35.00 1 : 8@35 22 Dec 11 15 Dec 11 21.3 51.07% 127.89% IVL13PB Put 0.85 35.25 0.74 Out of the Money 0 6 18 2.07 17.73% 46.00 1 : 20@46 5 May 12 27 Apr 12 28.4 115.12% 24.97% IVL18CC Call 0.45 35.25 0.38 Out of the Money 0 6 11 3.13 22.70% 32.00 1 : 25@32 28 Apr 12 23 Apr 12 20.0 76.44% 46.35% IVL42CB Call 0.16 35.25 0.14 Out of the Money 0 1 9 22.03 23.69% 42.00 1 : 10@42 26 Nov 11 21 Nov 11 27.0 66.29% 25.27% IVL13CD Call 0.51 35.25 0.40 Out of the Money 0 6 18 3.46 31.06% 36.00 1 : 20@36 5 May 12 27 Apr 12 50.0 87.31% 14.85% KBAN01CA Call 1.11 120.50 1.26 Out of the Money 0 4 8 5.43 5.56% 105.00 1 : 20@105 24 Feb 12 17 Feb 12 12.0 42.46% 267.27% KBAN01PA Put 2.16 120.50 2.16 Out of the Money 0 4 8 2.79 3.07% 160.00 1 : 20@160 24 Feb 12 17 Feb 12 12.0 61.19% 154.19% KBAN08CA Call 1.12 120.50 1.19 Out of the Money 0 1 15 5.38 0.75% 99.00 1 : 20@99 2 Dec 11 1 Dec 11 18.5 0.00% 36.49% The opinions and information presented in this report are those of the Globlex Securities Co. Ltd. Research Department. No representation or warranty in any form regarding the accuracy, completeness, correctness or fairness of opinions and information of this report is offered by Globlex Securities Co. Ltd. Globlex Securities Co. Ltd. accepts no liability whatsoever for any loss arising from the use of this report or its contents. This report (in whole or in part) may not be reproduced or published without the express permission of Globlex Securities Co. Ltd.
- 8. Globlex Securities Co. Ltd. 10/18/2011 Derivative Warrant Table 18 October 2011 Price by Black Time to Type DW Stock maturity Gearing Exercise Expire Last DW Implied Cumulative Volume/ DW Scholes Status Premium Exercise Raito of Option Price Price Ratio(x) Price Date Trading Day Issued(mn) Volatility Outstanding Units Model y. m. d. KBAN13CD Call 0.71 120.50 0.71 Out of the Money 0 2 6 6.79 6.02% 110.00 1 : 25@110 23 Dec 11 15 Dec 11 23.7 57.67% 5.05% KBAN13PA Put 0.76 120.50 0.58 Out of the Money 0 2 14 6.34 12.03% 125.00 1 : 25@125 31 Dec 11 26 Dec 11 24.6 84.29% 54.68% KBAN42CB Call 0.06 120.50 0.16 Out of the Money 0 0 5 100.42 0.58% 120.00 1 : 20@120 22 Oct 11 17 Oct 11 23.0 46.35% 21.36% KK13CA Call 0.93 29.00 0.37 Out of the Money 0 5 13 6.42 26.05% 32.04 1 : 4.85@32.04 30 Mar 12 23 Mar 12 17.9 71.98% 0.00% KTB01CB Call 0.35 16.00 0.54 Out of the Money 0 4 8 11.43 15.00% 17.00 1 : 4@17 24 Feb 12 17 Feb 12 19.0 42.26% 502.43% KTB13CC Call 0.53 16.00 0.49 Out of the Money 0 6 18 6.04 29.06% 18.00 1 : 5@18 5 May 12 27 Apr 12 21.6 70.54% 0.00% LH01CA Call 0.88 6.40 0.89 Out of the Money 0 2 14 3.64 2.50% 4.80 1 : 2@4.8 31 Dec 11 30 Dec 11 25.0 65.96% 118.27% LH01PA Put 0.86 6.40 0.92 Out of the Money 0 2 14 3.72 1.88% 8.00 1 : 2@8 31 Dec 11 26 Dec 11 20.0 62.82% 47.44% LH13CB Call 0.53 6.40 0.48 Out of the Money 0 2 10 6.04 10.31% 6.00 1 : 2@6 27 Dec 11 20 Dec 11 29.8 69.63% 0.03% MINT13CA Call 0.43 10.30 0.22 Out of the Money 0 2 5 11.98 17.09% 11.20 1 : 2@11.2 22 Dec 11 15 Dec 11 20.7 67.93% 5.66% MINT42CA Call 0.22 10.30 0.14 Out of the Money 0 2 6 9.36 12.62% 10.50 1 : 5@10.5 23 Dec 11 16 Dec 11 30.0 61.45% 5.96% PS06CA Call 0.05 13.50 0.02 Out of the Money 0 1 15 54.00 38.89% 18.50 1 : 5@18.5 2 Dec 11 25 Nov 11 20.0 71.36% 8.05% PS08CA Call 0.02 13.50 0.00 Out of the Money 0 0 10 168.75 30.22% 17.50 1 : 4@17.5 27 Oct 11 19 Oct 11 17.5 95.81% 22.33% PS13CB Call 0.02 13.50 0.00 Out of the Money 0 0 11 168.75 30.22% 17.50 1 : 4@17.5 28 Oct 11 20 Oct 11 26.8 105.05% 8.36% PS13CC Call 0.78 13.50 0.54 Out of the Money 0 7 2 3.46 25.19% 13.00 1 : 5@13 19 May 12 14 May 12 29.8 90.37% 0.00% PTT01CA Call 0.43 300.00 0.47 Out of the Money 0 2 14 6.98 4.33% 270.00 1 : 100@270 31 Dec 11 30 Dec 11 60.0 33.64% 163.99% PTT01PA Put 1.51 300.00 1.48 Out of the Money 0 2 14 1.99 0.33% 450.00 1 : 100@450 31 Dec 11 26 Dec 11 22.0 85.80% 309.20% PTT06CB Call 0.51 300.00 0.57 Out of the Money 0 1 14 29.96 14.57% 333.70 1 : 19.63@333.7 1 Dec 11 24 Nov 11 7.0 45.57% 8.58% PTT06PB Put 4.36 300.00 4.29 Out of the Money 0 1 14 3.51 0.94% 382.78 1 : 19.63@382.78 1 Dec 11 24 Nov 11 7.0 91.41% 2.06% PTT08CB Call 0.34 300.00 0.46 Out of the Money 0 2 18 17.65 12.33% 320.00 1 : 50@320 4 Jan 12 27 Dec 11 16.0 39.70% 24.28% PTT13CE Call 0.08 300.00 0.10 Out of the Money 0 0 17 37.50 6.00% 310.00 1 : 100@310 3 Nov 11 27 Oct 11 30.0 48.15% 8.69% PTT13CF Call 0.95 300.00 0.82 Out of the Money 0 7 8 3.16 13.33% 245.00 1 : 100@245 25 May 12 18 May 12 29.8 70.87% 1.58% PTT13PA Put 0.41 300.00 0.28 Out of the Money 0 2 14 7.32 13.67% 300.00 1 : 100@300 31 Dec 11 26 Dec 11 25.0 89.12% 96.40% PTT42CC Call 0.35 300.00 0.35 Out of the Money 0 1 9 17.14 9.17% 310.00 1 : 50@310 26 Nov 11 21 Nov 11 23.0 44.80% 1.67% PTTE01CB Call 0.47 155.00 0.52 Out of the Money 0 4 8 8.24 8.90% 150.00 1 : 40@150 24 Feb 12 17 Feb 12 19.5 36.56% 49.14% PTTE06CB Call 0.30 155.00 0.29 Out of the Money 0 1 14 26.26 11.71% 167.25 1 : 19.68@167.25 1 Dec 11 24 Nov 11 15.0 36.51% 19.56% PTTE06PB Put 2.10 155.00 2.01 Out of the Money 0 1 14 3.69 1.29% 195.00 1 : 20@195 1 Dec 11 30 Nov 11 15.0 90.63% 8.56% PTTE08CA Call 1.60 155.00 1.55 Out of the Money 0 2 7 9.69 7.10% 150.00 1 : 10@150 24 Dec 11 19 Dec 11 10.0 39.59% 5.72% PTTE13CD Call 0.37 155.00 0.27 Out of the Money 0 2 6 10.47 12.77% 160.00 1 : 40@160 23 Dec 11 16 Dec 11 24.6 52.99% 11.48% PTTE42CC Call 0.45 155.00 0.29 Out of the Money 0 2 6 17.22 18.71% 175.00 1 : 20@175 23 Dec 11 16 Dec 11 20.0 50.28% 0.41% The opinions and information presented in this report are those of the Globlex Securities Co. Ltd. Research Department. No representation or warranty in any form regarding the accuracy, completeness, correctness or fairness of opinions and information of this report is offered by Globlex Securities Co. Ltd. Globlex Securities Co. Ltd. accepts no liability whatsoever for any loss arising from the use of this report or its contents. This report (in whole or in part) may not be reproduced or published without the express permission of Globlex Securities Co. Ltd.
- 9. Globlex Securities Co. Ltd. 10/18/2011 Derivative Warrant Table 18 October 2011 Price by Black Time to Type DW Stock maturity Gearing Exercise Expire Last DW Implied Cumulative Volume/ DW Scholes Status Premium Exercise Raito of Option Price Price Ratio(x) Price Date Trading Day Issued(mn) Volatility Outstanding Units Model y. m. d. SCB01CA Call 1.03 114.50 1.18 Out of the Money 0 4 8 5.56 4.45% 99.00 1 : 20@99 24 Feb 12 17 Feb 12 16.0 35.16% 97.94% SCB06CB Call 2.80 114.50 2.67 Out of the Money 0 4 2 4.12 6.52% 94.20 1 : 9.92@94.2 18 Feb 12 13 Feb 12 12.0 47.60% 0.44% SCB06PB Put 1.20 114.50 1.08 Out of the Money 0 4 2 9.62 15.13% 109.07 1 : 9.92@109.07 18 Feb 12 13 Feb 12 12.0 59.12% 74.51% SCB08CB Call 0.74 114.50 0.88 Out of the Money 0 2 19 7.74 3.76% 104.00 1 : 20@104 5 Jan 12 28 Dec 11 27.0 30.99% 37.25% SCB13CA Call 0.69 114.50 0.76 In the Money 0 0 15 8.30 -0.61% 100.00 1 : 20@100 1 Nov 11 25 Oct 11 23.3 0.00% 28.88% SCB13CB Call 1.26 114.50 1.11 Out of the Money 0 7 21 3.63 14.85% 100.00 1 : 25@100 7 Jun 12 30 May 12 24.6 67.10% 0.41% SCB13PA Put 0.78 114.50 0.55 Out of the Money 0 2 14 5.87 12.23% 120.00 1 : 25@120 31 Dec 11 26 Dec 11 23.9 85.61% 25.69% SCB42CB Call 0.50 114.50 0.49 Out of the Money 0 0 5 11.45 0.44% 105.00 1 : 20@105 22 Oct 11 17 Oct 11 25.0 0.00% 28.43% SCC01CA Call 0.16 306.00 0.14 Out of the Money 0 1 14 23.91 15.29% 340.00 1 : 80@340 1 Dec 11 24 Nov 11 60.0 52.34% 80.53% SCC01PA Put 1.56 306.00 1.54 Out of the Money 0 1 14 2.45 0.26% 430.00 1 : 80@430 1 Dec 11 24 Nov 01 20.0 104.17% 63.51% SCC06CA Call 0.44 306.00 0.50 Out of the Money 0 1 15 35.31 15.47% 344.67 1 : 19.7@344.67 2 Dec 11 25 Nov 11 7.0 43.96% 9.37% SCC06PA Put 5.45 306.00 4.50 Out of the Money 0 1 15 2.85 6.35% 393.91 1 : 19.7@393.91 2 Dec 11 25 Nov 11 7.0 103.08% 0.06% SCC08CA Call 0.04 306.00 0.10 Out of the Money 0 0 19 153.00 10.13% 335.00 1 : 50@335 5 Nov 11 31 Oct 11 48.0 40.99% 11.74% SCC08CB Call - 306.00 1.61 - 0 6 22 - - 250.00 1 : 50@250 9 May 12 30 Apr 12 17.0 - - SCC13CC Call 0.19 306.00 0.13 Out of the Money 0 2 6 16.11 20.59% 350.00 1 : 100@350 23 Dec 11 22 Dec 11 28.9 61.86% 22.49% SCC13PA Put 0.38 306.00 0.25 Out of the Money 0 2 14 8.05 14.38% 300.00 1 : 100@300 31 Dec 11 26 Dec 11 24.1 91.82% 66.32% SSI01CA Call 0.05 0.69 0.05 Out of the Money 0 2 14 34.50 33.33% 0.90 1 : 0.4@0.9 31 Dec 11 30 Dec 11 24.0 56.86% 34.40% SSI01PA Put 2.38 0.69 2.24 Out of the Money 0 2 14 0.72 6.09% 1.60 1 : 0.4@1.6 31 Dec 11 26 Dec 11 20.0 165.03% 0.00% SSI13CA Call 0.03 0.69 0.02 Out of the Money 0 2 13 46.00 47.10% 1.00 1 : 0.5@1 30 Dec 11 23 Dec 11 29.8 69.63% 0.34% STA01CA Call 0.14 19.60 0.06 Out of the Money 0 1 14 28.00 31.12% 25.00 1 : 5@25 1 Dec 11 24 Nov 11 60.0 75.05% 27.00% STA01PA Put 4.10 19.60 4.04 Out of the Money 0 1 14 0.96 0.51% 40.00 1 : 5@40 1 Dec 11 30 Nov 11 10.0 198.08% 20.59% STA13CB Call 0.01 19.60 0.00 Out of the Money 0 0 10 408.60 56.88% 30.70 1 : 4.8@30.7 27 Oct 11 19 Oct 11 22.4 143.46% 33.93% STA13CC Call 1.44 19.60 1.24 Out of the Money 0 7 0 2.72 13.27% 15.00 1 : 5@15 17 May 12 10 May 12 29.2 78.48% 1.00% STA42CB Call 0.02 19.60 0.00 Out of the Money 0 0 26 98.00 54.08% 30.00 1 : 10@30 12 Nov 11 7 Nov 11 30.0 108.15% 20.68% TCAP01CA Call 0.94 26.25 0.53 Out of the Money 0 5 24 5.70 18.35% 26.46 1 : 4.9@26.46 10 Apr 12 2 Apr 12 15.0 62.42% 70.24% THAI01CB Call 0.05 21.20 0.06 Out of the Money 0 2 14 42.40 53.30% 32.00 1 : 10@32 31 Dec 11 30 Dec 11 28.0 71.23% 46.16% THAI13CA Call 0.02 21.20 0.00 Out of the Money 0 0 16 106.00 42.45% 30.00 1 : 10@30 2 Nov 11 26 Oct 11 46.6 101.83% 42.97% THAI13CB Call 0.80 21.20 0.78 Out of the Money 0 6 28 3.31 17.45% 18.50 1 : 8@18.5 15 May 12 8 May 12 30.0 77.51% 0.02% THAI18CA Call 0.22 21.20 0.20 Out of the Money 0 6 14 3.85 25.00% 21.00 1 : 25@21 1 May 12 24 Apr 12 20.0 79.08% 32.45% THAI42CA Call 0.02 21.20 0.00 Out of the Money 0 0 26 106.00 51.89% 32.00 1 : 10@32 12 Nov 11 7 Nov 11 25.0 103.69% 3.24% The opinions and information presented in this report are those of the Globlex Securities Co. Ltd. Research Department. No representation or warranty in any form regarding the accuracy, completeness, correctness or fairness of opinions and information of this report is offered by Globlex Securities Co. Ltd. Globlex Securities Co. Ltd. accepts no liability whatsoever for any loss arising from the use of this report or its contents. This report (in whole or in part) may not be reproduced or published without the express permission of Globlex Securities Co. Ltd.
- 10. Globlex Securities Co. Ltd. 10/18/2011 Derivative Warrant Table 18 October 2011 Price by Black Time to Type DW Stock maturity Gearing Exercise Expire Last DW Implied Cumulative Volume/ DW Scholes Status Premium Exercise Raito of Option Price Price Ratio(x) Price Date Trading Day Issued(mn) Volatility Outstanding Units Model y. m. d. THAI01PB Put 2.30 21.20 2.25 Out of the Money 0 2 14 0.92 0.94% 44.00 1 : 10@44 31 Dec 11 26 Dec 11 20.0 90.08% 2.90% TISC13CA Call 0.06 34.50 0.12 Out of the Money 0 0 4 60.84 0.25% 34.02 1 : 9.45@34.02 21 Oct 11 14 Oct 11 27.8 0.00% 3.73% TMB13CB Call 0.07 1.40 0.06 Out of the Money 0 2 7 30.00 46.19% 2.00 1 : 0.67@2 24 Dec 11 23 Dec 11 29.8 81.23% 2.48% TOP01CA Call 0.34 56.25 0.39 Out of the Money 0 3 11 8.44 11.15% 55.86 1 : 19.6@55.86 27 Jan 12 20 Jan 11 90.0 50.58% 112.65% TOP01PA Put 1.55 56.25 1.53 Out of the Money 0 3 11 1.85 0.69% 86.24 1 : 19.6@86.24 27 Jan 12 20 Jan 12 19.5 68.21% 186.22% TOP08CB Call 0.50 56.25 0.62 Out of the Money 0 3 4 11.48 13.24% 58.80 1 : 9.8@58.8 20 Jan 12 13 Jan 12 10.5 52.30% 20.49% TOP13CC Call 0.39 56.25 0.28 Out of the Money 0 6 18 5.77 35.56% 66.50 1 : 25@66.5 5 May 12 27 Apr 12 49.1 77.47% 5.40% TOP13PA Put 1.18 56.25 1.15 Out of the Money 0 2 14 1.91 1.33% 85.00 1 : 25@85 31 Dec 11 26 Dec 11 28.9 91.12% 1.12% TOP18CC Call 0.35 56.25 0.35 Out of the Money 0 6 11 6.43 22.22% 60.00 1 : 25@60 28 Apr 12 23 Apr 12 20.0 58.47% 2.22% TOP42CB Call 0.14 56.25 0.12 Out of the Money 0 1 9 40.18 23.38% 68.00 1 : 10@68 26 Nov 11 21 Nov 11 21.0 67.62% 6.33% TPIP13CA Call 0.46 12.50 0.33 Out of the Money 0 2 13 6.79 10.72% 12.00 1 : 4@12 30 Dec 11 23 Dec 11 30.0 69.53% 5.82% TRUE01CB Call 0.40 2.96 0.35 Out of the Money 0 3 11 5.92 18.24% 3.00 1 : 1.25@3 27 Jan 12 20 Jan 12 40.0 82.69% 20.73% TRUE13CB Call 0.06 2.96 0.04 Out of the Money 0 2 11 24.67 45.95% 4.20 1 : 2@4.2 28 Dec 11 21 Dec 11 30.0 93.33% 2.54% TRUE18CB Call 0.02 2.96 0.01 Out of the Money 0 0 26 74.00 36.49% 4.00 1 : 2@4 12 Nov 11 7 Nov 11 25.0 90.69% 0.40% TRUE01PB Put 1.26 2.96 1.23 Out of the Money 0 3 11 1.88 2.87% 4.45 1: 1.25@4.45 27 Jan 12 20 Jan 12 20.0 79.68% 15.20% TUF06CB Call 2.44 53.00 2.28 Out of the Money 0 4 2 4.41 6.22% 44.29 1: 4.92@44.29 18 Feb 12 13 Feb 12 15.0 58.70% 0.00% TUF13CA Call 0.73 53.00 0.73 Out of the Money 0 2 5 7.26 4.34% 48.00 1: 10@48 22 Dec 11 15 Dec 11 27.8 51.19% 2.22% TUF42CB Call 0.95 53.00 0.87 Out of the Money 0 1 9 5.58 2.83% 45.00 1: 10@45 26 Nov 11 21 Nov 11 30.0 35.90% 3.20% Note: Cumulative Volume and Implied Volatility were calculated from 11/10/2011 Exercise Ratio is no. of shares of common stock : DW The opinions and information presented in this report are those of the Globlex Securities Co. Ltd. Research Department. No representation or warranty in any form regarding the accuracy, completeness, correctness or fairness of opinions and information of this report is offered by Globlex Securities Co. Ltd. Globlex Securities Co. Ltd. accepts no liability whatsoever for any loss arising from the use of this report or its contents. This report (in whole or in part) may not be reproduced or published without the express permission of Globlex Securities Co. Ltd.