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瑞银料中美关系紧张无阻中资企业赴美上市
阿思达克 12-08 16:06
瑞银投资银行亚太区主管暨中国总裁金弘毅表示,在政治不确定性下中资企业依然会考虑到美国上市,年内便有陆金所(LU.US)及金山云(KC.US),认为美国投资者更了解部分行业情况,给予估值亦更高,例如新能源汽车可参考Tesla(TSLA.US)的估值,因此近年有不少中国新能源汽车制造商到美国上市。

香港市场方面,他指出,今年香港股市主要受美国中概股回流及上市公司配股、可换股债券发行所支持,预期未来继续有医疗健康、生物科技、消费、物管及科技行业的新股在港上市,中概股回流香港作第二上市以及中资企业赴美上市的趋势亦会持续。

疫情限制下,今年并购活动大减,瑞银全球投资银行部亚洲并购部主管卢穗诚指,封锁政策所限今年全球并购交易及中国企业海外并购宗数料创新低,但预期会持续有外国公司将中国子公司分拆出售,企业积极出售非核心资产以减债,近期也有不少私有化计划出现,认为市场活跃度未减。他又指,国企重组不受疫情影响,今年中石油(00857.HK)及中石化(00386.HK)便将资产售予国家管网集团,估计明年仍可见到类似重组计划。

至於中资企业海外并购,瑞银明年会出现更大幅度反弹。卢穗诚解释,国内疫情缓和,较欧美市场复苏得快,目前交易价格回落至较合理水平,已有中资企业向其透露,待欧美地区疫情回复稳定後便有意重启收购计划。

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