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匯豐研究:料阿里後將有更多中概股來港上市 重申港交所(0388.HK)“買入”評級
格隆匯 11-27 15:32

匯豐研究發表報告表示,阿里巴巴(09988.HK)在港上市後,除了是今年最高集資額的新股外,更重要的訊息是普通股和美國預託股份之間的完全可替代性可能會逐步將定價權從美國帶到香港,或有助吸引更多中概股來港上市,該行估計對港交所(00388.HK)的初步影響有限,但長遠而言應會增長。

該行補充,對於市傳美國將禁止採用可變利益實體架構(VIE)之中國公司上市的不明確因素下,有機會吸引該等公司轉移至透過第二上市來港掛牌,從而令港交所受惠,更相信知名科技公司的上市不僅會產生可觀的現金交易收入,更可推動衍生產品交易更為活躍。

匯豐研究認為,阿里巴巴的上市,有助提升港交所信心(於十月平均每日成交額僅750億元),更指港交所短期波動因素不變,惟長線前景仍穩健,維持其“買入”評級,目標價為285港元,更多內地科技公司來港第二上市是重要催化劑。

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