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《大行报告》中金:恒指季检结果对碧桂园服务等正面影响 更多新经济公司获纳入
阿思达克 05-24 11:39
恒生指数公司上周五(21日)收市後宣布截季度检讨结果,恒指将加入信义光能(00968.HK)、比亚迪股份(01211.HK)及碧桂园服务(06098.HK),成份股数目将由55只增加至58只。所有变动将於2021年6月7日(星期一)起生效。中金发表报告表示,相关指数变动与该行此前预览的结果存在部份差异,主要原因是在於尽被纳入公司都在该行根据量化标准筛选的长名单里,但最终筛选的纳入短名单无据可循,部份是根据恒生指数调整委员会的主观选择,因此存在加大的预测难度。

该行指,据当前市场估算汇总,追踪恒生指数的ETF资金规模约221亿美元、追踪国指及恒生科技指数的ETF资金规模各约49亿美元和5亿美元,结果上述成份股权重的变化,该行测算了其潜在被动资金流向,进一步结果个股於过去三个月日均成交额,便可以测算被动资金变化可能带来的影响。

就恒指方面,该行料被动资金流入所需时间最多的碧桂园服务(06098.HK)、比亚迪(01211.HK)、信义光能(00968.HK)、美团(03690.HK)及阿里巴巴(09988.HK),预计需要2.5至0.5天不等;所需交易被动资金流出中,预计友邦(01299.HK)、新地(00016.HK)及汇控(00005.HK)分别需要1.8、0.8及0.7天。

中金指,恒指今次调整成份股由55只小幅增加至58只,可能是避免一次性的冲击过大,但未来扩容趋势已经显现。从行业代表性提升,参照恒指公司的对行业分类,即7个行业组,发现地产建筑、其他和非必需及必需性消费板(工业、能源业、原材料业和综合企业)的覆盖度此次均有所提升,覆盖度分别增加4个百分点、2.7个百分点和2个百分点,各至40.5%、32.6%及35.3%。

综合来看,在上述系统优化後,恒指和国指的新经济板块占比均有所提升。具体来看,恒指和国指的新经济板块占比分别从调整前的40.2%和55.1%,提升至44.3%和58%,特别是可选消费板块,其权重分别从15.6%和18.6%,大幅提升至21.4%和25.4%。

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