Original title: "Credit Suisse Wo Wheel" [Credit Suisse Stock Round Review] XIAOMI's performance Meituan adjusted, JD.com broke the top net Yi Huiyong Source: Asdak Financial News
The direction of Hong Kong stock market is unknown. 25500 points sawing.
Trend analysis
Hong Kong stocks consolidated within a narrow range, and the Hang Seng Index hovered around 25500 on Tuesday. The high rose above 25600, but the low fell nearly 200 to below 25400. The market closed down more than 60 points, failing to stabilize the 25500-point water level.
With the repeated ups and downs of Hong Kong stocks, Sino-US relations and the global epidemic still have the opportunity to bring uncertainty to the market. The Hang Seng Index hovers around the 25500 level, up or wait and see whether the chance to challenge the 25500 antenna is about 25785 points, or whether the 25000 mark can be established.
Summary of strategy
The direction of Hong Kong stocks is not clear, good short positions are subject to capital consideration. Enterprising friends have recently changed their horses up to a near-price cow certificate with a recovery price of about 25200 points. if you are worried about a higher risk of recovery, please refer to 25000 for support, or consider taking back a cow certificate with a recovery price near that level.
There is also an opportunity for funds to wait and see to take back the short position. Enterprising light friends are considering taking back near-price bear certificates with prices around 25800 points, while more conservative ones are mainly considering bear certificates with a recovery price of about 26000 or more recently.
HSI Bull Certificate 63829, recovery price 25200 points, exercise price 25100 points, leverage ratio about 68.9 times, exchange ratio 10000.
Hang Seng Index Bull Certificate 67298, recovery price 25113 points, exercise price 25013 points, is a newly listed product, the exchange ratio is 10000.
Hang Seng Index Bear Certificate 55190, recovery price 25850 points, exercise price 25950 points, leverage ratio about 51.8 times, exchange ratio 12000.
Hang Seng Index Bear Certificate 55191, recovery price 26050 points, exercise price 26150 points, leverage ratio about 34.8 times, exchange ratio 12000.
The Hang Seng Index subscription certificate is 14196, with an exercise price of 26600 points, which expires in December 20 years, with an actual leverage of about 11.9 times.
The Hang Seng Index sell Certificate 14179, with an exercise price of 23900 points, expires in December 20, with an actual leverage of about 8.7 times.
XIAOMI lost 18 yuan and regained Meituan's high position.
Trend analysis
XIAOMI Group (1810) after days of high, made a slight adjustment on Tuesday, the low has fallen more than 3%, but lost 18 yuan support, the closing decline narrowed to less than 2% 18 yuan also lost. XIAOMI will soon announce the results, up to challenge 19 yuan, 17 yuan listing price may be referred to as support.
Meituan's comments (3690) ended with a three-game rise, losing Rmb260 on Tuesday, falling more than 4 per cent to close the market with a drop of more than 3 per cent. Softening after breaking the top for several days may help to digest the profit selling pressure, wait and see the opportunity to challenge 270 yuan, and support move up to 250 yuan.
Summary of strategy
Millet consolidation before performance, friends continue to consider the exercise price of more than 19 yuan subscription certificate. It is worried that $18 may not be able to hold steady, and it can also be seen that some friends have made backhand arrangements and have gradually moved up to a sell certificate with an exercise price above $16.
Meituan fell back from his high position and re-attracted funds for good warehouse deployment, mainly considering subscription certificates with an exercise price of RMB280 or more. Recently, more funds backhand deployment of short positions, you have also moved up to the exercise price of more than 200 yuan of the sell certificate, in order to reduce the price range.
XIAOMI subscription certificate 17598, the exercise price of 19.38 yuan, due in February 21, the actual leverage of about 4.2 times.
XIAOMI sell certificate 17565, the exercise price of 16.18 yuan, due in January 21, the actual leverage of about 4.4 times.
XIAOMI Bull Certificate 62469, recovery price 17.14 yuan, exercise price 16.74 yuan, leverage ratio about 10.6 times.
XIAOMI bear certificate 54533, recovery price 20.28yuan, exercise price 20.68yuan, leverage ratio about 5.9times.
Meituan subscription certificate 24754, the exercise price of 281.88 yuan, due in February 21, the actual leverage of about 4.1 times.
Meituan sell certificate 22005, the exercise price of 208.88 yuan, due in February 21, the actual leverage of about 4.0 times.
Meituan Niu Certificate 67296, the recovery price is 245.18 yuan, the exercise price is 242.18 yuan, which is a newly listed product.
Meituan bear certificate 54983, the recovery price of 278.88 yuan, the exercise price of 281.88 yuan, leverage ratio of about 12.1 times.
JD.com set a new high and NetEase, Inc broke the position.
Trend analysis
E-commerce stock JD.com Group (9618) broke the top again, rising more than 2% to an all-time high of 306 yuan on Tuesday, but profits seemed to rise above 300 yuan, but the market closed down slightly and failed to stabilize the 300 yuan mark. It needs to be increased by 300 yuan, and the support is moved up to 280 yuan.
NetEase, Inc Group (9999) has strengthened recently, rising more than 1 per cent to more than Rmb156 on Tuesday, breaking an one-month high, and closing at more than 1 per cent to stabilise at more than Rmb155a. Upward need to break through 160 yuan, support moving up to the reference level of 145 yuan.
Summary of strategy
JD.com hit a new high. Some investors sold the subscription certificate that had already arrived, and then changed the more expensive subscription certificate of about 340 yuan upward, waiting to see if the upward trend could continue. Funds with backhand short positions will be moved up to a sell certificate with an exercise price close to $250.
NetEase, Inc is strong, recently Haocang recorded the attention of funds, mainly considering the subscription certificate with an exercise price of more than RMB170. if the upward trend continues, it may be necessary to change the horse to the subscription certificate with an exercise price of more than RMB180RMB. Worried about the softening of the high position, some light friends also made small bets to consider a sell certificate with an exercise price of less than 130 yuan.
JD.com subscription certificate 24664, the exercise price of 340.38 yuan, due in January 21, the actual leverage of about 5.2 times.
JD.com sell certificate 24751, the exercise price of 245.88 yuan, due in February 21, the actual leverage of about 4.1 times.
NetEase, Inc subscription certificate 18511, the exercise price of 173.98 yuan, due in January 21, the actual leverage of about 5.7 times.
NetEase, Inc subscription certificate 22957, the exercise price of 180.1 yuan, due in April 21, the actual leverage of about 4.3 times.
NetEase, Inc sell certificate 16859, the exercise price of 125.88 yuan, due in January 21, the actual leverage of about 5.2 times.
Sources of the above products: Bloomberg and Credit Suisse cswarrants.com
(there is no collateral for this structured product)
"he Qicong, head of Credit Suisse Hong Kong warrants and CBBCs sales"
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