《高盛認股證牛熊證》騰訊快手受壓創一個月低搏反彈留意貼價選擇 留意騰訊貼價購12105、高槓杆購12127,快手貼價購20660
正股表現:騰訊(0700)由上週二起連跌,今早開市隨即跌至330元水平,最低見330.6元,繼上週五再創一個月低位。現報333.2元,跌約2.2%,目前爲連續第5日下跌,累計至今跌逾12%。
快手(1024)近期表現較落後,今早更急跌低見56.2元,繼上週五再創一個月低位。現報56.3元,跌約5.1%,目前爲連續第6日下跌,累計至今跌逾12%。
資金流向:觀察個股輪證資金流向,近期資金積極趁低吸納騰訊好倉,上週4個交易日皆錄得資金流入,合共約9,570萬元,爲上週最多資金流入的個股相關資產。並見上週五流入牛證的資金分佈在各收回區域的產品。淡倉方面,上週五部署熊證的資金沽出遠熊,並見流入資金集中在380元以下收回價的產品。快手方面,亦見上週資金積極吸納好倉,上週4個交易日皆錄得資金流入,合共約1,090萬元。
觀察港股通資金流向,上週五北水轉向吸納騰訊,錄得約6.7億元資金淨買入。
產品選擇:投資者如看好,認購證方面的高槓杆選擇可留意屬行使價330至440元間、3個月期以上產品中,槓桿最高的騰訊購12127。貼價選擇可留意行使價400元以下產品中,槓桿最高的騰訊購12105,兼熱門活躍條款、高對衝值,較能緊貼正股升跌。長期選擇可留意換股比率500兌1的騰訊購17327,爲低時間損耗值,適合中長線部署。牛證方面的近牛選擇可留意騰訊牛63631,遠牛選擇可留意騰訊牛63115,與現價有約25及35元收回距離。
騰訊購12127,行使價430元,2022年09月16日到期,實際槓桿7.5倍,行使價330至440元、3個月期以上產品中,槓桿最高
騰訊購12105,行使價400元,2022年09月16日到期,實際槓桿6.9倍,貼價、行使價400元以下產品中,槓桿最高
騰訊購17327,行使價427.18元,2023年01月09日到期,實際槓桿5.4倍,低時間損耗值,適合中長線部署
騰訊牛63631,收回價310元,行使價307.2元,換股比率500,槓桿比率11.5倍,相近收回價近牛中槓桿最高
騰訊牛63115,收回價300元,行使價297.2元,換股比率500,槓桿比率8.7倍,近35元收回距離遠牛
投資者如看淡騰訊,認沽證方面可留意屬中期的低街貨騰訊沽12853。熊證方面可留意屬貼熊的騰訊熊69138,與現價有約55元收回距離。
騰訊沽12853,行使價260元,2022年09月19日到期,實際槓桿4.5倍,中期、低街貨
騰訊熊69138,收回價390元,行使價393元,換股比率500,槓桿比率5.5倍,相近收回價貼熊中槓桿最高
投資者如看好快手,認購證方面的貼價選擇可留意年期約3個月的低面值快手購20660。中期選擇可留意低街貨快手購12503。牛證方面的近牛選擇可留意快手牛58710,遠牛選擇可留意快手牛58921,與現價有約6及16元收回距離。
快手購20660,行使價68.9元,2022年07月22日到期,實際槓桿4.7倍,貼價、低面值
快手購12503,行使價75元,2022年12月21日到期,實際槓桿3.0倍,中期、低街貨
快手牛58710,收回價50元,行使價47元,換股比率100,槓桿比率5.8倍, 相近收回價近牛中槓桿最高
快手牛58921,收回價40元,行使價37元,換股比率100,槓桿比率2.8倍,相近收回價遠牛中街貨較低
投資者如看淡快手,可留意快手熊57220,與現價有約34元收回距離。
快手熊57220,收回價90元,行使價93元,換股比率100,槓桿比率1.6倍,近34元收回距離熊證
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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