《瑞銀窩輪》港交所衝穿270港元兩手準備購18454、沽27004
週二恆指明顯反彈，走勢除了受到騰訊(0700)的反彈所帶動外，港交所(0388)可謂功不可沒，股價挑戰270港元的水平。港交所本月至今已累積升近一成，主要是市場憧憬阿里巴巴即將回流香港上市，保留同股不同權，如上市成功，集資額有機會達200億美元，更有機會刺激港股成交。如投資者看好港交，可留意港交所認購18454，行使價283.48港元，19年12月到期，有效槓桿約7.8倍。
不過，近日不少資金流入港交所的認沽證。事實上近日大市成交金額不高，6月份港股成交金額日均為800億港元，是今年半年以來的低位，比3月高峰期日均成交1100億港元相距27%，當時港交所的股價亦在270至280港元左右，而且現時港交所PE為32.3倍，如投資者認為港交所短期升勢過急，在暫時大市成交額仍處於低水平期間有機會受壓，可留意港交所認沽27004，行使價248.88港元，19年9月到期，有效槓桿約12.倍，或港交所認沽19456，行使價220.68港元，19年11月到期，有效槓桿約9.2倍。
更多窩輪牛熊資訊：瑞銀證網站: www.ubs.com/hkwarrants 卓素華 董事
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