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Did Wuhan Guoyuan (02881), which once received 337 times subscription, reach its peak when it went public and fell below the issue price after only one month?
Is the organic industry in Wuhan (02881) just a flash in the pan amidst difficult fundamentals?
China International Capital Corporation: The internationalization level of domestic chemical industry leading enterprises is relatively low, and the route of capacity going abroad is a must.
Exporting production capacity is an important way for Chinese chemical enterprises to promote international development, expand markets, and achieve win-win cooperation, and it is also a necessary path for excellent Chinese chemical enterprises to further grow and strengthen.
[IPO Monthly Report] The Hong Kong IPO market saw a surge in subscription popularity and a significant decrease in the rate of IPOs breaking below the issue price in June. The expectations of the "Big Four" were mixed with both sorrow and joy.
In the first half of 2024, Hong Kong's IPO market continued its recent sluggish trend due to external market factors, global economic uncertainty, and cautious investor sentiment. The "Big Four" lowered their forecast for Hong Kong's annual IPO fundraising at the beginning of the year, but PwC expects Hong Kong's new IPO fundraising to exceed HKD 100 billion this year. PwC stated that the reduction in bearish factors, high demand for funding for business development, and the end of the interest rate hike cycle will bring back funds from Europe, America, and the Middle East to Asia, which is beneficial for market liquidity and valuation improvement. After six months of market baptism, PwC finally gave in and lowered Hong Kong's...
Hong Kong Stock market fluctuation | The new stock Wuhan Organic (02881) had its closing increase narrowed to 25%. The company is the largest manufacturer of benzoic acid and sodium benzoate in China.
According to the Wisdom Finance APP, the new stock Wuhan Organic (02881) was listed today, with an early morning high opening of 79.64%, and the increase narrowed in the afternoon. As of press time, it rose by 27.27%, to HKD 7, with a turnover of HKD 84.1571 million. It is said that Wuhan Organic is a well-known supplier of toluene derivatives for China and global markets, mainly focusing on the production of toluene oxidation and chlorination products, benzoic acid amination products and other fine chemical products through organic synthesis processes. As of the final feasible date, the company's self-produced product portfolio mainly includes five toluene oxidation products, two toluene chlorination products, and two benzoic acid amination products.
New stock first day | Wuhan Organic (02881) launched its first listing and opened at 79.64% in early trading.
Wuhan Organic (02881) made its debut on the stock market. According to the announcement, it was priced at HK$5.5 per share and issued a total of 18.3 million shares. Each lot consists of 500 shares and the net proceeds are approximately HK$25.85 million. As of the time of writing, the stock has risen 79.64%, to HK$9.88, with a turnover of HK$21.1044 million.
WiseStock HK Morning News: Taiwan Semiconductor will raise prices for advanced processes and advanced packaging. BYD Electronic (00285) has the potential to enter the Nvidia industry chain.
According to media reports, Taiwan Semiconductor will increase prices for 3nm and 5nm advanced processes and advanced packaging due to production capacity being unable to meet demand.
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