《高盛認股證牛熊證》續憧憬中概股回港上市股價高企 留意熱門購20294、牛51316;少數貼價沽12449
正股表現:港交所(0388)受惠於中概股回歸概念,股價處於近兩年高位,現報292元,無升跌。網易來港第二上市招股期將稍後結束,截至昨日超額認購近131.5倍。有報導指,網易導定價將為每股123元,集資約210億元。此外,亦有報導指京東已通過上市聆訊,並料於下週招股。
資金流向:觀察個股認股證資金流向,可見近期資金持續部署認沽證,過去5個交易日皆錄得資金流入,合共約1,120萬元。
產品選擇:觀察市場上的認購證,可見現時合適條款的價外產品選擇只剩不多,而近期資金關注行使價320元附近、十一月到期的產品。投資者如看好,可留意當中槓桿最突出的港交購20294。貼價的選擇則可留意價外幅度3%,屬另一近期熱門條款的港交購11713。
港交購20294,行使價320.2元,2020年11月26日到期,實際槓桿8.5倍,熱門條款產品中,槓桿最高
港交購11713,行使價301.08元,2021年03月31日到期,實際槓桿6.0倍,貼價
投資者如計劃部署牛證,現階段可留意港交牛51316,收回價與現價有約11%差距。
港交牛51316,收回價260.18元,行使價258.18元,換股比率500,槓桿比率8.9倍,相近收回價牛證中槓桿最高
相反,投資者如看淡,可考慮選擇貼價證作部署,從而避免對沖值太低。可留意年期約7個月,屬市場少數貼價條款的港交沽12449。
港交沽12449,行使價260元,2020年12月30日到期,實際槓桿5.4倍,市場少數貼價條款認沽證
註: 以上數據資料來自高盛認股證牛熊證網站~
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