《高盛認股證牛熊證》 京東低開續跌 資金積極部署好倉 留意貼價購11184、高槓桿購29843,遠牛56785
正股表現:京東(9618)於上週四公布業績,惟上週五跌約4.8%,今早繼續受壓。早上低開約4.2%跌幅擴大,最低見324元。現報324.8元,跌約5.4%。事實上,京東自本年初至今,其表現落後同業。有券商指京東去年第四季業績表現強勁,料今年非國際會計準則下的經營成本會因投資而增加,但亦將有利京東取得本地零售市場更多份額。該行並料今年京東收入及每用戶成交總額均將提升,維持「買入」投資評級,目標價465元。
資金流向:觀察個股輪證資金流向,可見上週五資金趁低吸納好倉,錄得約3,220萬元資金流入,當中認購證及牛證分別佔約1,720萬及1,500萬元。淡倉方面,則見認沽證於上週五獲資金轉向沽出。而熊證則見上週四及週五共錄得約50萬元資金流入。
產品選擇:投資者如看好,認購證方面的貼價選擇可留意年期約3個月的京東購11184。高槓桿選擇可留意年期約2個月的京東購29843。牛證方面可留意屬遠牛的京東牛56785,與現價有約24.8元收回距離。
京東購11184,行使價369.08元,2021年06月08日到期,實際槓桿7倍,貼價
京東購29843,行使價389.08元,2021年05月03日到期,實際槓桿10.9倍,高槓桿
京東牛56785,收回價300元,行使價297元,換股比率500,槓桿比率11.2倍,相近收回價遠牛中街貨較低
投資者如看淡,認沽證方面可留意年期約2個月的高槓桿京東沽24215。熊證方面可留意屬遠熊的京東熊52960,與現價有約75.2元收回距離。
京東沽24215,行使價278.68元,2021年05月14日到期,實際槓桿8.7倍,高槓桿、低街貨
京東熊52960,收回價400元,行使價403元,換股比率500,槓桿比率4.1倍,近75.2元收回距離遠熊
註: 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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