《信而有證》比亞迪明天除淨 股份「拆細」 對窩輪牛熊證價格有何影響?
股午後保持升勢,在兩萬四水平徘徊。
恆指升至約兩個半月高位,好倉資金未見大舉離場、淡倉流入金額亦未算誇張。參考手機應用程式「信搜牛熊」的獨家資金流數據,截至中午收市,信證恆指牛證上午僅錄輕微淨流出,熊證則連續4日錄淨流入,半日流入金額為近一星期以來最多。
信證熱門牛熊證:恆指牛證(60723),收回價23,680點;恆指熊證(59209),收回價24,500點。
緊貼即市牛熊證成交活躍區及獨家半日資金流數據,立即下載首個專為恆指牛熊證而設的手機應用程式—「信搜牛熊」
立即下載:
蘋果手機IOS: https://shorturl.at/UBi8x
安卓手機Android: https://shorturl.at/tuNEr
比亞迪(01211)將於明天(6月10日)除淨,除了建議每股派息3.974元人民幣,亦會「十送八」派送紅股,並以資本公積金每10股轉增12股,將股份由30.39億股,增至91.17億股,變相「一拆三」。
如果持有相關的窩輪或牛熊證,「輪價」會否同樣「一拆三」?答案是不會,輪價不會因為是次除淨而有所影響,發行商只會根據是次除淨,為相關產品的條款作相應調整,包括窩輪的行使價、換股比率等等,輪價則不會因此「一拆三」。
至於牛熊證,相關收回價亦會按比例「一拆三」,投資者不會因為是次除淨這個單一因素,而觸發相關收回機制,不過除淨後,股份的流通量、入場門檻等都有所改變,投資者需要衡量及關注相關風險,留意後續波動會否令牛熊證觸及相關收回價。
比亞迪股價連續第二日向下,再次回落至400元關之下。即市資金流方面,相關淡倉普遍傾向先行獲利,好倉則明顯有大批資金趁機部署。
若認為比亞迪除淨後有利股價短線反彈,可以留意比亞迪認購證(13524),行使價468.88元,9月中到期,實際槓桿約7.1倍;相反,若預期比亞迪股價將有更深調整,可留意比亞迪認沽證(16500),行使價299元,11月到期,實際槓桿約5.1倍。
更多窩輪產品及資訊:中信證券輪證網站:https://www.citicswarrants.com/tc/index
中信證券輪證頻道:https://www.citicswarrants.com/tc/education/video-channel
風險披露及免責聲明
本結構性產品並無抵押品,如發行人無力償債或違約,投資者可能無法收回部份或全部應收款項。
本資料由中信証券經紀(香港)有限公司 (「本行」或「發行人」) 編製,其僱員可能持有不時在本資料所述證券之權益 。結構性產品屬複雜產品,投資前閣下應詳閱有關上市文件,完全了解其性質及潛在風險,自行評估箇中風險,並於需要時尋求專業意見。以上資料僅供參考,並不構成購買或出售結構性產品或達成任何交易的要約、遊說、邀請、意見或建議,亦不構成投資意見或服務。結構性產品的價格可急跌或急升,投資者或會損失所有投資。牛熊證設有強制收回機制,因此有可能提早終止,在此情況下(i)N類牛熊證投資者會損失於牛熊證的全部投資;而(ii)R類牛熊證之剩餘價值則可能為零。過往表現並非未來表現的指標。本行可能是結構性產品的唯一市場參與者,而結構性產品的二級市場可能有限。~
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