《高盛認股證牛熊證》平保表現最落後藍籌 友邦回調整固 好倉留意平保高槓杆購28634、貼價購26728,友邦貼價購23161
正股表現:保險股今早跟隨大市下跌,平保(2318)今早低開約3.2%後失守50元水平,最低見48.8元,觸及一年低位。現報49.05元,跌約7.5%。平保將於本週四公佈去年業績,市場料去年純利料介乎1,028.89億至1,233.12億元人民幣,按年下跌13.8至28.1%。各券商普遍給予看好評級,目標價最高98元。
友邦(1299)今日早段低見73.8元後跌幅略收窄,現報74.2元,跌約4.3%。有券商在友邦公佈業績後表示友邦去年業績強勁,泰國及香港市場增長佳。該行上調友邦2022年新業務價值預測至39.48億美元,評級上調至「買入」,目標價102元。
資金流向:觀察個股輪證資金流向,近期資金兩邊部署保險股,當中好倉資金較多,平保過去5個交易日皆錄得資金流入,合共約890萬元。認沽證則於上週五及本週一共錄得約290萬元資金流入。
友邦方面,認購證也於過去5個交易日共錄得約610萬元資金流入。認沽證於過去4個交易日皆錄得資金流入,合共約190萬元。
產品選擇:投資者如看好平保,認購證方面的進取高槓杆選擇可留意年期約3個月的低面值平安購28634。貼價選擇可留意屬長年期的平安購26728,時間值損耗低。牛證方面的近牛選擇可留意平安牛64152,遠牛選擇可留意平安牛69146,與現價有約4及6元收回距離。
平安購28634,行使價66.93元,2022年06月07日到期,實際槓桿11.1倍,進取、高槓杆、低面值
平安購26728,行使價60.93元,2023年03月28日到期,實際槓桿4.7倍,貼價、長年期
平安牛64152,收回價45元,行使價44.4元,換股比率100,槓桿比率9.4倍,相近收回價近牛中槓桿最高
平安牛69146,收回價43元,行使價42.4元,換股比率100,槓桿比率6.5倍,相近收回價遠牛中槓桿最高
投資者如看淡平保,可留意年期約3個月,屬高槓杆的平安沽18059。
平安沽18059,行使價42.95元,2022年06月22日到期,實際槓桿5.4倍,高槓杆
投資者如看好友邦,認購證方面的貼價選擇可留意屬中長年期的友邦購23161。高槓杆選擇可留意低面值友邦購12917。牛證方面的近牛選擇可留意友邦牛65319,遠牛選擇可留意友邦牛63312,與現價有約5及10元收回距離。
友邦購23161,行使價85.05元,2022年12月20日到期,實際槓桿5.7倍,貼價、中長年期
友邦購12917,行使價88元,2022年09月23日到期,實際槓桿7.3倍,高槓杆、低面值
友邦牛65319,收回價70元,行使價69.4元,換股比率100,槓桿比率14.1倍,相近收回價近牛中槓桿最高
友邦牛63312,收回價65元,行使價64.4元,換股比率100,槓桿比率7.3倍,相近收回價遠牛中槓桿最高
投資者如看淡友邦,認沽證方面可留意年期約9個月,屬貼價的低街貨友邦沽12479。熊證方面可留意新上市友邦熊58220,與現價有約9元收回距離。
友邦沽12479,行使價80元,2022年12月21日到期,實際槓桿3.2倍,貼價、低街貨
友邦熊58220,收回價85元,行使價85.6元,換股比率100,槓桿比率6.3倍,新上市
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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