$AUNTEA JENNY(02589.HK) The coquettish Shanghai lady, with only 2% of the total shares actually circulating in the next six months, could enter the Hong Kong Stock Connect if the price is hyped up, and the equity structure is highly concentrated. Additionally, with an over-allotment of about 2%, there are roughly 500,000 shares from the international placement to be sold at the opening. At HKD 183 per share, that's only about HKD 90 million in selling pressure. If you want to buy, the early session is probably your last chance.
The recent fundamentals are hard to describe. With such a small float at this time, what do you think the major shareholders will do?
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