《大行报告》瑞银料有15只港股将涉美禁投资令影响 估中移动及中海外由美资所持净寸头金额最高
就美国总统特朗普於本月12日签署了一项行政命令,禁止任何美国人士对若31间中国公司的公开交易证券、该等证券的任何衍生证券或旨在为该等证券提供投资机会的证券进行交易,瑞银发表报告表示,评估了中港市场上有与上述31间中国公司有关联的上市公司约140间(包括由上述31间控股的公司)。
该行利用汤森路透发布的季度美国基金备案数据,这些公司在美国基金的净持有头寸超过3,000万美元计算,将大约140家公司的名单缩小至15家上市公司,本港上市包括中移动(00941.HK)、中国海外(00688.HK)、中国铁塔(00788.HK)、中电信(00728.HK)、联通(00762.HK)、中国金茂(00817.HK)、中车(01766.HK)、中通服(00552.HK)、中铁建(01186.HK)、中交建设(01800.HK)、远东宏信(03360.HK)、中国建筑国际(03311.HK)、中国海外宏洋(00081.HK)、中航科工(02357.HK)、中海物业(02669.HK)等。
瑞银指,列出上述35只中港市场股中,若按美资所持净头寸(Net position)计,第一位是中移动、第二位是中国海外、第三位是海康威视(002415.SZ)、第四位是中国铁塔、第五位是中电信,属首五位;该行估计美资对此5只股份的持股净头寸市值各为46.82亿美元(约363亿港元)、25.77亿美元(近200亿港元)、13.83亿美元(约107.2亿港元)、11.92亿美元(约92.42亿港元)及8.35亿美元(约64.7亿港元),而联通(00762.HK)获美资所持净头寸第六高(涉4.56亿美元或35.35亿港元)。
该行指,有关指数调整和潜在上市影响的问题,投资者正在等待指数提供公司所作评估与受影响名称相关的潜在指数调整。在该行评估35家名单中,有20家在A股上市,而15家在香港上市。该行认为,事态发展可能会促使某些香港上市公司通过中国存托凭证(CDR),返回内地寻求上市,相信在岸投者亦准备增加对中国资产配置,或构成利好。
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