《瑞银窝轮》憧憬减息周期加快看好本地地产留意新地购20106
中美在习特会达成共识，市场由静待转趋乐观，市场开始注视美国减息预期，主要因为美国10年国债息跌穿2厘，减息周期有望加快，周三一众地产相关股炒起，新鸿基地产(0016)股价上升，挑战135.5港元，领展(0823)上试98港元，而恒基地产(0012)亦升超过2%。新地有充足土地储备，前者的业务涉及物业租赁以及运输等范畴，风险较分散，而恒地的农地储备非常多，而且已开始逐步转换。不过周三本港银行同业拆息抽升，本港楼宇按揭多以港元同业拆息定价或作参考，所以就算美国减息，香港是否能完全受惠或成疑。所以投资者部署地产股亦宜两手准备。
新地认购20106，行使价141.51港元，19年11月到期，有效杠杆约10.倍。
新地认沽26161，行使价118.88港元，19年8月到期，有效杠杆约20.倍。
领展认购19900，行使价111.88港元，19年12月到期，有效杠杆约9.7倍。
领展认沽15864，行使价84.73港元，20年8月到期，有效杠杆约4.5倍。
恒地认购20992，行使价44.436港元，19年10月到期，有效杠杆约9.0倍。
更多窝轮牛熊资讯：瑞银证网站: www.ubs.com/hkwarrants 卓素华 董事
瑞银亚洲股票衍生产品销售部
本产品并无抵押品。 如发行人无力偿债或违约,投资者可能无法收回部份或全部应收款项。笔者为UBS AG的代表(作为证监会持牌人)，并未持有相关上市公司的任何财务权益。本资料由瑞银刊发，其并不构成买卖建议、邀请、要约或游说。结构性产品价格可急升或急跌，投资者可能会蒙受全盘损失。过往表现并不反映将来表现。牛熊证备强制赎回机制而可能被提早终止，届时 (i) N类牛熊证投资者将不获发任何金额;而(ii) R类牛熊证之剩余价值可能为零。投资前应了解有关风险，并谘询专业顾问及查阅有关上市文件。UBS Securities Hong Kong Limited为结构性产品之流通量提供者，亦可能是唯一报价者或市场参与者。c UBS 2019。版权所有。~ 重要声明:
以上资讯由第三方提供，AASTOCKS.com Limited对於任何包含於、经由、连结、下载或从任何与本网站有关服务所获得之资讯、内容或广告，不声明或保证其内容之正确性或可靠性。对於您透过本网站上之广告、资讯或要约而展示、购买或取得之任何产品、资讯资料，本公司亦不负品质保证之责任。
Follow us
Find us on
Facebook,
Twitter ,
Instagram, and
YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the
uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app！
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
