This website (the “Hong Kong Website”) is maintained by Citigroup Global Markets Asia Limited and/or its affiliates (collectively the “Website Owner”). Access to the Hong Kong Website and documents and information published herein (the “Materials”), and their distribution, is subject to the following disclaimer.
This Hong Kong Website is only directed at and intended for residents of Hong Kong only. It may be illegal to download any information from the Hong Kong Website in other countries and the Website Owner disclaims all responsibility if you download any information from the Hong Kong Website in breach of any law of country in which you are residing. The Materials in this website must not be relied, or acted, upon by persons outside Hong Kong. By entering this Hong Kong Website, you confirm that you are a resident of Hong Kong and agree to be bound by the following disclaimer.
Persons accessing this Hong Kong Website or who may possess any information contained herein should inform themselves about, and observe and comply with, any applicable restrictions (including those set out herein) at their own cost and expense and without liability to the Website Owner. Reproduction, distribution, transmission, disclosure or publication of any information contained herein in any other places or to persons to whom such distribution, transmission, disclosure or publication is not permitted under the applicable laws or regulations of such places is strictly prohibited. In particular, information contained herein may not be taken or transmitted into the United States or distributed, directly or indirectly, in the United States or to any U.S. person (as defined in Regulation S under the U.S. Securities Act of 1933). In order to comply with the applicable laws and regulations, the contents of the Hong Kong Website are designed for residents of Hong Kong only and you should not access, browse and/or download any of the contents contained in the Hong Kong Website outside of Hong Kong.
The Materials contained in this Hong Kong Website are provided for information and discussion purposes only and do not constitute or form an (or any part of an) offer, invitation, solicitation, inducement, advice or recommendation, to acquire, dispose of, subscribe for or underwrite any structured products contained, referred to or mentioned in the Materials or this Hong Kong Website (the “Structured Products”). The Materials do not constitute any advice or any form of recommendation to purchase or sell the Structured Products or to conclude any transaction. Nothing contained herein shall form the basis of any contract or commitment whatsoever. Neither this Hong Kong Website nor the Materials shall be construed as an advertisement, inducement or representation of any kind or form whatsoever.
The Materials have been prepared for the intended recipients in general only and do not take into account the particular needs of any specific recipient.
The Materials are based on information obtained from public sources which are considered by the Website Owner to be reliable. However, the Website Owner has not verified the Materials, and such Materials may be incomplete or inaccurate. Opinions, estimates and other information contained in the Materials may be changed or withdrawn without notice. The Website Owner is not under any obligation to update or supplement the Materials. None of the Website Owner and/or its associates and connected persons, respective directors, senior officers and/or employees (including persons involved in the preparation or issuance of the Materials on this Hong Kong Website) (collectively, "Citigroup") or any information provider makes any representation or warranty, express or implied, of any kind as to the truth, accuracy, completeness, adequacy or reasonableness of the Materials or as to the fitness of any such Materials for any purpose. The Materials contained in this Hong Kong Website are published for reference only and shall not to be relied or acted upon as authoritative, without either the recipient's own independent verification or exercise of independent judgment.
Any indicative pricing levels, disclosure materials, valuations and other analysis published on the Hong Kong Website have been prepared on assumptions and parameters that reflect our good faith determinations. The assumptions and parameters used are not the only ones which could have reasonably been selected, and accordingly, no guarantee is given in respect of the accuracy, reasonableness or completeness of such quotations, disclosure or analysis. No representation or warranty is made that any indicative return or performance will be achieved in the future. Such information does not constitute investment advice by the Website Owner and are for information purposes only.
The Structured Products are non-collateralised product. If the Issuer becomes insolvent or defaults, you may not recover part or all of the amount due.If you invest in the Structured Products, you are relying on the creditworthiness of the Issuer. The price of the Structured Products may fall in value as rapidly as it may rise and investors may sustain a total loss of their investment. It is not possible to predict whether the secondary market for the Structured Products will be liquid or illiquid. Citigroup Global Markets Asia Limited may be the only liquidity provider for the Structured Products. Any opinions, forecasts or estimates herein constitute a judgment as of the date the information is published, and there is no assurance that future results or events will be consistent with any such opinions, forecasts or estimates. You are cautioned that actual results may differ materially from those set forth in any forward-looking statements. Past performance is also not indicative of future results.
Callable bull/bear contracts (“CBBCs”) have a mandatory call feature. Subject to the terms and conditions of CBBCs as set out in the Base Listing Document (including any addendum thereto), CBBCs will be automatically terminated when the spot price / spot level of the underlying asset reaches the call price / call level during the observation period, in which case, you will not receive any cash payment (for category N CBBCs) or may receive a cash payment called the residual value (for category R CBBCs).
Prospective investors should therefore ensure that they understand the nature and risks of the Structured Products and should, where applicable, consult their own legal, tax, accounting, financial and other professional advisers to ensure that any decision to invest in the Structured Products is suitable with regard to such investor’s specific circumstances and financial position. Citigroup assumes no fiduciary responsibility or liability for any consequences, financial or otherwise, arising from the subscription or purchase of the Structured Products.
In respect of each issue of the Structured Products, you should carefully review and understand the terms and conditions of the Structured Products, together with the financial and other information of the Issuer, as set out in the Base Listing Document (including any addendum thereto), and the relevant Supplemental Listing Document. These documents may be obtained from the office of the Sponsor, Citigroup Global Markets Asia Limited, at 50th Floor, Champion Tower, Three Garden Road, Central, Hong Kong.
Members of Citigroup may take proprietary positions and may have long or short positions or other interests in the Structured Products and may purchase and/or sell the Structured Products at any time in the open market or otherwise, in each case whether as principal, agent or as market maker. Citigroup is or may also be involved in other financial, investment and professional activities which may on occasion give rise to interests or a conflict of interests in respect of the securities which are the subject of this Hong Kong Website.
Citigroup does not accept any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this Hong Kong Website or its contents or otherwise arising in connection therewith. Without prejudice to the generality of the foregoing, none of the members of Citigroup or any information provider will be liable to anyone for any interruption, inaccuracy, error or omission, regardless of cause, in the information on the Hong Kong Website or for any kind of damages arising in connection therewith. Further, communications over the internet and by email are not secure and there is a risk that information may be intercepted, lost or destroyed. Citigroup does not accept any liability for any such occurrence and do not warrant that any communication or attachments or this Hong Kong Website will be free from viruses, worms or other harmful components.
Any personal information supplied by you through this Hong Kong Website will be kept strictly confidential and, save as expressly provided, will only be used in ways which you have consented to. By accessing this Hong Kong Website, you are deemed to consent to the Website Owner’s use of information collected from you for marketing, planning, product development and research purposes. Please read the privacy policy statement for this Hong Kong Website www.citifirst.com.hk to understand how your personal information will be treated when you use this site.
Except where expressly stated, copyright in the information contained in this Hong Kong Website is owned by or licensed to the Website Owner. The information may not otherwise be reproduced and must not be distributed or transmitted to any other person or incorporated in any way into another site, document or other material. The use of any trademarks and logos displayed on this site is strictly prohibited unless written permission for such use is obtained from the Website Owner and/or, where relevant, such third party, which may own the trademarks and logos.
This Hong Kong Website may contain links to other web sites operated by entities which do not belong to Citigroup. These links have been provided solely for you to obtain further information about other relevant products and entities in the market. Members of Citigroup have no control over the information on these sites or the products or services on them, and therefore make no representations and accepts no responsibility regarding their contents. Inclusion of a link to a third party site should not be construed as an endorsement of such third party site by the Website Owner or that party's endorsement of this Hong Kong Website. You are advised to make your own enquiries in relation to third parties described or linked on this Hong Kong Website. Please note that you will be subject to the terms of use of the other sites that you visit.
The Website Owner reserves the right to change the Hong Kong Website in whole or in part at any time and to restrict, interrupt or terminate its service. The Website Owner also reserves the right to modify or amend these terms and conditions at any time. If any provision hereunder (or a part thereof) is or becomes illegal, invalid or unenforceable in any respect under any applicable law, the validity, legality and enforceability of the remaining provisions shall not in any way be impaired or affected.
These terms and conditions are exclusively governed by and shall be construed in accordance with the laws of Hong Kong. Each user is subject to the exclusive jurisdiction of the courts of Hong Kong in respect of any disputes arising hereunder.
恒生指數在上周五(24日)突破維持了近兩周的20700-21500點橫行區間,今日(27日)更承接外圍升勢裂口高開逾200點,日内暫時最多曾升近700點,最高暫見22414點。CitiFirst網站輪證樂觀/悲觀情緒資金流資料顯示,過去5日恒指樂觀/悲觀資金流比例約4:6,悲觀資金流接近9億,顯示輪證投資者偏向在恒指的升浪中或偏向沽出看好產品鎖定利潤,或買入看淡產品部署技術回調。投資者如看淡,或可於高位留意恒指沽14238,行使價20400點,實際槓桿8.5倍,引伸波幅29.4%,換股比率9000兌1,2022年10月28日到期。相反,如對後市繼續看好的投資者,或可留意恒指購13600,行使價24000點,實際槓桿11.0倍,引伸波幅25.9%,換股比率5500兌1,2022年10月28日到期。
接連有利好汽車市場的政策出台,有報導指,國務院總理李克強再稱實施一系列支持汽車消費措施,釋放汽車消費潛力,當中包括活躍二手車市場,促進汽車更新消費等方向等,並預計今年增加汽車及相關消費約2,000億元人民幣。吉利(0175)近期升勢頗強,上周合計升超過20%,周五(24日)股價升穿2月份頂部約17.5元水平,最多升9.5%高見18.44元,並逼近200天綫,14天RSI亦升至75左右超買區附近。截至今日(27日)開市,吉利繼續向上,暫時最高曾見19.14元。 投資者如繼續看好吉利,或可留意吉利購23255,行使價20元,實際槓桿6.8倍,引伸波幅56.2%,換股比率10兌1,2022年09月29日到期;如看淡,或可留意吉利沽21046,行使價17元,實際槓桿2.8倍,引伸波幅60.7%,換股比率10兌1,2022年10月28日到期。
在國内不同城市的政策上,亦有利好新能源汽車消息:廣州市政府宣傳落實汽車以舊換新政策,對報廢或轉出個人名下廣東號牌舊車在市內以舊換新,指定車型有機會獲3,000元至10,000人民幣補貼,而個人消費者2022年6月30日前在省內以舊換新方式購買新能源汽車新車,每輛可獲補貼8,000元;北京市商務局等七部門印發《北京市關於鼓勵汽車更新換代消費的方案》通知時,亦提出相關政策方案。内地新能源汽車龍頭比亞迪(1211)上周重返300元以上,再次逼近前歷史高位320元關口附近。 投資者如看好比迪,或可留意比迪購18455,行使價388.00元,實際槓桿4.6倍,引伸波幅57.8%,換股比率100兌1,2022年12月2日到期;如看淡,或可留意比迪沽17575,行使價250元,實際槓桿3倍,引伸波幅59.3%,換股比率100兌1,2022年12月29日到期。
美國聯儲局將於明日(16日)凌晨公布議息結果,上周五(10日)美國公佈5月份消費者物價指數(CPI),數據較去年同期大升8.6%,為40年來新高。多間大行預測及芝加哥商品交易所美國利率期貨數據表示,加息75個點子的機會率超過9成。加息陰霾下,美股三大指數顯著下跌,拖累恒指周一裂口下挫逾700點,惟恒指上日(14日)低開後逐步收復跌幅,今日更能喘定回升,表現强勢,暫升超過260點。 投資者如看好恒指,或可留意恒指購27684,行使價22000點,實際槓桿10.4倍,引伸波幅26.4%,換股比率8800兌1,2022年09月29日到期;如看淡,或可留意恒指沽17152,行使價18600點,實際槓桿7.6倍,引伸波幅32.8%,換股比率8600兌1,2022年10月28日到期。
在科網股中,上月整體走勢偏强的美團(3690)在重返200元之上後遇到阻力,股價在9日見高位211.6元後回調,周二最低見183元,其後有所回升,收報194.4元升3.3%,有望於月初上升裂口約183-187元水平逐步建立支持。美團同時亦為周一及周二港股通資金净流入之冠,兩日合計北水净流入逾18億港元。 而今日(15日)美團股價再次試探200元關口,最高暫見202.8元,一度升逾4%。投資者如看好美團,或可留意美團購17931,行使價250元,實際槓桿4.7倍,引伸波幅61.4%,換股比率100兌1,2022年10月28日到期;如看淡,或可留意美團沽26580,行使價160元,實際槓桿3.9倍,引伸波幅71%,換股比率100兌1,2022年09月29日到期。
連日逆市走軟的滙豐(0005)周二見反彈,收報49.55元升1.7%,惟仍處於50元心理關口及多條長短期平均綫之下。輪證資金流方面,根據CitiFirst網站資料,6月8日至14日累計5天資金流樂觀比例達8:2,樂觀資金流接近四千萬,投資者傾向買入看好產品部署反彈,或沽出看淡產品鎖定獲利。 投資者如看好滙豐,或可留意滙豐購16165,行使價54.9元,實際槓桿11倍,引伸波幅28.5%,換股比率10兌1,2022年10月28日到期;如看淡,或可留意滙豐沽11443,行使價40.88元,實際槓桿8.5倍,引伸波幅35.5%,換股比率10兌1,2022年09月29日到期。
端午假期後,恒指延續上周升勢,有報導指對網約車公司滴滴出行的網絡安全調查或將結束,並解除新用戶方面禁令,消息公佈後,恒指周一(6日)尾段在科技股的帶領下,突破了5月初頂部約21300至21400點阻力位置,恒指上周曾兩度受制於此。截至周二(7日)收市,恒指報21531點。 日前國家新聞出版署再發放60個遊戲版號。科網股今早(8日)全綫向好帶領恒指向上,暫時最多升486點,報22018點。投資者如看好恒指,或可留意恒指購27696,行使價22500點,實際槓桿10.5倍,引伸波幅25.8%,換股比率8000兌1,2022年09月29日到期;如看淡,或可留意恒指沽15448,行使價18000點,實際槓桿9.8倍,引伸波幅35.2%,換股比率6000兌1,2022年09月29日到期。
阿里績後走勢有所轉強,股價重返90元之上並升破了50天綫約95元水平,周二(7日)曾上試100元大關,高見101.8元,然而其後見沽壓,升幅有所收窄,收市報98.8元。阿里股價低位在上周四(2日)及周一(6日)均穩守90元之上,此水平或有支持。 今早(8日)阿里繼續向好高開4.7%後越升越有,暫時最多升8.2%,高見107元,並升穿100天線。投資者如看好阿里,或可留意阿里購17696,行使價120.88元,實際槓桿4.8倍,引伸波幅58.3%,換股比率100兌1,2022年09月30日到期;如看淡,或可留意阿里沽11432,行使價85元,實際槓桿3.8倍,引伸波幅65.1%,換股比率50兌1,2022年09月29日到期。
美團首季業績勝市場預期,股價績後升約10%,逼近200元大關,周二(7日)收報199元。根據CitiFirst網站輪證樂觀/悲觀情緒資金流資料,截至周二(7日),美團累計5天樂觀與悲觀輪證資金流分別有1.16億及2.42億,比例約3:7,反映投資者短期或傾向沽出認購證與牛證獲利,或買入認沽證與熊證部署回調。RSI14天相對強弱指數直逼70超買水平。投資者如看淡,或可留意美團沽26580,行使價160元,實際槓桿3.7倍,引伸波幅70%,換股比率100兌1,2022年09月29日到期。今早美團同樣走強,暫時最多升5%,高見210元,直逼200天綫。投資者如看好美團,或可留意美團購17577,行使價268.88元,實際槓桿4.2倍,引伸波幅60.9%,換股比率100兌1,2022年11月29日到期。
近期大市走勢有所回軟,截至周三(25日)中午,恒指較上周五(20日)跌477點,再度回落至10天綫之下,徘徊於20000點關口附近。參考CitiFirst網站五日(5月18-24日)輪證資金流,樂觀資金流為7.6億,悲觀資金流則為5.9億,比例約為56:44,樂觀取向資金稍多於悲觀,輪證投資者整體對於後市取態好壞參半。 投資者如看好恒指,或可留意恒指購27684,行使價22000點,實際槓桿10.4 倍,引伸波幅27.2%,換股比率8800兌 1,2022年09月29日到期;如看淡,或可留意恒指沽16033,行使價17000點,實際槓桿7.2 倍,引伸波幅35.9%,換股比率6200兌 1,2022年09月29日到期。
美團(3690)將於下周四(2日)公佈其首季度業績,公司股價自4月22日開始由低位130.1元展開反彈,其後曾多次觸及178元附近並回調,周三中午報161.2元,升1%。消息指外界預計美團2022年首季虧損較2021年首季虧損按年或擴大18.4%至33.3%。市場或關注早前美團優選宣佈退出甘肅、青海等業務後的新業務策略、產品SKU調整、以及如何提升投資回報率等。投資者如看好美團或想趁業績前部署好倉,或可留意美團購26578,行使價208.88元,實際槓桿6.7 倍,引伸波幅67.9%,換股比率100兌 1,2022年07月28日到期;如看淡,或可留意美團沽15450,行使價105元,實際槓桿2.8 倍,引伸波幅82.6%,換股比率100兌 1,2022年10月28日到期。
恒生指數公司公佈恒指季檢結果,中芯國際(0981)為其中一個新染藍股份,而瑞聲科技(2018)則遭到移除。
結果公佈後,中芯股價周一(23日)裂口高升,截至周三(25日)中午已較周五收市消息公佈前升約5%。投資者如看好中芯,或可留意中芯購13174,行使價20元,實際槓桿5.2 倍,引伸波幅53.4%,換股比率10兌 1,2022年09月29日到期。
至於瑞聲截至周三(25日)中午,曾創52周新低,低見15.3元。如看好瑞聲,或可留意瑞聲購12999,行使價21.8元,實際槓桿5.3 倍,引伸波幅62.7%,換股比率10兌 1,2022年09月29日到期。
本周大市氣氛有所好轉,恒生指數周二(17日)收市終於重返20000點大關之上,多個板塊皆造好,當中以汽車及科技板塊升幅最多,根據CitiFirst網站板塊熱力圖所示,截至周三(18日)收市,汽車板塊一周已升10%,為表現最佳板塊。截至周三(18日)從認股證資金流來看,過去5日樂、悲觀情緒資金流比例為27:73,或反映投資者沽出認購證並部署淡倉認沽證。另外,技術走勢上,恒指暫時仍受制於月初裂口約20800點位置。投資者如看淡,或可留意恒指沽16034,行使價16000點,實際槓桿6 倍,引伸波幅40.1%,換股比率6000兌 1,2022年11月29日到期。相反如看好,或可留意恒指購27684,行使價22000點,實際槓桿10.6 倍,引伸波幅27.5%,換股比率8800兌 1,2022年09月29日到期。
吉利(0175)自三月中旬起開始窄幅整固,並沿10天綫築底,上周五(13日)走勢現黃金交叉,股價周二突破13元附近阻力位置。另外,市場或憧憬汽車及汽車零件製造商重鎮短期內全面恢復生產。如看好吉利後市走勢,或可留意吉利購28286,行使價15元,實際槓桿4.3 倍,引伸波幅54.6%,換股比率10兌 1,2022年10月28日到期;如看淡,或可留意吉利沽29816,行使價10元,實際槓桿4.5 倍,引伸波幅63.4%,換股比率5兌 1,2022年09月29日到期。
另外,據報内地汽車下鄉政策有望於6月初落地,有業內專家估計這個措施將促進汽車銷量,或利好車股。比亞迪(1211)周二(17日)以大成交37億元突破245元左右阻力區,截至周三(18日)更連升4個交易日,今日表現仍逆市企穩,逼近年初高位約280元位置。 投資者如看好比迪,或可留意比迪購24328,行使價300元,實際槓桿6.8 倍,引伸波幅58.9%,換股比率100兌 1,2022年07月28日到期;如看淡,或可留意比迪沽13437,行使價187.88元,實際槓桿4.5 倍,引伸波幅68.9%,換股比率100兌 1,2022年08月31日到期。