《高盛认股证牛熊证》腾讯业绩後逆市升上逾一年高位留意少数低街货贴牛69632兼最高杠杆;贴价沽22884
正股表现:腾讯(0700)昨日收市後公布今年首季业绩,期内营业额达1,080.65亿元人民币,按年升26.4%;非国际财务报告准则计纯利达270.79亿元人民币,按年升29%。有券商指腾讯业绩胜预期,并指其网游及广告业务前景转佳。该行维持腾讯「买入」投资评级,目标价520元。腾讯今早再创一年新高见447元,及後升幅收窄,现报435.4元,升约1.4%。
资金流向:观察个股认股证资金流向,可见近期认购证及认沽证皆获资金部署,当中认朋证於本周二及本周三共录得约6,560万元资金流入。认沽证则於过去4个交易日皆录得资金流入,合共约4,550万元。牛熊证方面,则见牛证於过去3个交易日共录得高达1.78亿元资金流入。而熊证则於过去4个交易日共录得约3,450万元资金流入。
产品选择:由於近日资金不断吸纳牛证,引致收回价410元或以上的产品的街货量已达100%,因此投资者如计划部署牛证,须注意市场供求或会令产品价格偏离理论价格。投资者可留意撇除市场上100%街货的产品後,属杠杆最高及低街货的腾讯牛69632。投资者如计划部署认购证,可留意价外幅度约6%,年期约3个月的腾讯购22542。
腾讯牛69632,收回价409.99元,行使价407.49元,换股比率100,杠杆比率13.6倍,撇除100%街货牛证後,杠杆最高兼低街货
腾讯购22542,行使价463.08元,2020年08月24日到期,实际杠杆10.1倍,高杠杆
相反,投资者如看淡,认沽证方面可留意年期约3个月,属市场上最贴价条款的腾讯沽22884。投资者如计划部署熊证,现阶段可留意腾讯熊66000,收回价与现价有约19.5元差距。
腾讯沽22884,行使价399.8元,2020年08月24日到期,实际杠杆8.5倍,市场上最贴价条款认沽证
腾讯熊66000,收回价455元,行使价457.5元,换股比率100,杠杆比率17.7倍,相近收回价熊证中杠杆最高
注: 以上数据资料来自高盛认股证牛熊证网站~
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