net_left Phương Thức Thanh Toán

Dire performance of new Hong Kong listings clouds prospects for IPO pickup

05 Tháng Tám 2022
Dire performance of new Hong Kong listings clouds prospects for IPO pickup © Reuters. FILE PHOTO: People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik

By Scott Murdoch

HONG KONG (Reuters) - The majority of stocks listed in Hong Kong since the start of last year are trading well below their initial selling prices, data showed, leaving investors out of pocket and dimming prospects for a pick up in share sales for rest of 2022.

Of 132 initial public offerings (IPOs) and secondary listings on the city's stock exchange since the start of 2021 - collectively raising $47.6 billion - 111 are currently trading in the red, showed data from analytics firm Dealogic.

Markets have been ravaged over the past two years by a storm of volatility, with economic disruption from the COVID-19 pandemic, war in Ukraine, inflation and interest rate hikes in major economies, as well as a wave of Chinese regulation.

"All new deals aren't the same, some look okay, but many IPOs being offered currently, in many of the cases just don't have the same appeal as quality companies currently listed with a long earnings history trading well below intrinsic value," said Sam Lecornu, co-founder of fund manager Stonehorn Global.

"Why buy an IPO when a better company is already listed at better price, I think this is what the market is telling you."

New IPO volume has plunged 90% so far this year in Hong Kong. The city's benchmark Hang Seng Index is down 14%, led by a drop of 22.7% in the tech sector and 15% in property.

Property developer Sanxun Holdings Group Ltd is the worst-performing new listing over the past 19 months, with its stock down 93% since its IPO in July last year.

Healthcare firm Broncus Holding Corp is off 86% and Suzhou Basecare Medical Corp Ltd has lost 85.1% since listing in February 2021.

The biggest deal this year is likely to be that of Shanghai-listed China Tourism Duty Free Corp Ltd. The firm has filed for a Hong Kong secondary listing that could raise $2 billion to $3 billion in the third quarter, sources have told Reuters. China Tourism did not respond to a request for comment.

So far, the biggest deal was that of Chinese commerce platform Huitongda Network Co Ltd which raised just $297 million in February.

"The small number of deals and the lack of large-scale, eye-catching IPOs has caused investors to pay less attention to the IPO market, reducing their enthusiasm for investing in them," said securities strategist Kenny Ng at Everbright International.

Dealmakers are hoping for a pick-up in listings to mitigate what is otherwise set to be Hong Kong's slowest year since 2009.

"I think into November and even into next year we could start to see some increase in IPO activity," said Arthur Tso, a partner at DLA Piper.

"There seems to be a number of deals which are waiting for the window to open as to when they could tap the markets but it feels like the fourth quarter will be the most likely option for that to happen."

Để lại bình luận
Hot Auto Trade Bot Phương Thức Thanh Toán
BROKERS ĐƯỢC CẤP PHÉP
net_home_top Ai VIF
10-08-2022 20:21:44 (UTC+7)

EUR/USD

1.0320

+0.0109 (+1.07%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (1)

Sell (7)

EUR/USD

1.0320

+0.0109 (+1.07%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (1)

Sell (7)

GBP/USD

1.2220

+0.0140 (+1.16%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

USD/JPY

133.07

-2.06 (-1.52%)

Summary

Neutral

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (3)

Sell (3)

AUD/USD

0.7060

+0.0095 (+1.37%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (5)

Sell (3)

USD/CAD

1.2828

-0.0060 (-0.47%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

EUR/JPY

137.33

-0.65 (-0.47%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (10)

EUR/CHF

0.9722

-0.0014 (-0.14%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (0)

Sell (9)

Gold Futures

1,815.40

+3.10 (+0.17%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (1)

Silver Futures

20.655

+0.173 (+0.84%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (0)

Copper Futures

3.6415

+0.0560 (+1.56%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (1)

Sell (9)

Crude Oil WTI Futures

90.05

-0.45 (-0.50%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (1)

Sell (6)

Brent Oil Futures

95.87

-0.44 (-0.46%)

Summary

↑ Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (0)

Sell (9)

Natural Gas Futures

7.805

-0.028 (-0.36%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (1)

US Coffee C Futures

219.63

+6.88 (+3.23%)

Summary

Neutral

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (3)

Sell (3)

Euro Stoxx 50

3,746.95

+31.58 (+0.85%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (5)

Sell (1)

S&P 500

4,122.47

-17.59 (-0.42%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (3)

DAX

13,669.12

+134.15 (+0.99%)

Summary

Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (5)

Sell (1)

FTSE 100

7,511.80

+23.65 (+0.32%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

Hang Seng

19,610.84

-392.60 (-1.96%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

US Small Cap 2000

1,909.01

-32.20 (-1.66%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

IBEX 35

8,351.39

+39.49 (+0.48%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

BASF SE NA O.N.

44.405

+0.410 (+0.93%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

Bayer AG NA

52.08

-0.08 (-0.15%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (6)

Sell (0)

Allianz SE VNA O.N.

179.38

+0.82 (+0.46%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (8)

Sell (1)

Adidas AG

171.32

+2.32 (+1.37%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (6)

Sell (2)

Deutsche Lufthansa AG

6.601

+0.028 (+0.43%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Siemens AG Class N

108.41

+1.89 (+1.77%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (5)

Sell (2)

Deutsche Bank AG

8.748

+0.021 (+0.24%)

Summary

Sell

Moving Avg:

Buy (5)

Sell (7)

Indicators:

Buy (2)

Sell (4)

 EUR/USD1.0320Neutral
 GBP/USD1.2220Neutral
 USD/JPY133.07Neutral
 AUD/USD0.7060↑ Buy
 USD/CAD1.2828Buy
 EUR/JPY137.33↑ Sell
 EUR/CHF0.9722↑ Sell
 Gold1,815.40↑ Buy
 Silver20.655↑ Buy
 Copper3.6415Sell
 Crude Oil WTI90.05Neutral
 Brent Oil95.87↑ Sell
 Natural Gas7.805↑ Buy
 US Coffee C219.63Neutral
 Euro Stoxx 503,746.95↑ Buy
 S&P 5004,122.47↑ Buy
 DAX13,669.12Buy
 FTSE 1007,511.80↑ Buy
 Hang Seng19,610.84↑ Buy
 Small Cap 20001,909.01↑ Buy
 IBEX 358,351.39↑ Buy
 BASF44.405↑ Buy
 Bayer52.08↑ Buy
 Allianz179.38↑ Buy
 Adidas171.32↑ Buy
 Lufthansa6.601↑ Buy
 Siemens AG108.41Neutral
 Deutsche Bank AG8.748Sell
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,600/ 6,700
(-20/ -20) # 1,624
SJC HCM6,600/ 6,700
(-20/ -20) # 1,624
SJC Hanoi6,600/ 6,702
(-20/ -20) # 1,626
SJC Danang6,600/ 6,702
(-20/ -20) # 1,626
SJC Nhatrang6,600/ 6,702
(-20/ -20) # 1,626
SJC Cantho6,600/ 6,702
(-20/ -20) # 1,626
Cập nhật 10-08-2022 20:21:46
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,799.63+5.460.30%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V26.28026.800
RON 95-III25.60026.110
E5 RON 92-II24.62025.110
DO 0.05S23.90024.370
DO 0,001S-V25.88026.390
Dầu hỏa 2-K24.53025.020
ↂ Giá dầu thô thế giới
WTI$90.27+1.631.80%
Brent$96.05+1.751.82%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.220,0023.530,00
EUR23.251,8824.554,01
GBP27.508,9128.682,08
JPY168,20178,07
KRW15,4618,84
Cập nhật lúc 18:51:10 10/08/2022
Xem bảng tỷ giá hối đoái
Phương Thức Thanh Toán