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.citiwarrants.com 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.
恒指周二(21日)以長下影綫收市,上日(22日)隨即以陰燭回吐,未能於20000點水平站穩,日綫雖仍處於多條移動平均綫之上,惟自去年10月高位計起,整體走勢暫仍呈一頂低於一頂,短期觀之,恒指周一(20日)仍有上升裂口,裂口底部位於約19640點。 投資者如看好恒指,或可留意恒指牛67988,收回價19180點,槓桿比率31.9 倍,換股比率10000 兌 1,2025年09月29日到期;如看淡,或可留意恒指熊65308,收回價20228點,槓桿比率35.3 倍,換股比率10000 兌 1,2026年12月30日到期。
中國國新辦今早(23日)舉行新聞發佈會,明確中長期資金入市指標,未來三年公募基金持有A股流通市值每年至少增長10%,國有大型保險公司每年新增保費的30%用於投資A股。
中資金融股今天普遍强勢,平保(2318)今早曾上試20天綫水平。 投資者如看好平保,或可留意平保購29165,行使價52.36元,實際槓桿11.7 倍,換股比率10 兌 1,2025年03月24日到期;如看淡,或可留意平保沽27717,行使價35.35元,實際槓桿10.8 倍,換股比率10 兌 1,2025年04月01日到期。
中資電訊股今日表現則靠穩,中移動(941)連日於20天綫下方爭持。 投資者如看好中移,或可留意中移購26663,行使價88.05元,實際槓桿13.4 倍,換股比率10 兌 1,2025年06月23日到期;如看淡,或可留意中移沽26039,行使價62.63元,實際槓桿14.8 倍,換股比率10 兌 1,2025年06月25日到期。
恒指周三全日於20天綫水平上落,收報19742點,全日跌3點,大市成交金額約1312億,較上日略微回升。 投資者如看好恒指,或可留意恒指牛62524,收回價19100點,槓桿比率26 倍,換股比率20000 兌 1,2027年10月28日到期;如看淡,或可留意恒指熊60372,收回價20400點,槓桿比率30.4 倍,換股比率10000 兌 1,2027年12月30日到期。
中國乘用車市場信息聯席會公布初步統計數據顯示,11月,新能源車市場零售127.7萬輛,按年增長52%,按月增長7%,另外据報道,比亞迪(1211)目前已組裝逾30%蘋果iPad平板電腦。比亞迪更表示,下一個重要行動將是與輝達(Nvidia)合作,為工廠開發人工智能(AI)驅動的機械人。比亞迪股價近日於10天綫及20天綫之間整固,周三收報260.4元,全日跌0.8%。 投資者如看好比迪,或可留意比迪購25764,行使價275.2元,實際槓桿9.1 倍,換股比率100 兌 1,2025年02月18日到期;如看淡,或可留意比迪沽28013,行使價248.88元,實際槓桿5.8 倍,換股比率100 兌 1,2025年04月07日到期。
小米(1810)股價近日於20天綫尋得支持反彈,周三再度逼近11月高位近30元水平,收報29.1元,全日冇升跌。 投資者如看好小米,或可留意小米購28870,行使價34.6元,實際槓桿6.4 倍,換股比率10 兌 1,2025年05月06日到期;如看淡,或可留意小米沽29138,行使價23.38元,實際槓桿5.7 倍,換股比率10 兌 1,2025年05月06日到期。
12月第一個交易日,恒指繼續於10天綫附近整固向好,截至上日,恒指牛熊街貨比例約為53:47,牛證重貨區位於19000-19099點水平,相關對冲期指合約張數逼近1200張,但見輕微減倉,而更貼價的牛證及熊證均見不同程度的加倉。 投資者如看好恒指,或可留意恒指購28699,行使價22110點,實際槓桿11.3 倍,換股比率9700 兌 1,2025年04月29日到期;或可留意恒指牛56435,收回價18600點,槓桿比率19.2 倍,換股比率20000 兌 1,2027年07月29日到期。如看淡,或可留意恒指沽27879,行使價18905點,實際槓桿9.9 倍,換股比率6800 兌 1,2025年03月28日到期;或可留意恒指熊60432,收回價20100點,槓桿比率35 倍,換股比率10000 兌 1,2027年12月30日到期。
美團(3690)上周五公佈業績勝預期,唯股價表現周一偏軟,周一低開逾5%,最低曾見159.9元低位,之後跌幅逐步收窄,中段更一度轉升。 投資者如看好美團,或可留意美團購28650,行使價207.2元,實際槓桿5.7 倍,換股比率100 兌 1,2025年04月23日到期;如看淡,或可留意美團沽28476,行使價124.3元,實際槓桿5.9 倍,換股比率50 兌 1,2025年04月23日到期。
澳門11月博彩收入勝預期,澳門濠賭股板塊周一普遍上揚,當中,銀娛(0027)承接上周五升勢向好,周一一度逼近200天綫,而金沙(1928)升幅更爲顯著,一度逼近10月反彈頂部。 投資者如看好銀娛,或可留意銀娛購27768,行使價50元,實際槓桿7.8 倍,換股比率10 兌 1,2025年04月02日到期;如看淡,或可留意金沙購28818,行使價29.33元,實際槓桿6.2 倍,換股比率10 兌 1,2025年04月01日到期。
上日午後恒指顯著抽升,嘗試重返10天綫水平,截至上日,恒指牛熊街貨比例約為51:49,牛證重貨區位於19000-19099點水平,相關對冲期指合約張數超過1100張,熊證比例在上日則見減少,最新重貨區則位於19700-19799點水平。 投資者如看好恒指,或可留意恒指牛56435,收回價186000點,槓桿比率24.8 倍,換股比率20000 兌 1,2027年07月29日到期;如看淡,或可留意恒指熊60435,收回價20000點,槓桿比率32.9 倍,換股比率10000 兌 1,2027年11月29日到期。
美團(3690)明天公佈業績,上日帶領大市反彈,嘗試突破近兩周短期區間頂部約176元水平。 投資者如看好美團,或可留意美團購28650,行使價207.2元,實際槓桿5.4 倍,換股比率100 兌 1,2025年04月23日到期;如看淡,或可留意美團沽28476,行使價124.3元,實際槓桿5.5 倍,換股比率50 兌 1,2025年04月23日到期。
騰訊(0700)近期傾向與大市同步,早前隨大市下試100天綫水平,股價在400元附近位置反覆。 投資者如看好騰訊,或可留意騰訊購26591,行使價450.2元,實際槓桿9.8 倍,換股比率100 兌 1,2025年03月26日到期;如看淡,或可留意騰訊沽28011,行使價363.43元,實際槓桿9.7 倍,換股比率100 兌 1,2025年03月25日到期。
恒指未能於100天綫站穩,短綫跌破8月上旬向上延伸的上升軌,今早(4日)隨外圍受壓,進一步跌破50天綫位置。 投資者如看好恒指,或可留意恒指牛66685,收回價16877點,槓桿比率32.7 倍,換股比率10000 兌 1,2025年09月29日到期;如看淡,或可留意恒指熊68834,收回價18000點,槓桿比率25.5 倍,換股比率10000 兌 1,2025年05月29日到期。
國際油價下挫,本港油股受壓,中海油(883)今早曾跌近半成,回落至保力加通道中軸下方,下試20元位置。 投資者如看好海油,或可留意海油牛57924,收回價18.2元,槓桿比率11.6 倍,換股比率50 兌 1,2026年07月02日到期;如看淡,或可留意海油熊65570,收回價22元,槓桿比率7.3 倍,換股比率50 兌 1,2025年07月02日到期。
金屬商品相關股份方面,紫金(2899)裂口低開低走,跌破7月尾8月初底部約14.74元水平,下試250天綫,投資者如看好紫金,或可留意紫金購24051,行使價17.4元,實際槓桿8.2 倍,換股比率10 兌 1,2024年12月20日到期。
洛鉬(3993)今早同樣受壓,股價下試近期底部200天綫支持。如看好,或可留意洛鉬購27136,行使價7.7元,實際槓桿5.2 倍,換股比率5 兌 1,2025年03月21日到期。
恒指上日(20日)於保力加通道頂部高開低走,以陰燭收市,未能延續升勢,今早(21日)低開約200點回試250天綫,截至上日,恒指牛熊街貨比例約52:48,牛證重貨集中於貼價的17100-17199點區間,相關對冲期指合約張數超過1200張,熊證則位於18000-18099區間,相關對冲期指合約張數超過1000張。 投資者如看好恒指,或可留意恒指牛66685,收回價16877點,槓桿比率32.1 倍,換股比率10000 兌 1,2025年09月29日到期;如看淡,或可留意恒指熊64698,收回價17800點,槓桿比率34.7 倍,換股比率10000 兌 1,2025年04月29日到期。
據外媒報導,京東(9618)大股東尋求出售其所持有的京東股份,京東今早低開逾一成下試紅底。投資者如看好京東,或可留意京東購26078,行使價120.09元,實際槓桿7.1 倍,換股比率50 兌 1,2024年12月05日到期;如看淡,或可留意京東沽27007,行使價96.94元,實際槓桿3.9 倍,換股比率50 兌 1,2025年02月05日到期。
另外,快手(1024)績後顯著下挫,截至今早最多曾跌12%。投資者如看好快手,或可留意快手購24625,行使價50.6元,實際槓桿3.6 倍,換股比率50 兌 1,2025年09月11日到期。
小米(1810)今晚將公佈業績,股價月初自200天綫約15.5元位置獲支持展開反彈,本周試探18元水平回落,現價仍處於區間頂部附近。 投資者如看好小米,或可留意小米購21593,行使價19.82元,實際槓桿7.7 倍,換股比率10 兌 1,2024年12月24日到期;如看淡,或可留意小米沽25150,行使價17.08元,實際槓桿5.3 倍,換股比率10 兌 1,2024年12月20日到期。
港股周二(19日)受壓偏軟,恒指下挫失守100天綫水平,資金流入貼價熊證部署,16800至16999點收回區間上日合共錄得接近1000張相關對冲期指合約加倉。 投資者如看好恒指,或可留意恒指牛51802,收回價16138點,槓桿比率34.3 倍;如看淡,或可留意恒指熊52706,收回價16808點,槓桿比率45.8 倍,也可留意收回價較遠的恒指熊52361,收回價17000點,槓桿比率30.5 倍。
有内媒指理想汽車(2015)新車Mega訂單不及預期並低於工廠產能,公司或考慮下調銷量目標,理想股價截至上日連跌4天失守250天綫,周二收報127.9元,全日跌8%。 投資者如看好理想,或可留意理想購22742,行使價188.98元,實際槓桿5 倍,換股比率100 兌 1,2024年08月27日到期;如看淡,或可留意理想沽23292,行使價100元,實際槓桿2.4 倍,換股比率100 兌 1,2024年11月21日到期。
今晚騰訊(0700)公佈業績,股價最近於約280至295元之間窄幅上落,整體走勢整固待變。 投資者如看好騰訊,或可留意騰訊牛68020,收回價263元,槓桿比率10.4 倍,換股比率500 兌 1,2024年08月01日到期;如看淡,或可留意騰訊熊64384,收回價310元,槓桿比率11.9 倍,換股比率500 兌 1,2025年04月01日到期。
上日(5日)恒指走勢繼續受壓尋底,弱勢仍然未止,繼早前新經濟股美團(3690)、阿里(9988)等拖累大市下跌之後,近日傳統板塊如友邦(1299)、港交所(0388)等亦大幅偏軟。但今早(6日)恒指輕微喘定,暫見反彈100點左右, 投資者如看好恒指,或可留意恒指牛54704,收回價16000點,槓桿比率29.9 倍,換股比率10000 兌 1,2023年12月28日到期;如看淡,或可留意恒指熊61793,收回價17000點,槓桿比率24.9 倍,換股比率10000 兌 1,2026年11月27日到期。
友邦(1299)上月於73元附近遇上阻力,股價截至周二連續8日收跌,累計跌幅超過13%,今早則仍要逆市受壓,一度低見61.6元,逼近今年低位61.15元後跌幅顯著收窄。 投資者如看好友邦,或可留意友邦牛52323,收回價59元,槓桿比率12.1 倍,換股比率100 兌 1,2024年02月01日到期;如看淡,或可留意友邦沽19582,行使價54.8元,實際槓桿新上市,換股比率10 兌 1,2024年03月21日到期。
在科網股中較為强勢的騰訊(0700)上月反彈至330元附近亦遇阻,股價連日靠穩橫行於100天綫上方,周二失守該水平並下試50天綫約305元的位置,今早則可隨大市反彈。投資者如看好騰訊,或可留意騰訊牛65298,收回價281元,槓桿比率8.3 倍,換股比率500 兌 1,2024年08月01日到期;如看淡,或可留意騰訊熊52990,收回價340元,槓桿比率9.4 倍,換股比率500 兌 1,2024年01月03日到期。