个案解读:永乐对赌大摩2005年好不容易才到香港上市的永乐最近因为股价爆跌,有点烦。4月底,永乐才刚高调宣布过与北京的地头蛇大中电器全面合作。但这个举动似乎并没有得到包括摩根士丹利等外资投行机构的认可。事后不久大摩就宣布调低永乐的评级,并连续四次大规模抛售股票。永 Case analysis: Yongle was very annoyed by the fact that Yongle, which had a hard time making a bet on Hong Kong in 2005, had recently arrived in Hong Kong. At the end of April, Yongle had just announced a high-profile announcement that it had cooperated fully with Beijing’s Shantou Snake Dazhong Electric. But this move does not seem to have been approved by foreign investment banking institutions including Morgan Stanley. Shortly afterwards, Morgan Stanley announced the reduction of Yongle’s rating and sold shares four times in a row. Always