Pablo Gonzalezpresident of the state oil company YPFreceived the invitation to listing on the Hong Kong Stock Exchange during a meeting in Beijing in which the official exposed good financial results reached in the first trimester of the year and taking into account the growth of oil and gas production which was reached compared to the same period in 2022.
The possibility that the oil company consider listing on the Hong Kong stock market takes shape also due to a combination of factors, both fundamental as technicians, since YPF is announcing positive results during the last quarterswhich exposes a good performance of the Argentine flag oil company.
Nicholas AguzinChairman of the Hong Kong Stock Exchange, met with Gonzáles and together they discussed the future of the company, the energy potential and the opportunities in the Argentine market, states the official statement.
It should be noted that, in the New York square, YPF is close to closing the month with a slight setback of 0.2%. However, so far this year, the papers of the oil company add an advance that exceeds 20%.
The novelty of YPF: a national milestone
YPF maintains the goal of the US$5,000 million investment for this year, while throughout the first quarter it invested US$1,298 million. This shows year-on-year growth very close to 80%.
As a leading company in the country, YPF has been trading in Argentina for many years and went public on the New York Stock Exchange in 1993.”It would be a significant milestone if it goes public in Hong Kong.since by seeking capital or listing on different stock exchanges, companies are available to be acquired by investors from different parts of the world,” he told Ambit the ideal financial adviser for the market Gaston Lentini.
It is interesting to note that last year, through conversations on social networks, there were already communities Chinese and Japanese talking about YPF. This shows that there is international interest in our company,”similar to how we talk about Alibaba during the pandemic,” added the financial adviser consulted by this means.
The finance expert highlighted the potential of YPF, which he pointed out that “it is enormous, beyond political conflicts, state intervention and nationalization.” Likewise, he recalled that it cannot go unnoticed that if someone in China is watching YPF, “you will see that it is a company with the second largest gas reserves in the world and one of the three deposits largest lithium on the planetready to be developed”.
A new stage begins
“This milestone is important, both for the history of the company and that of the countrybecause it definitely opens up the possibility that more people invest in Argentinaeither directly or indirectly,” Lentini said.
For the finance expert, the fact that YPF landed in the Hong Kong plaza marks the beginning of a conversation about “foreign investment and the need to receive capital from abroad” and stressed that it is a direct path for an Argentine company “have the opportunity to attract international investors and promote their development.
Meanwhile, from the team of Bull Market Broker Research assured that the fact that YPF is listed in the Hong Kong market will allow enhance the benefits of the statesince the square of the semi-autonomous territory (Hong Kong) “It is the third money vacuum after Wall Street and London“. So I could bring you liquidity and demand to paper.
Source: Ambito
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