You are browsing the Hong Kong website, Regulated by Hong Kong SFC (CE number: BJA907). Investment is risky and you must be cautious when entering the market.
瑞銀:SEC“預摘牌名單”影響中概新能源車股估值

美國證券交易委員會(SEC)近日公佈一份包含5間中概股的“預定摘牌名單”,瑞銀髮表研究報吿指,在上述名單公佈後,顯示了相關的退市風險存在,在美國以ADR形式上市的中國電動汽車公司股價回落,認為若相關的不確定性存在,可能會永久影響以ADR形式上市的中國電動汽車公司估值,因為香港市場無法提供這麼多的流動性,在短期內,這種不確定性可能會使股價更加波動。

該行表示,部分機構投資者已把相關的ADR轉換為H股。然而,與許多具盈利的科網公司不同,中國電動汽車公司除理想汽車(2015.HK)外仍處於虧損狀態。在正面的情況下,中國和美國當局可以就監管方面達成妥協,然而,在負面情況下,這些公司可能需要在雙重上市狀態下轉換為H股,並失去其在美國股市的再融資渠道。

該行提及,電動汽車製造商蔚來、小鵬汽車和理想汽車的估值收縮也對比亞迪、長城汽車和吉利等H股上市汽車製造商的估值造成了附帶影響。然而,像蔚來和小鵬這樣的虧損公司如果脱離美國市場,可能面臨更多的再融資風險。

Follow us
Find us on Facebook, Twitter , Instagram, and YouTube or frequent updates on all things investing.Have a financial topic you would like to discuss? Head over to the uSMART Community to share your thoughts and insights about the market! Click the picture below to download and explore uSMART app!
Disclaimers
uSmart Securities Limited (“uSmart”) is based on its internal research and public third party information in preparation of this article. Although uSmart uses its best endeavours to ensure the content of this article is accurate, uSmart does not guarantee the accuracy, timeliness or completeness of the information of this article and is not responsible for any views/opinions/comments in this article. Opinions, forecasts and estimations reflect uSmart’s assessment as of the date of this article and are subject to change. uSmart has no obligation to notify you or anyone of any such changes. You must make independent analysis and judgment on any matters involved in this article. uSmart and any directors, officers, employees or agents of uSmart will not be liable for any loss or damage suffered by any person in reliance on any representation or omission in the content of this article. The content of the article is for reference only and does not constitute any offer, solicitation, recommendation, opinion or guarantee of any securities, virtual assets, financial products or instruments. Regulatory authorities may restrict the trading of virtual asset-related ETFs to only investors who meet specified requirements. Any calculations or images in the article are for illustrative purposes only.
Investment involves risks and the value and income from securities may rise or fall. Past performance is not indicative of future performance. Please carefully consider your personal risk tolerance, and consult independent professional advice if necessary.
uSMART
Wealth Growth Made Easy
Open Account