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《大行報告》大和:阿里(09988.HK)申請「雙重主要」上市 料明年潛在獲納港股通 可吸引資金流入
阿里巴巴-SW(09988.HK)公布,董事會已授權公司管理層申請在聯交所主板改變上市地位為主要上市,預期將於今年年底前生效,完成後,阿里將成為以美國存託股份於紐約證交所,以及以普通股於聯交所雙重主要上市的公司。大和發表報告表示,據了解阿里上市狀態變更期間不會發行新股,但公司將面臨香港聯交所增加監管的規定,如須披露對關聯方的財務擔保、控股股東進行股票質押等。 該行預計阿里巴巴一旦落實「雙重主要上市」,將可掃清其納入港股通計劃的障礙,進一步提升阿里巴巴股票的流動性。該行指現時小鵬汽車-W(09868.HK)、理想汽車-W(02015.HK)等部分新能源汽車已被納入滬港通,截至7月25日,南向資金對此兩股的持股比例為4-6%。相比之下,截至7月25日,符合港股通條件的兩家科技巨頭騰訊(00700.HK)和美團(03690.HK),南向資金對其持股比例分別為7%和10%。該行認為,雖然阿里巴巴H股的互聯互通可能會要在2023年落實,但料流入阿里巴巴-H股的大量資金應該會支撐其股價。 大和表示,維持阿里巴巴(09988.HK)「買入」投評級,料資金流入可能推動近期價格上漲,因為阿里巴巴被許多投資者「低配」。
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