《高盛認股證牛熊證》美團再創新高留意最貼價條款沽13613,最高槓桿牛之一51002
正股表現:美團(3690)昨日大升約7.8%。今早繼續上升,最高見175.9元,繼昨日再創歷史新高。現報172.1元,升不足0.1%。有券商指美團正在外賣及快消品電商業務積極發展,並料未來四至五年能在市場上擁有較強地位。該行並料美團今年至2024年財年收入及EBITDA的年複合增長分別可達44%及83%,給予「跑贏大市」評級,目標價210元。
資金流向:觀察個股輪證資金流向,可見昨日資金明顯有部署美團相關資產,並主要集中在淡倉,當中認沽證及熊證分別錄得約1,250萬及670萬元資金流入。而牛證於昨日亦錄得約190萬元資金流入。
產品選擇:觀察市場上的美團相關產品,可見有條款突出的產品供選擇,因此投資者可利用高盛的認股證搜尋器及牛熊證搜尋器協助篩選。
投資者如看淡,認沽證方面可留意價外幅度約9%,年期約6個月,屬市場上最貼價條款的美團沽13613。投資者如計劃部署熊證,則可留意美團熊63968,收回價與現價有約29元差距。
美團沽13613,行使價158元,2020年12月11日到期,實際槓桿3.4倍,市場上最貼價條款認沽證
美團熊63968,收回價200.98元,行使價201.98元,換股比率500,槓桿比率5.8倍,相近收回價熊證中槓桿最高
相反,投資者如看好,由於現時市場上普遍所有價外認購證的面值已高於0.25元,敏感度會降低,因此建議考慮以牛證作部署。投資者可留意屬市場上槓桿最高之一的美團牛51002,收回價與現價有約14元差距。另可留意價外高槓桿購13623。
美團牛51002,收回價158.18元,行使價155.18元,換股比率100,槓桿比率9.3倍,市場上槓桿最高牛證之一
註: 以上數據資料來自高盛認股證牛熊證網站~
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