On April 28, Jin10 data reported that a Hong Kong analyst told reporters that looking ahead to long-term development, it is estimated that Yao Cai Securities has its own operational strategy and can extend its securities business. After further initial investment, such as expanding market share and further dropping service fees, other businesses may benefit. If nothing unexpected occurs, the new company after the acquisition will definitely expand compared to the current business model of Yao Cai Securities, and in the future, it may need to benchmark Futu Holdings. After Ant Group completes the acquisition, it is expected that the price-to-earnings ratio could be around a dozen times; while the valuation of Futu Holdings has been pumped down, it is estimated that the valuations of the two will gradually converge.
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Ant Group's premium acquisition of Yao Cai Securities changes the competitive landscape of the Hong Kong securities industry.
On April 28, Jin10 data reported that a Hong Kong analyst told reporters that looking ahead to long-term development, it is estimated that Yao Cai Securities has its own operational strategy and can extend its securities business. After further initial investment, such as expanding market share and further dropping service fees, other businesses may benefit. If nothing unexpected occurs, the new company after the acquisition will definitely expand compared to the current business model of Yao Cai Securities, and in the future, it may need to benchmark Futu Holdings. After Ant Group completes the acquisition, it is expected that the price-to-earnings ratio could be around a dozen times; while the valuation of Futu Holdings has been pumped down, it is estimated that the valuations of the two will gradually converge.