Sina Port stock news on November 25, BABA will be listed in Hong Kong tomorrow, 42 times overbought, frozen capital of more than 96 billion yuan, more than 200000 retail investors to participate in public subscription, the success rate is as high as 80%, buy 5 hands firmly in 1 hand. Today, BABA closed up 4.94% at HK $184.7 in dark trading. According to the announcement, BABA's final selling price has been determined at HK $176a share, which will be held in Hong Kong Exchanges and Clearing on November 26th.Listed on the main board, the stock code is 09988.
BABA is priced at HK $176a share, which is equivalent to pricing US stocks at US $180,000,000, which is about 2.6 per cent discount to last Thursday's closing price of US stocks of US $184.86. As BABA comes to Hong Kong for a second listing and shares in Hong Kong and the United States are common, the difference between BABA's Hong Kong offer and that of the United States will eventually narrow quickly.
Yaocai Securities Research estimates that Hong Kong's BABA shares are only at a 2.6 per cent discount to US stocks, but after deducting about 1 per cent of Hong Kong stock transaction costs, there is only about 1.6 per cent profit. However, the bank believes that BABA's listing may lead to an increase of about 10 per cent in Hong Kong stock market turnover.
Zhi Yaohui, director of Yaocai Securities Research Department, said that in fact, BABA has already been listed in the United States. As BABA's listing price in Hong Kong closely follows that of the United States, the stock price discount is not large. If investors are optimistic about the long-term trend of BABA, they should have bought BABA in the United States. If he subscribes for shares this time, Chi Yiu-fai suggests that investors should be able to buy shares before listing if they do not have any shares.
In terms of basic factors, he pointed out that BABA's business is good, especially in terms of "cloud business", which leads the market share in the mainland, which is definitely the selling point of the stock. In addition, the mainland is expected to continue to implement policies to stimulate domestic demand, all contribute to BABA's performance. As a fan of Tencent (0700), he said frankly that in some ways, BABA may be better than Tencent. He thinks that collecting two technology leading stocks is also a good investment strategy.
Tang Lihong, director of the research department of Anli Securities, believes that BABA's active subscription shows that market funds are very interested in new economy stocks and have the opportunity to drive other technology stocks to be popular. New economy stocks such as Tencent and Meituan (3690) are expected to benefit.