Editor / Futu Information koma
Futu News on November 28, yesterday$BABA (BABA.US) $It rose 3.14% to an one-and-a-half-year high, just $11 short of the all-time high.
Source: Futu Securities
Driven by this$BABA-SW (09988.HK) $It opened high today and rose quickly after the opening. It is now up 3.83% to HK $200.6, with a total market capitalization of HK $4.28591 trillion. It is worth noting that BABA's listing has continued to soar for three days, with a cumulative increase of 13% compared with the issue price of HK $176.
Source: Futu Securities
The Hang Seng Company announced yesterday that as BABA meets the requirements of the rapid inclusion rules of the Hang Seng Composite Index, the constituent stocks of the relevant index will make the following changes after the close of trading on Friday, December 6, 2019:
It will be included in the Hang Seng Composite Index and the Hang Seng Internet Technology Industry Index with effect from Monday, 9 December 2019.
According to the usual practice, once the constituent stocks of the Hang Seng Composite Index are included, they may be included in the general standard of Hong Kong stocks.
Macquarie previously issued a report sayingTarget price of American depositary shares (ADS) for BABA (BABA.US) is US $231.(the Hong Kong listing document means that every American depositary share represents eight Hong Kong listed shares, equivalent to HK $226 per Hong Kong listed share.) it is valued on a comprehensive basis and rated as "outperforming the market".Based on the listing of BABA in Hong Kong, the pool of funds for institutional investors to buy and sell BABA will be expanded, which will improve liquidity as a whole.It is estimated that BABA's short-term share price will be driven by capital flow.