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《大行報告》美銀證券:國壽(02628.HK)美股退市影響有限
阿思達克 08-16 09:50
美銀證券發表報告指,中國人壽(02628.HK)公佈計劃於美股退市,目標於今年9月初完成所有除牌及註銷。由於其美國預託證券(ADRs)只佔總股本的0.5%,該行並不認爲是次美股退市將影響集團的業務基礎,或於上海/香港的股份流動性。 該行表示,是次國壽與另外四間國企從美股退市,並不代表預示其他ADRs的命運,因國企情況特殊,美國不是他們的主要市場,市值及轉手有限。而國企與其他民營企業相比,即使中美在達成審計協議方面取得進展,國企也不太可能遵守有關審計要求。 美銀的基礎情境預測仍是其他ADRs將於2024年,即連續三年無法滿足監管要求時從美股退市,主因中美談判進展緩慢,內地官員在過去兩個月對進展保持沉默,美國監管機構亦對結果持審慎態度。美銀證券予國壽H股「買入」評級,目標價16港元。
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