Weekly IPO Market Review and Outlook: HK IPO Leads
1.Hong Kong $HSI(HSI)$$HSTECH(HSTECH)$ IPOS1.1 Last week’s Listings and First-Day Performance (3 companies)$NEWTREND GROUP(02573)$ A producer of food-grade sucralose and glycine additives. First-day performance: +21%.$RONGTA TECH(09881)$ : A provider of AIDC devices and solutions. First-day performance: +42%.$METALIGHT(02605)$ : A leading public transportation information service provider. First-day performance: -30%.1.2 HK IPOs in Progress (4 companies)$HAITIAN FLAV(03288)$ (referred to as "the 'Soy Sauce King'"): A leading compa
Frequent occurrence of tactical clawback, has Hong Kong IPO subscription entered a small/mid-cap?
Hong Kong stocks to fight the new, "set back" is often one of the core of the game between institutions and retail investors, underwriters through the artificial manipulation of the allocation ratio of new shares to achieve the concentration of chips and short-term arbitrage.Today's listing of $RONGTA TECH(09881)$ and $NEWTREND GROUP(02573)$ are typical of the set back.Definition and core logic of set backSet-back refers to the mechanism whereby the issuer (listed company, sponsor) takes advantage of the special provisions in the Hong Kong IPO rules to artificially depress the allocation ratio of retail investors and retain more shares in the hands of institutions, thus creating a concentration of chips
Newtrend Group Holding Co Ltd is a China-based company mainly engaged in the manufacturing of food-grade and industrial-grade glycine and sucralose. The Company also provides by-products produced during production process, such as sulfite and ammonium chloride, and other products, such as mogroside, carrageenan and agar powder. The Company’s customers mainly include manufacturers in the industries of food and beverages, pet food, daily consumer goods, confectionery and snacks, nutritional supplements and chemical products. The Company’s products are sold to customers in domestic and overseas markets, mainly Europe, North America and Asia.
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Interim Report
ANNOUNCEMENT OF INTERIM RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026