《高盛認股證牛熊證》百威轉倉策略 可鎖定利潤兼保持槓桿 留意少數高敏感度購11667
正股表現:百威(1876)上週五回吐,收市跌約0.8%。今早則反彈,現報31.5元,升約0.8%。有券商料百威將成為中國、印度及越南啤酒消費升級的最大受益者之一,並給予目標價34元。
資金流向:觀察個股認股證資金流向,可見自上月30日起的8個交易日,共錄得約3,600萬元資金流入認購證,為同期第二多資金流入的認股證相關資產,僅次騰訊認購證。
產品選擇:早前持有認購證,並錄得帳面利潤的投資者,如繼續看好,現階段可考慮轉倉至較高行使價的產品繼續部署,一來可鎖定部分利潤,二來亦可保持較佳槓桿。
進而觀察市場上的認購證,可見現時面值低於0.25元的產品選擇不多。投資者可留意當中的百威購11667,屬高敏感度的選擇。
百威購11667,行使價38.93元,2020年03月23日到期,實際槓桿5.2倍,少數面值低於0.25元,高敏感度認購證高盛其他產品條款:
百威購11381,行使價35.88元,2020年04月02日到期,實際槓桿5.1倍
百威購11292,行使價33.88元,2020年03月31日到期,實際槓桿4.8倍
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