《高盛認股證牛熊證》跌市中撈優質藍籌留意貼價、低街貨騰訊購14363、阿里購23811
騰訊(0700)
正股表現:騰訊上週五一度低見336元,收市前反彈倒升,升約0.4%。今早則低開約2.5%後跌幅擴大,現報350.6元,跌約3.9%。騰訊將於後日公布業績,市場預期去年非通用會計準則純利介乎923.4億至990億元人民幣,按年升19.2%至27.8%。
資金流向:觀察個股認股證資金流向,可見上週資金追捧認購證,5個交易日共錄得約1.26億元資金流入。
產品選擇:由於市場動蕩,不少恆指牛證於上週五已被收回,市場欠缺充足選擇,而認購證亦缺乏足夠的貼價選擇。因此如投資者部署反彈,可考慮選擇與恆指關聯性較高,及擁有更多產品選擇的騰訊作部署。
投資者如計劃部署認購證,可考慮以行使價355至385元作為篩選產品的條件。並可留意當中中年期產品中,槓桿最突出的騰訊購23316。貼價的選擇則可留意價外幅度約4%,年期約3個月的騰訊購14363。
騰訊購23316,行使價380.2元,2020年06月22日到期,實際槓桿7.3倍,行使價355至385元間、中年期產品中,槓桿最高
騰訊購14363,行使價366.08元,2020年06月17日到期,實際槓桿6.8倍,貼價、高敏感度
阿里(9988)
正股表現:阿里上週五反彈重上190元水平,收市升約1.5%。今早則跟隨大市下跌。現報184.3元,跌約3.9%。
資金流向:觀察個股認股證資金流向,可見上週資金追捧認購證,5個交易日共錄得約6,860萬元資金流入,為上週第二多資金流入的認股證相關資產,僅次騰訊認購證。
產品選擇:投資者如計劃部署反彈,宜重新審視產品條款,避免選擇較容易受波幅變動影響的太價外、短年期認購證。
投資者如計劃部署認購證,較貼價的選擇可留意價外幅度約9%,年期約3個月的阿里購23811。中年期的選擇則可留意年期約7個月的低街貨阿里購23643。
阿里購23811,行使價200.4元,2020年06月23日到期,實際槓桿6.7倍,貼價、低街貨
阿里購23643,行使價210.2元,2020年10月06日到期,實際槓桿5.2倍,中年期、低街貨
註: 以上數據資料來自高盛認股證牛熊證網站~
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