《瑞银窝轮》憧憬落实降准 留意CALL建行12534、招行28996
随着早前中美表明达成首阶段贸易协议，市场憧憬对内地来年经济会有所帮助，作为百业之母的银行，其股价亦重拾动力。建行(0939)由8月中5.55港元的低位起步，至今呈一浪高於一浪的形态上升，进入一个延续了近4个月的上升通道。12月初於6.12港元亦即当时的上升通道底部觅得支持并回升，经过假期前於6.6港元整固後，假期後周五(27日)终於以大阳烛突破，创超过半年的高位。
国务院总理李克强上周初明言会进一步研究采取降准和定向降准，以帮助小微企融资，降低其实际利率和综合融资成本。由於央行过往惯常於周五或周末宣布减息降准，令市场於假期後追捧内银股。若看好内银股，可留意呈突破的建行，或一向强势的招商银行(3968)，招行近日回升至40港元心理关口整固，暂未如建行般出现突破。内银CALL轮精选：
建行认购12534，行使价6.89港元，20年4月到期，有效杠杆约11.倍。
招行认购28996，行使价42.5港元，20年3月到期，有效杠杆约11倍。
更多窝轮牛熊资讯：瑞银证网站: www.ubs.com/hkwarrant
窝证教学及市况焦点短片:
https://www.youtube.com/channel/UCKw86qy4eBAInmd52MND45Q?view_as=subscriber周国威董事
瑞银亚洲股票衍生产品销售部
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