《大行報告》中金:MSCI中國指數半年檢調整權重 料對騰訊及快手有正面影響
中金髮表報告表示,MSCI上週公佈了其所有指數的2022年5月的半年度指數審議結果,其中也包括MSCI中國指數。由於此次爲半年度的大調整,因此涉及到的指數增減和其他調整範圍較廣,影響較多,MSCI中國指數成分股變化爲新增33只成分股(港股納入4只,分別爲東方海外國際(00316.HK)、泡泡瑪特(09992.HK)、特步國際(01368.HK)和招金(01818.HK),同時剔除45只(所有變動將於5月31日收市後生效)。
該行指,MSCI半年檢調整後的涉中國市場成份股從當前的741只降至爲729只(其中A股505只,權重16.7%;B股4只,權重0.3%;港股191只,權重74.6%;中概股29只,權重8.5%)。
中金錶示,調除了成分股調整外,MSCI還調整了78家公司的自由流通因子(FIF,Foreign Inclusion Factor)、以及182家公司的納入股本數,也將因此會對成分股在指數內權重產生變化,如權重變化較大的騰訊(00700.HK)(料被動資金流入7.05億美元)、快手(01024.HK)(料被動資金流入4.89億美元)、京東健康(06618.HK)(料被動資金流入1.96億美元)、安踏(02020.HK)(料被動資金流入5,670萬美元)、陸金所(LU.US)(料被動資金流入5,330萬美元)等均與此有關。
潛在影響方面,中金指關注對東方海外、特步、伊泰B(900948.SH)、泡泡瑪特、京東健康等正面影響;對渤海銀行(09668.HK)、華寶國際(00336.HK)、富力(02777.HK)、理文造紙(02314.HK)、九龍倉(00004.HK)、高鑫(06808.HK)等負面衝擊 。
而阿裏巴巴(09998.HK)、美團(03690.HK)、建設銀行(00939.HK)、京東集團(09618.HK)、中信證券(06030.HK)、中國平安(02318.HK)、微盟集團(02013.HK)、網易(09999.HK)、工商銀行(01398.HK)和中國銀行(03988.HK)等因攤薄或剔除,在指數中權重的下降最大,從0.2%到0.04%不等。(wl/a)
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