《瑞銀窩輪》騰訊反彈330港元遇阻留意PUT輪21630
本周為中國落實向美國徵收反制關稅的前夕，截至周五(5月31)收巿執筆時，雙方仍未有新進展，恆指失守27000點關口。反觀同期騰訊的表現早前跌勢已急，周初更曾失守320港元 水平，其後雖然很快失而復得，但反彈後高見331.6港元後便遇壓，即巿亦未能企穩330港元，這個位置亦是200天線附近，投資者可參考會不會是技術阻力。
雖然騰訊(0700)已累積不少跌幅，但後巿仍有隱憂，除大巿氣氛不穩外，還要另外兩個因素。其大股東南非NASPERS分拆旗下科技股上巿，被巿場解讀為變相減持騰訊；另一個隱憂是同業阿里巴巴被主要股東ALTABA基金因要清盤而沽售，令阿里股價在美國承壓拖低估值。投資者如看淡騰訊短線表現，並趁反彈造淡的話，可留意PUT輪21630，行使價280.88港元，19年9月到期，有效槓桿約8.6倍。
騰訊業績中的廣告業務等令市場失望，股價業績後受沽壓，跌近2成之多，早在騰訊開始跌勢時，已有資金流入騰訊購，由5 月14日至週三(30日)，已連續12日有資金流入騰訊購證，累計共3.7億港元。之前較熱門的認購證有機會已變得太價外或太多街貨，如投資者看好騰訊，可留意騰訊控股認購19131，行使價355.2港元，19年8月到期，有效槓桿約11倍。
更多窩輪牛熊資訊：瑞銀證網站: www.ubs.com/hkwarrants 周國威 董事
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