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《瑞銀窩輪》10月港股開局一度跌穿17000點 博反彈留意瑞銀恆指牛證51034
阿思達克 10-03 17:58
10月港股首個交易日繼續陰乾式下跌,甚至一度跌穿17000點,低見16909點,全日跌143點。根據瑞銀恆指資金流資料顯示,資金一面倒流入牛證及認購證,反映在環球跌市下,投資者仍然期待其觸底反彈。很多投資者偏愛用牛熊證捕捉恆指走勢,因其不受引伸波幅及時間值影響,顯得比較「貼價」。而由於近日市況較為波動,如要選擇即市的恆指牛熊證產品,投資者應多加留意收回風險。另一方面,想要「貼價」產品其實不一定只有牛熊證,投資者也可考慮選擇高敏感度認股證,以避免收回風險。敏感度是正股跳動1格,輪價相對會變動多少格,而敏感度越高代表窩輪的變動越緊貼正股,在即市短線操作時更為重要。指數窩輪敏感度計算公式如下: (窩輪跳動單位x 換股比率 )/ 對沖值,故此對沖值愈高,換股比率愈低,敏感度理論上愈高,即期指上落不多的點數已能推動相關認股證上落。 如投資者看好恆指,如投資者看好恆指,可留意恆指牛證51034,收回價16100點,23年10月到期,有效槓桿約15倍。亦可留意認股證恆指認購 24780,行使價19600點,23年3月到期,有效槓桿約9.5倍。 英國財政大臣關浩霆(Kwasi Kwarteng)宣佈撤回取消45%最高所得稅計劃,希望將所有資源集中在實現經濟增長方面,此消息一出,英鎊兌美元曾升1%,一度高見1.1281水平。英鎊回升,短期內可能有利匯豐,看好可留意匯豐認購25461,行使價51.55港元,23年3月到期,有效槓桿約10.7倍。 更多窩輪牛熊資訊:瑞銀認股證牛熊證網站: http://www.ubs.com/hkwarrants 輪證教學及巿況焦點短片: https://www.youtube.com/channel/UCKw86qy4eBAInmd52MND45Q?view_as=subscriber 卓素華 瑞銀亞洲上市衍生產品銷售部主管 本產品並無抵押品。 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。筆者為UBS AG的代表(作為證監會持牌人),並未持有相關上市公司的任何財務權益。本資料由瑞銀刊發,其並不構成買賣建議、邀請、要約或遊說。結構性產品價格可急升或急跌,投資者可能會蒙受全盤損失。過往表現並不反映將來表現。牛熊證備強制贖回機制而可能被提早終止,屆時 (i) N類牛熊證投資者將不獲發任何金額;而(ii) R類牛熊證之剩餘價值可能為零。投資前應瞭解有關風險,並諮詢專業顧問及查閱有關上市檔。UBS Securities Hong Kong Limited為結構性產品之流通量提供者,亦可能是唯一報價者或巿場參與者。(C) UBS 2022。版權所有。~ 重要聲明: 以上資訊由第三方提供,AASTOCKS.com Limited對於任何包含於、經由、連結、下載或從任何與本網站有關服務所獲得之資訊、內容或廣告,不聲明或保證其內容之正確性或可靠性。對於您透過本網站上之廣告、資訊或要約而展示、購買或取得之任何產品、資訊資料,本公司亦不負品質保證之責任。
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