BDA’s Simon Kavanagh speaks to Bloomberg about Hong Kong’s vibrant M&A sector

Simon Kavanagh, Head of Industrials, BDA, was quoted in Bloomberg.

Bloomberg reports that 2024 has been a busy year for takeovers involving Hong Kong-listed companies, with US$38bn in M&A activity, the highest since 2017, including several contested deals.

“Regardless of the winner, if these transactions progress smoothly and the Hong Kong Takeover Code is seen to work well, we can expect to see further opportunistic approaches to public shareholders,” said Simon Kavanagh.

“The trend would be a welcome catalyst for the local stock market,” added Kavanagh.

Kavanagh notes that despite recent gains in Hong Kong stocks, “the Hang Seng Index is still trading at half the price earnings ratio of the S&P 500 Index, so there is value to be found on the Hong Kong market.”

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