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《高盛認股證牛熊證》小鵬首日破發 部署宜留意貼價購17126
阿思達克 07-07 11:20
正股表現:小鵬汽車(9868)昨日暗盤收報164.3元,較招股價低約0.4%。今早則高開見168.5元後倒跌,最低見159.3元。及後跌幅收窄,現報162元。從事電動車設計、製造及銷售的小鵬汽車今次以雙重上市形式在港掛牌,合共發售8,500萬股。當中5%公開發售股份獲超額認購約14倍。

產品選擇:小鵬相關窩輪與正股亦於今日同步上市,供投資者有更多投資選擇。當中可留意屬行使價160至190元間的認購證中,槓桿最高的貼價小鵬購17126。

小鵬購17126,行使價188元,2022年01月07日到期,實際槓桿3.3倍,貼價、市場上行使價160至190元間產品中,槓桿最高

小鵬購17130,行使價228元,2022年03月30日到期,實際槓桿2.9倍,價外、長年期選擇

部署策略:投資者選擇產品時,須注意股價高開低走,引致市場上不少條款的認購證已十分價外,因此在選擇時須仔細留意,價外的窩輪受波幅影響較大,貼價證則對沖值較高,更能近貼正股升幅。

投資者可考慮「揀輪三部曲」的策略選擇產品,包括建議選擇價外幅度10%至15%的產品,並留意即市價格;避免太長年期的產品使槓桿及潛在回報受影響;建議比較產品及格價,宜選擇引伸波幅較低,即槓桿較高的產品。

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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