《高盛認股證牛熊證》 內銀股造好 資金持續流入建行牛 留意少數貼價牛55498;高槓桿購17994、沽14251
正股表現:內地PMI勝預期,加上人行今日意外開展中期借貸便利操作,內行股全面上升,工行(1398)及建行(0939)分別上升4.3%及2.8%,報5.08及6.27元,兩者同是連升4日,見近4個月高位,同時是現時升幅最大的兩隻藍籌股。
資金流向:觀察個股輪證資金流向,相對於建行認購證,建行牛證見較多而且較持續資金流入,過去8個交易日皆錄得資金流入,金額合共逾900萬元;而建行及工行認購證於過去5個交易日分別有約200萬及400萬元流入。
產品選擇:投資者如看好建行,牛證可留意貼價牛55498,收回價5.8元,是市場上少數較貼價、高槓桿的牛證;認購證則可留意建行購17994,是中期輕微價外證中槓桿最高的選擇,條款及槓桿都突出。投資者如看淡則可留意中期輕微價外證中槓桿最高的建行沽14251。
建行牛55498,收回價5.8元,行使價5.7元,換股比率10,槓桿比率11.6倍,少數貼價、高槓桿
建行購17994,行使價6.79元,2021年02月26日到期,實際槓桿11.2倍,行使價6.3至7元間、2個月期以上產品中,槓桿最高
建行沽14251,行使價5.28元,2021年04月28日到期,實際槓桿8.9倍,行使價5.2至6.2元間、2個月期以上產品中,槓桿最高
投資者如看好工行,認購證可留意輕微價外工行購19901,屬高槓桿的選擇;牛證方面則可留意低街貨工行牛51182。
工行購19901,行使價5.81元,2021年01月22日到期,實際槓桿13.0倍,輕微價外、高槓桿
工行牛51182,收回價4.2元,行使價4.1元,換股比率10,槓桿比率5.3倍,低街貨
註: 以上數據資料來自高盛認股證牛熊證網站https://www.gswarrants.com.hk/~
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