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港交所關鍵位攻防:業績利好能否突破阻力?
Ge Long Hui· 2025-11-06 12:33
Group 1 - The core viewpoint of the article indicates that Hong Kong Exchanges and Clearing Limited (HKEX) is experiencing a technical rebound opportunity after a period of significant price adjustment, with multiple indicators showing it has entered an oversold zone [1] - Morgan Stanley reported that HKEX's net profit for the third quarter was HKD 4.9 billion, representing a year-on-year increase of 56% and a quarter-on-quarter rise of 10%, exceeding their estimates by 3% [1] - The divergence between the stock price performance and the fundamental drivers, such as trading volume, creates conditions for a strong price increase in the coming months, leading to a maintained "overweight" rating with a target price of HKD 530 [1] Group 2 - Technical indicators for HKEX show clear signs of overselling, with the stock price operating below multiple moving averages, indicating continued pressure on short-term trends [4] - The Relative Strength Index (RSI) has dropped to 39, suggesting a weakening of downward momentum, while key support and resistance levels are identified at HKD 411 and HKD 433, respectively [4] - Recent market data indicates that bearish derivative products related to HKEX have performed well, with UBS's bear certificate recording a 23% increase and Morgan Stanley's bear certificate rising by 18% [5] Group 3 - For investors optimistic about a technical rebound, HSBC's call option (29458) with a strike price of HKD 500 offers approximately 8.3 times leverage, making it the highest leveraged bullish product in the market [11] - Conversely, for those who believe the adjustment trend is not yet over, options such as Bank of China’s put option (18983) and UBS's put option (18808), both with a strike price of HKD 368.48, provide leverage of around 12 times [11] - In the context of structured products, various options with different strike prices and leverage ratios are available, with a focus on selecting products that align with individual risk tolerance and market outlook [10][11]