瑞信認股證 / 牛熊證網址: www.cswarrants.com | 熱線:2101 7888電郵: hk.warrants@credit-suisse.com 本結構性產品並無抵押品本結構性產品並無抵押品 2015年1月5日瑞信認股證/牛熊證信心精選中人壽急升破高位：中壽購中人壽急升破高位：中壽購18200/平安購平安購18428。兩大權重股落後大市：候低騰訊購。兩大權重股落後大市：候低騰訊購16531/匯豐購匯豐購18524。。美股2014年全年升超過7%，港股則變動不大，焦點集中於由國企指數，去年全年升一成。2015年首個交易日，恆指於內銀及內房股帶動下高開，其後反覆向上，重上23800點水平。市場關注內地的經濟表現及刺激經濟的措施，強勢板塊包括中資金融及地產股，阻力區參考24000點關口，50天線支持留意23570點左右。上週三恆指好倉單日有超過1,600萬元流出，累計五日仍流入超過3,400萬元；而淡倉累計五天超過2,500萬元淨流入。恆指牛熊證街貨變化恆指牛熊證街貨變化牛證街貨集中於收回價23000至23299點，而熊證街貨則集中於24200至24599點。牛證資金上日主要流入23400至23499點，而熊證資金則流入24800至24899點。恒指恒指 1月月2日收市日收市:23857.82點點67494恆指(牛證)收回價:23,444槓桿比率:36.21 倍兌換比率:10,00067355恆指(牛證)收回價:23,408槓桿比率:35.87 倍兌換比率:12,00067353恆指(牛證)收回價:23,300槓桿比率:33.82 倍兌換比率:10,00067324南中(熊證)收回價:15.66槓桿比率:9.74 倍兌換比率:1066153恆指(熊證)收回價:24,150槓桿比率:41.76 倍兌換比率:10,00066027恆指(熊證)收回價:24,277槓桿比率:34.50 倍兌換比率:10,00067530恆指(熊證)收回價:24,350槓桿比率:31.81 倍兌換比率:10,00066268A中(熊證)收回價:14.66槓桿比率:8.00 倍兌換比率:10 近收回恆指牛熊證近收回恆指牛熊證牛證編號發行商收回價距離恆生指數行使價兌換比率到期日67494瑞信瑞信23,44441423,24410,0002015-06-2967355瑞信瑞信23,40845023,17812,0002015-05-2867517瑞信瑞信23,34901-05上市23,14910,0002015-05-28熊證編號發行商收回價距離恆生指數行使價兌換比率到期日65719瑞信瑞信23,9004224,10010,0002015-05-2866024瑞信瑞信23,9509224,15010,0002015-03-3066152瑞信瑞信24,00314524,20310,0002015-03-3066319瑞信瑞信24,05019224,25010,0002015-04-2966026瑞信瑞信24,10024224,30010,0002015-03-3066153瑞信瑞信24,15029224,35010,0002015-03-3065718瑞信瑞信23,96610824,36620,0002015-08-2864951瑞信瑞信24,20034224,40010,0002015-04-2963425瑞信瑞信24,25039224,45010,0002015-03-3066027瑞信瑞信24,27741924,47710,0002015-03-3063180瑞信瑞信24,30044224,50010,0002015-02-2667461瑞信瑞信24,35049224,55010,0002015-06-2967530瑞信瑞信24,35049224,55010,0002015-01-2965706瑞信瑞信24,22236424,62220,0002015-08-28 中人壽急升破高位中人壽急升破高位有報道指，內地相關部門正醞釀養老金多元化投資渠道，包括擬參股國企改制上市等方案。人行近月放水刺激經濟，兩年半以來首次不對稱減息。中人壽(2628) 上週五升逾3%再破頂，看好可留意中壽購18200，行使價32.08元，15年7月到期。而平安保險(2318)上週三其認購證錄得超過830萬元流入，累計五日則超過2,500萬元。走勢方面，現時10天線水平參考近76元，其突破80元關口升逾5%，看好可留意平安購18428，行使價77.98元，16年10月到期。兩大權重股落後大市兩大權重股落後大市整體恆指去年變動不大，成份股表現則高下立見，去年匯豐(0005)股價累計跌近8%。股價暫於10天線水平徘徊，上週五持平落後大市，候低看好可留意匯豐購18524，行使價82元，15年8月到期。而騰訊(00700)去年升幅一成半，然而第四季表現疲弱，一度回落至104.5元水平後始止跌反彈，參考近120元50天線為阻力，看好可留意騰訊購16531，行使價112.9元，15年9月到期。18200中壽(認購)行使價:32.08 實際槓桿:4.596 倍到期日:2015-07-3018208建行(認購)行使價:7.58 實際槓桿:7.50 倍到期日:2015-06-1116531騰訊(認購)行使價:112.9 實際槓桿:4.611 倍到期日:2015-09-2118687南中(認購)行使價:14.55 實際槓桿:2.520 倍到期日:2016-07-2918428平安(認購)行使價:77.98 實際槓桿:2.633 倍到期日:2016-10-2818207工行(認購)行使價:6.58 實際槓桿:6.58 倍到期日:2015-07-3018687南中(認購)行使價:14.55 實際槓桿:2.520 倍到期日:2016-07-2918704南中(認沽)行使價:12.26 實際槓桿:2.689 倍到期日:2015-11-3018682A中(認購)行使價:13.99 實際槓桿:2.457 倍到期日:2016-07-2918707A中(認沽)行使價:11.33 實際槓桿:2.439 倍到期日:2016-03-3018524匯豐(認購)行使價:82 實際槓桿:9.73 倍到期日:2015-08-3118682A中(認購)行使價:13.99 實際槓桿:2.457 倍到期日:2016-07-29恆指牛熊證街貨分怖圖恆指牛熊證街貨分怖圖市場資金流向圖市場資金流向圖牛熊證剩餘價值牛熊證剩餘價值恆指輪證專區恆指輪證專區 瑞信指數牛熊證焦點瑞信指數牛熊證焦點恒指恒指1月月2日收市日收市: 23857.82 點點編號相關資產牛證/熊證收回價行使價槓桿比率(倍)兌換比率溢價(%)到期日67459恆指牛證22,92222,62218.3620,0000.22015-08-2866697恆指牛證22,95022,75022.6310,000-0.32015-06-2967236恆指牛證22,99922,76924.0612,000-0.42015-05-2866696恆指牛證23,02722,79725.4712,000-0.62015-06-2966562恆指牛證23,00022,80026.4410,000-0.72015-07-3067349恆指牛證23,05022,85025.1810,000-0.32015-05-2867238恆指牛證23,12222,89227.0212,000-0.42015-05-2867476恆指牛證23,10022,90029.7910,000-0.72015-06-2967350恆指牛證23,20023,00030.3510,000-0.32015-05-2867477恆指牛證23,25023,05035.1310,000-0.62015-06-2967353恆指牛證23,30023,10033.8210,000-0.22015-05-2867517恆指牛證23,34923,149/10,00002015-05-2867478恆指牛證23,35023,15039.8910,000-0.52015-06-2967355恆指牛證23,40823,17835.8712,000-0.12015-05-2867494恆指牛證23,44423,24436.2110,0000.22015-06-2966152恆指熊證24,00324,20366.1310,0000.12015-03-3066319恆指熊證24,05024,25049.5710,0000.42015-04-2966026恆指熊證24,10024,30052.9010,00002015-03-3066153恆指熊證24,15024,35041.7610,0000.32015-03-3064951恆指熊證24,20024,40043.2610,00002015-04-2963425恆指熊證24,25024,45039.6810,00002015-03-3066027恆指熊證24,27724,47734.5010,0000.32015-03-3063180恆指熊證24,30024,50036.7010,00002015-02-2667530恆指熊證24,35024,55031.8110,0000.22015-01-2967465恆指熊證24,40024,60019.2910,00022015-07-3065706恆指熊證24,22224,62225.5420,0000.72015-08-2863536恆指熊證24,45024,65026.4510,0000.52015-03-3065457恆指熊證24,50024,70022.5410,0000.92015-05-2867468恆指熊證24,54024,74017.5610,0001.92015-06-2963540恆指熊證24,60024,80022.6710,0000.52015-03-30瑞信股份牛熊證焦點瑞信股份牛熊證焦點編號相關資產牛證/熊證收回價行使價槓桿比率(倍)兌換比率溢價(%)到期日67218中化牛證4.884.583.609100.62015-05-2967210中化牛證5.555.255.37102.22015-05-2967127騰訊牛證105.28102.9810.681000.62015-06-0167132騰訊熊證117.77120.0712.671001.42015-04-3067220海油牛證9.458.755.42100.62015-06-3067223海油熊證11.5512.335.56101.92015-05-1167181建行牛證5.665.365.12101.42015-07-3167185建行熊證6.696.998.03104.92015-05-2964195中移牛證85.382.89.331001.32015-03-3164246中移熊證103.33105.835.821001.42015-01-3067186工行牛證4.714.514.2571012015-06-3067189工行熊證5.996.198.74104.22015-05-2967146平安牛證67.363.33.8211002.32015-07-3167145平安牛證70.366.34.4571002.22015-07-3167323南中牛證12.1611.865.09101.32015-08-2867324南中熊證15.6615.969.74100.32015-07-30 67331A中牛證12.0611.766.69101.92015-08-2866268A中熊證14.6614.968.00101.82015-06-3067199中行牛證3.713.564.644101.42015-07-3167209中行熊證4.666.262.140105.42015-05-29 瑞信指數認股證焦點瑞信指數認股證焦點編號相關資產認購/認沽行使價價格實際槓桿