CITIC SEC: Hong Kong stocks battle the 18,000 mark again as ATMs break through, Tencent pays attention to subscription warrants
CITIC SEC pointed out that the Hong Kong stock market is active, with the Hang Seng Index approaching 18,000 points. Bearish warrants are still active, especially those above 18,300 points. The Federal Reserve cut interest rates by 50 basis points, boosting the rise of A+H shares. Bullish investors tend to close positions or switch to bull warrants to lock in profits. Tencent performed well, and it is recommended to pay attention to Tencent call warrants and put warrants
According to the Wise Finance APP, the Federal Reserve announced a 50 basis point rate cut. The market generally believes that the rate cut by the Federal Reserve opens up domestic policy space, thereby driving the rise of A+H shares. At noon today, the Hang Seng Index approached 18,000 points. In terms of bull and bear certificates, all bear certificates for the Hang Seng Index ranging from 17,700 points to 18,000 points have been fully redeemed. CITIC Securities believes that bearish funds remain active, with bear certificates at 18,300 points and above still active, including the Hang Seng Index bear certificate (66083) with a redemption price of 18,300 points. For those looking at a further price, they can pay attention to another Hang Seng Index bear certificate (67798) with a redemption price of 18,800 points. CITIC Securities also pointed out that on the bull certificate side, bullish investors tend to close positions in advance or switch their bull certificates to ones with prices closer to the market price to lock in some profits, including the newly listed Hang Seng Index bull certificate (69872) with a redemption price of 17,400 points. Currently, the Hang Seng Index remains strong, with a trading volume of nearly HKD 100 billion by around 2 pm.
In addition, the Hang Seng TECH Index performed well, with Meituan (03690) and Alibaba (09988) both rising by nearly 4%, reaching over a year high. Tencent (00700) also had a good performance, testing highs from the past two months. CITIC Securities suggests that investors with a positive outlook on Tencent can pay attention to Tencent call warrants (24644) with an exercise price of 425 yuan, with an actual leverage of about 8 times; while investors with a bearish outlook can consider Tencent put warrants (26310) with an exercise price of 366 yuan, with an actual leverage of about 7 times