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《大行報告》瑞銀料美資撤出中資三大電訊股沽壓影響或持續數周
阿思達克 01-08 12:48
瑞銀發表報告表示,就紐約證券交易所宣布再次推翻其先前的決定,按美國財政部外國資產控制辦公室行政命令,美國人士自1月11日起,不得進行該行政命令中所規定的若干交易,將三大中資電訊股(中移動(00941.HK)、聯通(00762.HK)及中電信(00728.HK))美國存託證券下市,美國投資者包括共同基金或ETF基金,將不得再投資三大中資電訊股,中資電訊股短期被迫拋售,或會令股價受壓‧。

該行估計,美資撤出中資電訊股,料相關拋售活動影響或會持續數周,因美國投資者可以將ADR轉換為H股,並需要在2021年11月之前出售中資電訊股H股,美預託證券佔中資電訊運營商自由流通量的3至8%。此外,指數和ETF可能會使根據指示進行的調整,在接下來的幾周內將中資電訊商剔除。

瑞銀收集的數據表明,30家機構基金(其中大多數是外國基金)持有上述三大中資電訊股的自由流通量約20%,因相關數據可能不完整,料基於美國投資禁令潛在所引起強制沽售影響可能較大。

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