《高盛認股證牛熊證》匯控倒跌落後 內銀連升多日 留意匯控貼價購16719,建行貼價購11767,工行貼價購29697
正股表現:匯控(0005)由本週三起連升3日,而今早則回吐,最低見53.85元,現報53.9元,跌約0.8%,表現落後大市。匯控公佈,上週五於倫敦市場回購239.73萬股,涉資1,265.21萬英鎊。
建行(0939)由上月24號起連升,今早低開後反彈。現報5.97元,升約0.7%,目前爲連續第8日上升。有券商指建行具有長期管理能力,以及好過預期的信貸成本控制,上調其目標價並重申「買入」評級。
工行(1398)上週五升約0.6%,今早亦低開後反彈,現報4.85元,升約0.2%,連升第5日。有券商指工行去年每股盈利及派息均高於預期、盈利表現具質素、資產質量穩健。該行維持對工行「買入」評級。
資金流向:觀察個股輪證資金流向,匯控認購證於上週四及上週五共錄得約50萬元術金流入。認沽證於上週三及上週四共錄得約150萬元資金流入後,上週五獲資金轉向沽出。
建行方面,上週五見資金轉向流入牛證,有約20萬元,並集中在5元以上收回價的產品。
工行方面,牛證於上週五繼續獲資金流入,有約60萬元並集中在4元收回區域的產品。
產品選擇:投資者如看好匯控,認購證方面的貼價選擇可留意年期約3個月的匯豐購16719。高槓杆選擇可留意年期約4個月的匯豐購21677。牛證方面可留意屬近牛的匯豐牛64531,與現價有約4元收回距離。
匯豐購16719,行使價55.93元,2022年06月27日到期,實際槓桿11.6倍,貼價
匯豐購21677,行使價60元,2022年07月26日到期,實際槓桿12.0倍,高槓杆
匯豐牛64531,收回價50元,行使價49元,換股比率100,實際槓桿10.1倍,相近收回價近牛中槓桿最高
投資者如看淡匯控,認沽證方面可留意年期約4個月,屬貼價的低街貨匯豐沽24557。熊證方面可留意屬遠熊的匯豐熊67995,與現價有約6元收回距離。
匯豐沽24557,行使價48.83元,2022年07月22日到期,實際槓桿9.6倍,貼價、低街貨
匯豐熊67995,收回價60元,行使價61元,換股比率100,實際槓桿7.4倍,近6元收回距離遠熊
投資者如看好建行,認購證方面可留意年期約4個月,屬貼價的低街貨建行購11767。牛證方面可留意建行牛66733,與現價有約15%收回距離。
建行購11767,行使價6元,2022年07月22日到期,實際槓桿11.3倍,貼價、低街貨
建行牛66733,收回價5.2元,行使價5.1元,換股比率10,實際槓桿7.1倍,相近收回價牛證中槓桿最高
投資者如看好工行,認購證方面可留意年期約6個月,屬貼價的工行購29697。牛證方面可留意工行牛66731,與現價有約15%收回距離。
工行購29697,行使價5元,2022年09月22日到期,實際槓桿9.4倍,貼價
工行牛66731,收回價4.2元,行使價4.1元,換股比率10,實際槓桿7.7倍,近15%收回距離牛證
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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