--- title: "New stocks are very busy with limited supply and extremely difficult to obtain. Dubbed the \"Honey Snow\" of the snack industry, experts say you can earn 20,000 at any time with a single hand" type: "News" locale: "en" url: "https://longbridge.com/en/news/273138491.md" description: "Mainland snack company Mingming is very busy (1768) is offering shares from the 20th to the 23rd, with an offering price of HKD 229.6 to HKD 236.6, and is expected to be listed on January 28. Experts predict a first-day increase of 50% to 100%, with a potential profit of HKD 12,000 to HKD 23,000 per lot. Mingming's cornerstone investors include Tencent, Temasek, and others, with a subscription amount reaching USD 195 million. The company's revenue last year was approximately HKD 46.371 billion, with a profit of HKD 1.559 billion, representing growth of 75% and 2.2 times, respectively. Due to tight supply, institutional investors are mainly allocated shares, making it worthwhile for retail investors to subscribe" datetime: "2026-01-20T22:05:42.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273138491.md) - [en](https://longbridge.com/en/news/273138491.md) - [zh-HK](https://longbridge.com/zh-HK/news/273138491.md) --- # New stocks are very busy with limited supply and extremely difficult to obtain. Dubbed the "Honey Snow" of the snack industry, experts say you can earn 20,000 at any time with a single hand Mainland snack company "Busy Snacks" and its parent company Ming Ming Hen Mang (1768) will begin its IPO from Tuesday (20th) to Friday (23rd), with an offering price of HKD 229.6 to HKD 236.6 per share, requiring a minimum investment of HKD 23,898.62 for 100 shares. The official listing is expected on January 28. Experts indicate that with a strong lineup of cornerstone investors and solid fundamentals, along with the recent good performance of new stocks, it is believed that the stock could rise by 50% to 100% on its first day of trading, meaning a potential profit of at least nearly HKD 12,000 per lot. ## Star-studded Lineup of Cornerstone Investors The cornerstone investors for Ming Ming Hen Mang are indeed "star-studded," with Tencent (700), Temasek, BlackRock, Fidelity, Bosera International, E Fund, Springs Capital (Hong Kong), and Taikang Life collectively investing USD 195 million. In terms of financial performance, the company reported approximately HKD 46.371 billion in revenue over the last nine months, a year-on-year increase of 75%; during this period, profits reached HKD 1.559 billion, nearly tripling year-on-year. Related article: Mainland snack company Ming Ming Hen Mang's IPO, with a high entry fee of nearly HKD 24,000, introduces cornerstone investors like Tencent and has over 19,000 stores. Hong Kong High Securities investment manager Liang Jiewen candidly stated that the cornerstone lineup of Ming Ming Hen Mang is impressive, and with a solid bottom line, many recent semi-new stocks have also reached new highs. He believes that retail investors should consider subscribing, expecting a rise of over 50% or even 100% on the first day of trading. Based on the entry fee of HKD 23,898.62, this translates to a potential profit of at least HKD 12,000 to over HKD 23,000 per lot. ## Extremely Limited Supply, Only Over 7,000 Lots Available Liang Jiewen mentioned that since the new stock reform last year, the lack of a reallocation has led to "extremely limited supply," primarily favoring institutional investors. Therefore, many new stocks with "quality" and substantial business often see increases of 50% to 100%. He cited the example of the semi-new stock MINIMAX (100), which surged 109% on its first day of trading, suggesting that "Ming Ming Hen Mang" could see similar gains. Popular article: "Money Mama" applies for a Hong Kong listing; the founder is not actually surnamed Qian, starting from a pork stall in Dongguan to create a retail empire worth HKD 13 billion. There are claims that Ming Ming Hen Mang is the "Honey Snow" of the snack industry, as its business model of selling products and franchise service fees to franchisees is similar to that of Honey Snow. Looking back at Honey Snow (2097), as well as recent retail stocks like Mao Ge Ping (1318) and Lao Pu Huang Jin (6181) that have listed on the Hong Kong stock market, all have seen increases of over 200% after their IPOs. When asked if Ming Ming Hen Mang could replicate this "myth" and be worth holding for the long term to wait for significant gains, Liang Jiewen joked, "For retail investors, the biggest headache is not getting allocated; it might be 1 in 50!" In fact, due to the high entry fee, it is estimated that there are only over 7,000 lots available for public offering, making it extremely difficult for retail investors to get allocated. ## If It Doubles on the First Day, Worth Taking Profits Early As for those who do get allocated, Liang Jiewen said that if the stock doubles on the first day, it would be worth taking profits early; however, if the increase is "not as expected," only around 50%, he also believes that given time, it could still reach a doubling effect within the next three months, due to its unique business characteristics, with revenue and profits still on an upward trend, and the potential to enter various indices Issuing derivative instruments and incorporating them into "Hong Kong Stock Connect" and other subsequent expectations. If retail investors do not get allocated shares and the stock only rises by 50% on the first day, Liang Jiewen does not oppose retail investors buying in, but reminds that even with a 50% increase, the valuation is not considered cheap, so it is advisable to adopt a short-term trading mindset and enter with speculative, small amounts. On the other hand, Tan Longwei, co-director of Fu Chang Securities, advises retail investors to be cautious, stating that the domestic demand sector does not have any particular "upside," and given that the recent market conditions are not as prosperous as before, along with Ming Ming being very busy and not in the technology or biotechnology sectors, "it’s not particularly small, and I don't expect any explosive growth, so it's best not to subscribe." 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