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《大行報告》摩通料快手(01024.HK)最快上市十個交日後可獲納入恆生科指
阿思達克 01-26 14:51
摩根大通發表研究報告指,同股不同權企業快手(01024.HK)將於2月5日在港上市,若完全行使超額配售權,上市後總市值可能高達620億美元,合計指數浮動市值約為27億至30億美元。

摩通指出,根據快速納入機制,快手有望在上市第十個交易日獲納入恆生科技指數,觸發約1.07億美元的潛在被動流入,令科技指數成分股增至32隻,至3月底再調整為30隻。國企指數方面,若要被快速納入,快手的市值必須在目前國企指數成份股中排名前十,換言之其價格在上市首日將要上漲約44%以上,並超越排名第十的京東健康(06618.HK),才可符合要求。

該行又預期,如果快手流通市值達到22.4億美元以上,將可進入MSCI快速納入通道,觸發約2.38億美元的潛在被動流入,佔MSCI中國指數的權重約0.08%,但由於農曆新年假期臨近,預期MSCI將2月份的檢討中作調整。摩通指,快手目前自由流通量約為4.87%,根據富時的要求,自由流通量在5%或以下的公司,自由流通市值需要達到47.4億美元才可獲快速納入,因此預期不大可能短期內實現。

由於快手採用同股不同權投票架構,該行估計要等到2021年9月後才將被納入互聯互通名單。

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