轮证日报 |中远海控首季盈喜，认购证涨超100%
| 今日市场短评
恒指收跌0.91%；恒生科技指数收跌超1%，餐饮、内险股、科网股普跌，港口运输、钢铁、半导体板块表现强势。
| 窝轮（认股证）焦点
中国铝业（02600）中铝认购证（19351）到期日：2021年5月杠杆：5.7倍
高盛：予中国铝业“买入”评级 目标价升至4.8港元
报告提到，公司去年纯利同比跌13%至7.41亿元人民币，或每股盈利4.4分人民币，撇除一次性项目，该行估算其经常性纯利同比升4.68倍至10.05亿元人民币。在销量增加及氧化铝单位利润改善下，公司业绩胜该行预期，也符合市场预期。
该行称，公司氧化铝板块同比改善，但仍落后于行业。去年铝材实现销售均价每吨14169元人民币，与市场价大致持平。该行估算其铝材经常性EBIT同比升168%至32.07亿元人民币，仍低于该行预期，主因销货成本及行政及销售开支增加。
该行表示，公司资产负债表同比改善，经营现金流同比升19%至149亿元人民币属稳固。自由现金流改善及资本开支减少，该行上调公司2021-23年盈测4%至13%，反应去年氧化铝表现较佳，预计公司受惠于铝价利差及氧化铝价格上升。
中远海控（01919）远海认购证（22054）到期日：2021年7月杠杆：2.96倍
大摩料中远海控全年业绩可胜预期 续看好前景
摩根士丹利发表研究报告，指中远海控发首季盈喜，预期纯利增至154.5亿元人民币，去年同期仅赚2.92亿元人民币；剔除一次性项目，经常性纯利则录154.1亿元人民币。
报告引述管理层指纯利增长强劲，归功於首季运费强劲增长，中国出口集装箱运价综合指数(CCFI)首季按年升113.3%，按季亦升53.8%；运量按年增长，受惠公司持续扩张运力，确保集装箱供应及改善服务质素。大摩续看好中远海控前景，认为首季业绩远胜预期，已高於该行及市场对其全年度预测，料市场对此反应正面；目标价11.88元，评级「增持」。
| 牛熊证焦点
中芯国际（00981）
中芯牛证（53766）到期日：2021年11月回收价：23.2杠杆：5.06倍
中芯国际跳空上涨，一度涨6.18%报27.5港元。此前业内人士表示，国内晶圆代工龙头厂中芯国际通过邮件告知其客户，4月1日起将全线涨价，已上线的订单维持原价格，已下单而未上线的订单，不论下单时间和付款比例，都将按新价格执行。此外，台积电、中芯等代工大厂近期积极投资扩产，可见产业对本轮半导体高景气持续性的判断更加乐观。
| 衍生品资金流入/流出
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