《大行報告》美銀證券:嗶哩嗶哩(09626.HK)可能獲納入港股通(南向) 人民幣貶值或是增加南向資金流入另一驅動力
美銀發表研究報告指,嗶哩嗶哩(09626.HK)於10月3日將成為第二間在香港由第二上市地位轉換為雙重主要上市的回歸ADR公司。由於嗶哩嗶哩於2021年3月在港上市,除非內地監管機構不承認第二上市歷史為「合格期」,否則集團應滿足不同投票權公司上市時間的要求。 因此,該行預計公司將在10月國慶節後加入南向通,首先會是深圳,然後是上海。而阿里巴巴(09988.HK)的情況亦與之相同。
報告表示,市場氣氛疲弱導致今年港股成交量下跌。首九個月的日均成交量(ADT)由去年同期的1,650億元降至約1,000億元。而南向通表現則較正面,首九個月南向流入2,540億元,但仍遠低於去年同期的4,000億元。
該行提到,人民幣貶值可能是增加南向資金流入的另一個驅動因素。上一輪人民幣兌美元貶值亦部分推動了南向成交量上升。該行維持港交所(00388.HK)「買入」評級,認為南向交易將納入更多ADRs,預計資金流入可提振集團的盈利潛力。
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