Lates News

A report released in Lyon stated that since Ningde Times went public in Hong Kong, its stock price has risen by over 23%, currently trading at a 11% premium to its A-share price. The bank reiterated its "highly confident outperforming the market" rating on Ningde Times with a target price of 385 Hong Kong dollars. The bank believes that the premium on H-shares may be the new normal for large dual-listed companies in mainland China and Hong Kong. BYD, the closest competitor to Ningde Times with a dual-listing, also has a 5% premium on its H-shares, which have been trading at a premium to A-shares since early May. The 11% premium on Ningde Times' H-shares may be due to positive sentiment surrounding its Hong Kong listing, and even after the initial market excitement, the premium on its H-shares may continue.