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180倍P/E奪LME 港交所稱物有所值 @ 2012-06-16T06: Back Hot News
Keyword:港交所 LME
Concept:166億元收購LME , 港交所166億港元收購
【港所走出去】港交所(00388)李小加:有信心收購LME
至今年3月開始,市場便傳出港交所有意收購LME,但港交所至4月底才證實有關傳聞。港交所當時發出澄清公告,指出該公司正式確認有參與相關競投LME程序。其後有消息傳出,匯豐控股(005)、德意志銀行和瑞士銀行將向港交所提供20億美元(約156億港元)貸款,以支付收購代價。惟港交所沒有確認有關貸款。
港交所(00388)成功奪得倫敦金屬交易所(LME)。港交所指,斥13.88億英鎊(約166.73億港元)收購LME控股公司LMEH全部已發行股本,並預期收購完成後第三年起,LME可為提升港交所盈利作出貢獻。
靈獅控股董事總經理藺常念直言,今次港交所以超過166億元收購LME肯定是作價過高,港交所不單止要保存LME原有的營運模式外,對LME的投資亦較難收回。同時LME的市場占有率,亦似有收縮跡象。他以銅交易為例,數年前LME占全球銅交易量的80至90%,可是近年面對紐約金屬交易所(COMEX)競爭,已減少至60%。市占率下跌,或與LME的交易方式有關,包括LME是以噸為單位,COMEX則以磅為交易單位。COMEX是每月結算一次,但是LME卻每日進行結算,COMEX的安排,吸引更多炒家。因此LME作為一家古老的交易所,並無跟上大勢轉變。

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