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伍洛桓先生(Gary Ng)
經理

畢業於美國加州大學聖地牙哥分校。對投資股票、期權經驗豐富。本人樂意為客戶提供投資分析及買賣策略。歡迎各位來電交流心得。
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沽出電能實業(0006)認沽期權

Wednesday, April 23, 2025 Views84

電能實業(0006) 從事投資能源及公用事業相關業務,主要投資於港燈電力及世界各地的能源及公用事業,範圍包括火力及可再生能源發電、輸電和輸油、配電及配氣等。

集團業務多元化,投資組合遍佈香港、英國、澳洲、加拿大等地,涵蓋電力、天然氣、可再生能源等公用事業,抵消單一市場風險。大部分收益來自受監管的基礎設施資產,如電網與天然氣輸配網,收益穩定。

主要股東為長江基建,屬長和系公司,擁有豐富的基建管理經驗與資源,亦能與集團其他公司產生協同效益,包括投資、管理與資本運作能力。

集團去年純利增長1.9%,達61.19億元;末期股息每股2.04元,按年持平,全年股息合共為每股2.82元,股息收益率約6%。預料6%股息收益和長期維持穩定的股息派發可為股價提供良好下行保護。

沽出下月(5月)認沽期權行使價$46.00,期權金收$0.55,年度化收益率11.9%。如放置總價值50%之按金,年度化收益率可提升至23.8%。

假若電能實業股價於到期日(5月29日)收市價高於行使價$46.00,此合約將會失去所有價值,而沽方就可收取全數期權金。若股價低於行使價$46.00,你將會用行使價$46.00買入電能實業股票。收取的期權金可以用作減低買入成本,令你可以更低價錢買入股票。

 

電能實業 0006.HK 25年5月$46.00認沽

 

 

方向

沽出認沽

 

 

合約股數

500

 

 

合約張數

15

 

 

期權金收取

$0.55*15*500=$4125

 

 

年化收益率

11.9%

 

 

 

 

 

若到期日(5月29日)收市價低於行使價 $46.00

相等於買入股票價錢  $46.00- $0.55 = $45.45

 

 
   
   

  
        

註:本人伍洛桓為證監會持牌人士。截至本評論文章發表日止,本人及/或其有聯繫者並無持有全部提及之証券的所有相關財務權益。

This report is produced and is being distributed in Hong Kong by Phillip Securities Group with the Securities and Futures Commission (“SFC”) licence under Phillip Securities (HK) LTD and/ or Phillip Commodities (HK) LTD (“Phillip”). Information contained herein is based on sources that Phillip believed to be accurate. Phillip does not bear responsibility for any loss occasioned by reliance placed upon the contents hereof. The information is for informative purposes only and is not intended to or create/induce the creation of any binding legal relations. The information provided do not constitute investment advice, solicitation, purchase or sell any investment product(s). Investments are subject to investment risks including possible loss of the principal amount invested. You should refer to your Financial Advisor for investment advice based on your investment experience, financial situation, any of your particular needs and risk preference. For details of different product's risks, please visit the Risk Disclosures Statement on http://www.phillip.com.hk. Phillip (or employees) may have positions/ interests in relevant investment products. Phillip (or one of its affiliates) may from time to time provide services for, or solicit services or other business from, any company mentioned in this report. The above information is owned by Phillip and protected by copyright and intellectual property Laws. It may not be reproduced, distributed or published for any purpose without prior written consent from Phillip.
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