SF, with the aura of “the first share of third-party real-time distribution”, broke on the first day of its listing in the same city, and investors lost HK $304.
In fact, it is not uncommon for Hong Kong stocks to make new losses. Data show that since this year, Hong Kong stocks have ushered in a total of 90 new share listings. On the first day of listing, 40 have achieved profits and 40 have achieved losses, accounting for 44.44% respectively, with half of the overall profits and losses. However, since August 12, 2021, of the 24 new shares listed in the form of public offering, 17 have been broken on the first day of listing, accounting for 70%.
“the first share of third-party real-time distribution” broke
On December 14, SF was officially listed on the Hong Kong Stock Exchange in the same city, with an issue price of HK $16.42, but it broke on the first day of trading. As of the close, SF reported HK $14.9 per share, down 9.26%, with a total market value of HK $13.91 billion.
In fact, the market has expected the first day’s decline of SF in the same city. The performance of the stock in the dark trading stage on the eve of its listing was poor, once falling more than 10%.
According to the prospectus, SF city was originally a business unit of S.F.Holding Co.Ltd(002352) group, which was responsible for real-time distribution services in the same city. Since 2019, it has realized independent and corporate operation. At present, it has become the largest third-party real-time distribution service platform in China. As of March 31, 2021, SF’s local market share was 11.1% by order volume.
SF’s listing in the same city means the birth of the first share of real-time distribution by a third party, which is also the fourth listed company harvested by Wang Wei, the founder and chairman of S.F.Holding Co.Ltd(002352) after S.F.Holding Co.Ltd(002352) , SF real estate trust and Kerry Logistics.
According to the prospectus, as of May 2021, SF’s local business covered more than 1000 cities and counties across the country, with more than 2000 business brands, more than 530000 registered businesses and 126 million registered consumers. The order volume in 2018, 2019 and 2020 was 79.8 million, 210 million and 760 million respectively, with a compound annual growth rate of 208.7%.
In terms of financial data, from 2018 to 2020, SF achieved operating revenue of RMB 993 million, RMB 2.107 billion and RMB 4.843 billion respectively, net losses of RMB 328 million, RMB 470 million and RMB 758 million respectively, and accumulated losses of more than RMB 1.5 billion in three years. In the first five months of 2021, SF achieved an operating revenue of RMB 3.046 billion, a year-on-year increase of about 113%, and a net loss of RMB 353 million.
is it common to break the issuance of new shares in Hong Kong stocks?
the breaking rate has exceeded 70% since August
In the past two years, concept stocks have set off an upsurge of listing back in Hong Kong. Many investors are aiming at the new targets of these star stocks, but it is not uncommon for Hong Kong stocks to break on the first day of listing.
The data show that as of December 14, a total of 90 new shares have been welcomed in Hong Kong stocks this year. On the first day of listing, 40 have achieved profits on the book, 40 have achieved losses on the book, accounting for 44.44% respectively, and 10 have no profit or loss, accounting for 11.11%. From the perspective of profit and loss, Hong Kong stocks hit new income. On the whole, the profit and loss are half and half.
According to the data, according to the calculation of the closing rise and fall on the first day of listing, the highest profit is era angel, with a profit of HK $45600 per hand, followed by nuohui health, with a profit of HK $28670 per hand and uju holding with a profit of HK $22706 per hand. The largest loss on the first day of listing was xianruida medical, with a loss of HK $6200 per hand, followed by Zhixin Group Holdings, with a loss of HK $3520 per hand and Beihai Kangcheng, with a loss of HK $3280 per hand.
The following is a list of the top ten stocks that made profits on the first day of new listing of Hong Kong stocks:
The following is a list of the top ten stocks with losses on the first day of new listing of Hong Kong stocks:
According to the statistics of the securities times, the breaking of new shares in Hong Kong stocks has become the norm. Especially since August this year, Hong Kong stocks have not made money, and the loss effect is obvious. Since August 12, 2021, among the 24 new shares listed in the form of public offering, 17 broke on the first day of listing, accounting for 70.83%. In early December, Netease’s cloud music and Sina’s microblog, once one of China’s four major portals, could not escape the “Curse”.
(Securities Times)
