Jingfang Pharmaceutical-B once had the potential for over 200% gains, Chery Automobile does not conflict with Zijin Gold International and Xipuni, all in!

1. First, let's talk about GenFleet Pharmaceuticals-B

GenFleet Pharmaceuticals' two grey market closing prices rose 102%-110%

Today, on its first day, GenFleet Pharmaceuticals surged up to 142%. Although it fell back slightly at the close, it still doubled

GenFleet was a stock with first-hand internal information from Brother Cai's team.

The situation during the private discussion was: The pharmaceutical cornerstone is very strong. In addition to cornerstone investors, the domestic placement will also continue to take shares, and it is the one with the most domestic placement among all cornerstones

After the placement results came out last night, the situation was confirmed

This pharmaceutical cornerstone is the same as the cornerstone LAKE of InnoCare and WuXi Biologics. This time, it took the largest share of domestic placement. At the same time, GenFleet's domestic placement was very high, up to 39 times, and institutions highly recognized it

Another piece of news is: GenFleet has a mid-term goal to be included in the Stock Connect. There will be a round of speculation on the grey market and the first day of listing (according to our understanding, it starts at 200%). However, after the Yijian Health incident, funds became cautious, and the 200% increase has to be discounted

Therefore, today's highest increase of 142% can be considered as the funds doing their best

This kind of first-hand internal information cannot be disclosed in advance on public accounts. We only dare to post it in advance on the IPO Planet, as shown below:

In the future, if GenFleet experiences a sharp decline, there will be an opportunity to buy at a low price:

Brother Cai said on the Planet: GenFleet Pharmaceuticals will definitely be included in the Stock Connect next year, which means a guaranteed increase of at least 36%. Therefore, if GenFleet falls below 36% in the future, there will be an arbitrage opportunity, and this arbitrage is shared selflessly

2. Chery Automobile has been urged for a long time, let's talk about it today

First, the funds for Chery's IPO do not conflict with today's new listings, Zijin Gold International and Xipuni (they will conflict if financed by small brokers). Therefore, those who are optimistic about Chery can go for it

Brother Cai's own subscription strategy is naturally to go all in. The logic is as follows:

①Mechanism B has never broken the issue price, so you can go for it with confidence

②Chery Automobile presents Brother Cai's favorite IPO characteristics: high growth + low valuation

Past performance has been highly impressive:

Revenue: Revenue increased from RMB 92.618 billion in 2022 to RMB 269.897 billion in 2024, with a compound annual growth rate of 70.7%

Net profit: Increased from RMB 5.806 billion in 2022 to RMB 14.334 billion in 2024, with a compound annual growth rate of 57.1%. Net profit in 2024 increased by 37.2% year-on-year

At the same time, the valuation is relatively low compared to peers: static PE is only 9.85 times, lower than competitors such as Great Wall Motor and Geely

③Luxury + high share

Chery Automobile's IPO has introduced 13 well-known cornerstone investors, including:

JSC International Investment Fund SPC, Hillhouse, Jinglin, etc.

These cornerstone investors collectively subscribed to approximately USD 587 million (about HKD 4.572 billion), accounting for about half of the total fundraising (calculated at the median)

The lineup of cornerstone investors includes well-known investment institutions (Hillhouse, Jinglin), state-owned enterprises (Dajia Life), and upstream and downstream industrial chain companies (Guoxuan Hong Kong), reflecting the recognition of professional investors and providing strong price support for the issuance

The 50% cornerstone subscription ratio has reached the upper limit. In addition, institutional placement accounts for 40%, and public placement retail investors account for 10%. The issuance structure is reasonable, which helps all parties to work together to push the stock price up

④No. 1 in overseas automobile market share

It has been the No. 1 Chinese brand in exports for 22 consecutive years. Overseas sales in 2024 were 937,000 units, a year-on-year increase of 37.4%

The proportion of overseas revenue is high (39.7% in 2024), which can effectively avoid domestic price wars and enjoy the growth dividends of emerging market automobile consumption

In summary, just go all in. There is no risk in IPO subscription. However, for buying at low prices, Chery Automobile needs to be careful. We will discuss the precautions for buying at low prices in the IPO Private Planet

3. Today's new listings: Zijin Gold International and Xipuni

The funds for these two new listings conflict with each other. Both are all-in level, so we need to allocate funds reasonably between the two

Zijin Gold is easier to get, while Xipuni is very difficult. We will decide how to allocate funds to subscribe to these two companies, as there are still several days left

Now, public placement is extremely competitive. Xipuni is expected to be a full public lottery again. Although Zijin Gold International is easier to get than Xipuni, the public placement success rate is also low, as it is Mechanism B

To get more shares, you can only go through the institutional placement channel. Of course, it is not the kind of institutional placement after PI certification on the APP, as the allocation rate for that kind of institutional placement is also very low

Brother Cai's channel has some institutional placement channels for Zijin Gold this time, and the allocation rate is very good this time. However, the quota and time are very tight, and it is only provided to partners on the IPO Planet