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《高盛認股證牛熊證》汽車股全線造好 跑贏大市 留意貼價比迪購12779、價外沽20218;貼價吉利購19252、貼價沽20222
阿思達克 04-14 11:03
正股表現:中國汽車工業協會早前公布最新數據,上月汽車銷量達252.6萬輛,按年升74.9%。此外,中國乘聯會亦於早前公布最新數據,上月乘用車市場零售達175.2萬輛,按年升67.2%。

汽車股今早全線向好,自上週五起連跌三日,累計跌逾5%的比亞迪(1211),昨日失守170元水平,收市跌約1.2%。今早開市隨即重上170元水平,高開約2.8%後升幅擴大,最高見179元,現報176.2元,升約4.7%。

昨日收市持平的吉利(0175),今早高開約3.2%後重上20元水平,最高見20.7元,現報20.2元,升約5%。有報導引述消息,指吉利母公司浙江吉利控股集團,擬就協助汽車品牌「蓮花」(Lotus)拓展到中國的電動車市場事宜,集資約10億美元。

資金流向:觀察個股輪證資金流向,可見比亞迪認購證於截至本週一的4個交易日皆錄得資金流入,合共約370萬元後,昨日獲資金轉向沽出。牛熊證方面,可見昨日牛證獲資金轉向流入。而昨日流入熊證的資金則集中在182元以下收回價的貼熊。

吉利方面,可見近期資金持續吸納好倉,當中認購證於過去3個交易日皆錄得資金流入,合共約1,410萬元。牛證則於過去5個交易日皆錄得資金流入,並見昨日流入牛證的資金較集中在16至16.5元收回區域的產品。

產品選擇:投資者如看好比亞迪,認購證方面的貼價選擇可留意年期約2個月的高槓桿比迪購12779。價外選擇可留意年期約2個月的高槓桿比迪購11071。牛證方面可留意屬近牛的比迪牛61682,與現價有約16.2元收回距離。

比迪購12779,行使價195.1元,2021年06月25日到期,實際槓桿6.6倍,貼價、高槓桿

比迪購11071,行使價216.08元,2021年06月23日到期,實際槓桿7.0倍,價外、高槓桿

比迪牛61682,收回價160元,行使價156元,換股比率500,槓桿比率7.5倍,相近收回價近牛中槓桿最高

投資者如看淡比亞迪,認沽證方面可留意年期約5個月,屬輕微價外的低街貨比迪沽20218。熊證方面可留意屬遠熊的比迪熊54132,與現價有約23.8元收回距離。

比迪沽20218,行使價149.9元,2021年09月21日到期,實際槓桿3.4倍,輕微價外、低街貨

比迪熊54132,收回價200元,行使價204元,換股比率500,槓桿比率5.9倍,近23.8元收回距離遠熊

投資者如看好吉利,認購證方面的貼價選擇可留意年期約3個月的高槓桿吉利購19252。價外選擇可留意年期約2個月的高槓桿吉利購12725。牛證方面可留意屬市場上最貼價之一的吉利牛57753,與現價有約6%收回距離。

吉利購19252,行使價22.85元,2021年07月05日到期,實際槓桿7.2倍,貼價、高槓桿

吉利購12725,行使價24.55元,2021年06月25日到期,實際槓桿7.6倍,價外、高槓桿

吉利牛57753,收回價19元,行使價18.5元,換股比率50,槓桿比率10.0倍,市場上最貼牛之一

投資者如看淡吉利,認沽證方面可留意年期約5個月,屬貼價的吉利沽20222。熊證方面可留意吉利熊57769,與現價有約12%收回距離。

吉利沽20222,行使價17.48元,2021年09月23日到期,實際槓桿3.8倍,貼價

吉利熊57769,收回價23元,行使價23.5元,換股比率50,槓桿比率5.7倍,相近收回價熊證中槓桿最高

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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