《汇丰轮证》中石化股价继续寻底 两手准备可留意购22220/熊65718
中美贸易协议仍只闻楼梯响，市场观望气氛浓厚，加上美国零售数据未如理想，投资者担心经济放缓，利淡环球股市表现。原油需求前景带来不明朗，及美国上周美国原油库存增幅远超市场预期，油价下跌纽约期油跌逾3%。受油价下跌拖累，三桶油继续反覆寻底。中石化(0386)股价回落至2016年初低位，今早失守4.50元水平。股价自去年六月高位8.35元急回近4成7，若认为股价累计跌幅已深，看好中线反弹的话可留意中化认购证22220，行使价 5.38 元， 2020年6月到期 ，实际杠杆 10.5 倍。相反，如认为股价大势已去，看淡可留意中化熊证65718，收回价 4.93 元， 2020年4月到期 ，实际杠杆 6.8 倍。陈恩因
汇丰环球资本市场机构客户及财富管理联席总监
更新日期及时间: 2019年11月20日上午10:30
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