《高盛認股證牛熊證》 阿裏突破一個月高 券商維持「買入」評級 留意高槓杆購24949,高槓杆沽25256,近熊59878
正股表現:阿裏(9988)上週五突破150元水平收市,升約5.6%,今早繼續上升。早上高開約4.8%後升幅擴大,最高見168.8元,突破一個月高位。現報168.7元,升約8.5%,目前爲連續第4日上升。
有券商指近期中國宏觀經濟轉弱,受累房地產市場下行等影響整體消費市場增長放緩。該行料阿裏2022財年至2024年財年收入增長25%、22%及20%,維持「買入」評級,目標價246元。
資金流向:觀察個股輪證資金流向,可見認沽證於上週四錄得約350萬元資金流入後,上週五獲資金轉向沽出。熊證則於上週五獲資金繼續流入,有約160萬元,並集中在164至166元,目前已被收回的產品。
好倉方面,則見上週五部署牛證的資金主要沽出,流入的資金集中在136至140元收回區域的產品。
產品選擇:投資者如看好,認購證方面的高槓杆選擇可留意年期約4個月的阿裏購24949。貼價選擇可留意年期約4個月的阿裏購25431。牛證方面可留意阿裏牛59286,與現價有約 38.5元收回距離。
阿裏購24949,行使價186元,2022年01月26日到期,實際槓桿6.7倍,高槓杆
阿裏購25431,行使價172.98元,2022年02月16日到期,實際槓桿5.3倍,貼價
阿裏牛59286,收回價130元,行使價128元,換股比率500,槓桿比率4.1倍,近38.5元收回距離牛證
投資者如看淡,認沽證方面的高槓杆選擇可留意年期約5個月的低街貨阿裏沽25256。熊證方面的近熊選擇可留意阿裏熊59878,與現價有約11元收回距離。遠熊選擇可留意阿裏熊59039,與現價有約31元收回距離。
阿裏沽25256,行使價135元,2022年02月25日到期,實際槓桿4.6倍,高槓杆
阿裏熊59878,收回價180元,行使價182元,換股比率500,槓桿比率10.9倍,相近收回價近熊中槓桿最高
阿裏熊59039,收回價200元,行使價202元,換股比率500,槓桿比率4.8倍,相近收回價遠熊中槓桿最高
注: 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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