《高盛认股证牛熊证》阿里回吐落后大市 资金部署好仓 留意高杠杆购19725、贴价购17536,近牛66706
正股表现:阿里(9988)昨日回调,今早再度回吐。现报124.7元,跌约2.3%,落后大市。有券商指阿里宣布调整架构以更好地结合淘宝及天猫,对有关整合于市场复苏下的潜在业绩加强感到乐观。该行并料阿里第三财季收入达2,431亿元人民币,按年升10%,维持对其「买入」评级,目标价210元。
资金流向:观察个股轮证资金流向,昨日资金转向部署好仓,认购证录得约500万元资金流入。昨日流入牛证的资金有约240万元,并较集中在106元以上贴价收回区域的产品。
淡仓方面,认沽证于过去3个交易日皆录得资金流入,合共约900万元。昨日流入熊证的资金较集中在138元收回区域的产品。
产品选择:观察市场上的认购证,可见行使价141元条款的产品已累积大量街货,若股价反弹不少投资者将会沽货获利,从而影响轮价表现。投资者如看好,认购证方面的高杠杆选择可留意低街货阿里购19725,且为50兑1的高敏感度选择。贴价选择可留意年期约5个月的阿里购17536。牛证方面的近牛选择可留意阿里牛66706,远牛选择可留意阿里牛57700,与现价有约10及17元收回距离。
阿里购19725,行使价148.98元,2022年05月26日到期,实际杠杆5.8倍,高杠杆、低街货,50兑1高敏感度
阿里购17536,行使价128.98元,2022年06月23日到期,实际杠杆4.4倍,贴价
阿里牛66706,收回价115元,行使价113元,换股比率100,杠杆比率10.5倍,相近收回价近牛中杠杆最高
阿里牛57700,收回价108元,行使价106元,换股比率100,杠杆比率6.6倍,相近收回价远牛中杠杆最高
投资者如看淡,认沽证方面可留意年期约3个月,属高杠杆的低街货阿里沽18636。熊证方面可留意属近熊的阿里熊67165,与现价有约15元收回距离。
阿里沽18636,行使价109.9元,2022年04月22日到期,实际杠杆4.6倍,高杠杆、低街货
阿里熊67165,收回价140元,行使价142元,换股比率100,杠杆比率6.8倍,相近收回价近熊中杠杆最高
注: 以上数据资料来自高盛认股证牛熊证网站https://www.gswarrants.com.hk/~
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