《瑞銀窩輪》恆指下試25300點資金避險留意恆指沽22181、S金購21550
經過週一的好淡爭持,週二恆指再次展開下行局面,阿根廷股市隔晚急挫3成,美股當晚不斷尋底,而受到中美貿易戰持續、香港政治局勢不穩影響,加上外圍市場表現差,港股週二低開低走,跌穿上週二的低位,跌穿25300點水平,今年的累積升幅已完全回吐。恆指現時的現時的9天和14天的RSI相對強弱指數均已跌穿30,為市場人士普遍認為超賣的水平。根據瑞銀於星期二的即市資金流紀錄,資金流入恆指牛證以及認購證,反映投資者或看好大市短線的走勢。由於市況波動,投資者在揀選牛熊證宜留意收回價較穩健的選擇,或可轉為留意認股證作部署。如投資者看好指,可留意指認購19774,行使價27300點,19年11月到期,有效槓桿約17.倍。相反,不過由於近日大市跌勢非常急,之前較熱門的認沽證或已變得非常貼價或價內,令有效槓桿降低,如投資者看淡指,可留意近日新上市的指認沽22181,行使價25400點,19年12月到期,有效槓桿約8.8倍。
另外,近日大市再度有避險情緒,不過之前比較受歡迎的避險板塊如公用股、收租股、房地產信託以及快餐股近日都受影響而表示不佳,所以資金近日轉戰黃金相關股份,當中SPDR金ETF(2840)近日走勢甚強,8月至今已升7%,如投資者看好S金,可留意SPDR金ETF認購21550,行使價1221港元,20年1月到期,有效槓桿約11.倍。另外紫金(2899)反而走勢較落後,憧憬紫金有機會受惠金價急升的投資者,可留意紫金礦業認購20473,行使價3.81港元,19年11月到期,有效槓桿約7.7倍。
更多窩輪牛熊資訊:瑞銀證網站: www.ubs.com/hkwarrants卓素華董事
瑞銀亞洲股票衍生產品銷售部
本產品並無抵押品。 如發行人無力償債或違約,投資者可能無法收回部份或全部應收款項。筆者為UBS AG的代表(作為證監會持牌人),並未持有相關上市公司的任何財務權益。本資料由瑞銀刊發,其並不構成買賣建議、邀請、要約或遊說。結構性產品價格可急升或急跌,投資者可能會蒙受全盤損失。過往表現並不反映將來表現。牛熊證備強制贖回機制而可能被提早終止,屆時 (i) N類牛熊證投資者將不獲發任何金額;而(ii) R類牛熊證之剩餘價值可能為零。投資前應瞭解有關風險,並諮詢專業顧問及查閱有關上市文件。UBS Securities Hong Kong Limited為結構性產品之流通量提供者,亦可能是唯一報價者或巿場參與者。c UBS 2019。版權所有。~重要聲明:
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