《瑞銀窩輪》阿里將公布業績 看好留意阿里牛58875、購21350
憂慮武漢肺炎疫情持續擴散，不過大市似乎沒有受大幅拖累，恆指在農曆新年過後急跌數天，但近星期恆指反彈，幾乎已修復有關失地。成份股中不少投資者留意騰訊(0700)，而非成份股中阿里巴巴(9988)則較得市場注意，主要因為根據彭博資訊，阿里巴巴將於2月13日公布業績，資金開始部署，由2月6日至2月11日的4個交易日內，阿里巴巴認購證累計約有9945萬港元資金淨流入，令阿里成為近日輪場的吸金王。
而更理想的是，第一批阿里的牛熊證終於在本星期上場，牛熊證一般有效槓桿較高，為投資者提供多一個選擇。而業績前一般引伸波幅較硬淨，而業績過後引仲波幅多會受壓，對認股證的影響較大。牛熊證較少受引伸波幅以及時間值所影響，適合想避開引伸波幅或打算作中線部署的投資者。所以如果投資者希望以衍生工具部署阿里的業績，除了認股證，亦可考慮牛熊證的選擇：
阿里認購21350，行使價241.08港元，20年5月到期，有效槓桿約10.倍。
阿里認沽17827，行使價208港元，20年7月到期，有效槓桿約6.3倍。
阿里牛證61624，收回價210港元，20年5月到期，有效槓桿約27.倍。
阿里牛證58875，收回價204.8港元，20年8月到期，有效槓桿約15.倍。
阿里熊證60354，收回價224港元，20年12月到期，有效槓桿約19.倍。
更多窩輪牛熊資訊：瑞銀證網站: www.ubs.com/hkwarrant
窩證教學及巿況焦點短片:
https://www.youtube.com/channel/UCKw86qy4eBAInmd52MND45Q?view_as=subscriber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 2020。版權所有。~重要聲明:
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