《高盛认股证牛熊证》续憧憬中概股回港上市股价高企 留意热门购20294、牛51316;少数贴价沽12449
正股表现:港交所(0388)受惠於中概股回归概念,股价处於近两年高位,现报292元,无升跌。网易来港第二上市招股期将稍後结束,截至昨日超额认购近131.5倍。有报导指,网易导定价将为每股123元,集资约210亿元。此外,亦有报导指京东已通过上市聆讯,并料於下周招股。
资金流向:观察个股认股证资金流向,可见近期资金持续部署认沽证,过去5个交易日皆录得资金流入,合共约1,120万元。
产品选择:观察市场上的认购证,可见现时合适条款的价外产品选择只剩不多,而近期资金关注行使价320元附近、十一月到期的产品。投资者如看好,可留意当中杠杆最突出的港交购20294。贴价的选择则可留意价外幅度3%,属另一近期热门条款的港交购11713。
港交购20294,行使价320.2元,2020年11月26日到期,实际杠杆8.5倍,热门条款产品中,杠杆最高
港交购11713,行使价301.08元,2021年03月31日到期,实际杠杆6.0倍,贴价
投资者如计划部署牛证,现阶段可留意港交牛51316,收回价与现价有约11%差距。
港交牛51316,收回价260.18元,行使价258.18元,换股比率500,杠杆比率8.9倍,相近收回价牛证中杠杆最高
相反,投资者如看淡,可考虑选择贴价证作部署,从而避免对冲值太低。可留意年期约7个月,属市场少数贴价条款的港交沽12449。
港交沽12449,行使价260元,2020年12月30日到期,实际杠杆5.4倍,市场少数贴价条款认沽证
注: 以上数据资料来自高盛认股证牛熊证网站~
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