The newcomer is miserable!In July, Hong Kong stocks were "breaking the wave", and Tianqi Lithium fell 11% on the first day

Zhongxin Jingwei, July 13th. On the 13th, the opening of the HSI rose 0.32%. On the first day of the listing of Tianqi Lithium Hong Kong stocks, 9.15%was reported at HK $ 74.5, falling below the issue price of HK $ 82 per share, regardless of the handling fee for one hand loss. HK $ 1500.

Wind screenshot

The largest IPO of Hong Kong stocks during the year

Tianqi Lithium is officially launched in the Hong Kong Stock Exchange today. The final price issued by the issuance is HK $ 82 per share, and it is planned to raise HK $ 13.4 billion, becoming the largest IPO of the Hong Kong Stock Exchange during the year.

On the eve of listing, from the perspective of Futu's dark disk, it was revealed that the market's lithium industry was not very optimistic. It once fell nearly 10%and fell below the issuance price. As of the closing of the secret market on the 12th, Tianqi Lithium fell down. 6.83%, reported at HK $ 76.4/share.

According to the prospectus, Tianqi Lithium Industry fundraising will be used to repay SQM debt to US $ 1.13 billion in balances to pay for the first phase of the establishment of the residence factory, repay several domestic domestic bank loans, and use it for operating funds and general companies. Among them, the proportion of repayment of SQM debts exceeded 60 %.

Lin Showan, deputy secretary -general of the China Communications Industry Association Intelligent Networking Professional Committee, told the media that the listed on the listing of Tianqi Lithium will raise more funds, which will help future further expansion and solve the company's previously left by the company's acquisition of Chilean SQM companies' equity. At the same time, the company will also add a financing channel, which will help avoid the financial difficulties that have been encountered before.

It is worth mentioning that the issue price determined by Tianqi Lithium Hong Kong stocks was 82 Hong Kong dollars/share, and the closing price of A shares on July 12 was 127.8 yuan/share, which was about 45%.

Last weekend, Ying Ying, the wife of private equity Xu Xiang, published a comment in the phrase "Tianqi Lithium Davis has reached its peak and the price has been overestimated." The lithium mine sector fell across the board. On the 13th, Tianqi Lithium continued to fall, as of the afternoon, a total of 15.15%.

According to the First Financial Report, Xia Juncheng, executive director and chief executive of Tianqi Lithium, said at the site at the Hong Kong Stock Exchange today that "the stock market is a free financial trading market, not that enterprises (generally speaking) can be controlled. It is normal to rise. I don't think the stock price of A shares and H shares, except the company's fundamentals, what can be worried. For lithium prices, it is about scientific supply and demand relationship. According to the current current, according to the current current Supply and demand relationship, supply and demand cannot keep up with demand in the short term. Therefore, as long as there is a gap between supply and demand relationship, we are very confident in lithium prices. "

For two consecutive days, new shares listed in Hong Kong have been broken.

It is worth mentioning that today (13th) Hong Kong stocks have four new shares listed, all of which have encountered an opening of the market. Among them, the first day of the listing of Mingchuang Youpin fell more than 4%and the issuance price was HK $ 13.8; the first day of the Huzhou gas listing fell 1.64% The issuance price is HK $ 6.08; Noah Holdings has fallen by more than 2%on the first day of listing, and the issuance price is 292 Hong Kong dollars.

On the market, the four new stocks fell across the board, Tianqi Lithium fell to 11%, Noah Holdings fell nearly 7%, Famous Chuangyou fell more than 4%, and Huzhou's gas fell 4%. As of the afternoon, Noah Holdings fell more than 4%, Tianqi Lithium and Huzhou gas fell more than 3%, and the famous products fell more than 2%.

This week, no new Hong Kong stocks were listed on Monday, and Zhongkang Holdings and Reading Lang, which were listed on Tuesday, also broke the market, with a decline of 11.57%and 28.95%, respectively. At this point, all the six new Hong Kong stocks listed in the first three days of this week have opened. In the first week of July, the break rate of six new shares was 50%.

KPMA predicts that about 80 new shares will be listed in the Hong Kong stock market this year, and the amount of fundraising may reach HK $ 200 billion.

Wind data shows that since July, the Hong Kong Hang Seng Index has fallen down, as of the afternoon of the 13th, a decline of 4.05%.

Regarding the market outlook, Zhang Yidong, the global chief strategist of Xingye Securities, said that in mid -March was the judgment of the Hong Kong stock market in mid -March and predicting the turmoil of overseas markets in the second quarter.

Zhang Yidong pointed out that the recovery of Hong Kong stocks is difficult to achieve overnight. Compared with 2020, Omiqon, which is more spread, is more difficult to coordinate economic development and prevention and control of the epidemic. He also mentioned that the current valuation of Hong Kong stocks has been transferred to a relatively low historical position. In the second half of the year, Hong Kong stocks have a high probability of improvement under the trend of recovery after the income end. Welcome to the low position.

The Shanghai Securities News quoted a Hong Kong brokerage analyst analyst analysis that during the public offering stage in early July, many IPOs appeared more than 10 times over subscriptions, indicating that the new stock market recovered. However, the purchase multiple does not guide the stock price performance after listing, especially the medical care industry and the information technology industry. The industry's financing environment is still unclear, and investors need to bear a certain risk.

It is worth mentioning that three Hong Kong stocks will be listed on Friday, namely Bowei Wisdom, Minimally Invasive Brain Science, and Germany.

According to media statistics, the minimally invasive brain science with a financing subscription multiple of more than 10 times, the financing subscription is 24.96 times, and the final subscription multiple may be 52.49 times. The financing quota of DeBay World is only about 30%, and it is expected that it is expected to be less than enough.

Zhao Hongmei, director of the Ministry of International Research of China Thailand, analyzes the minimally invasive brain science. As the leader of the brain neurological device track, the company is expected to gain rapid growth in the context of rapid growth in the industry.However, from the valuation, the three mainland companies in the track of neuroshisa, Xinwei Medical, Peijia Medical, and Guchuang Tongqiao. In 2021, the market sales rate was about 24.7 times, and the minimally invasive brain science was about 37.5 times.Medium is expensive.(The views in the article are for reference only, do not constitute investment suggestions, have risks in investment, and need to be cautious to enter the market.)

Copyright Copyright Copyright, without written authorization, no unit or individual may reprint, extract or use it in other ways.

Pay attention to the official WeChat public account of JWVIEW (JWVIEW) to get more elite financial information.

- END -