Eating at the rooftop of the semiconductor building

1、

Today's two new stocks in the grey market: Meet Noodles fell -14.77%, and Tianyu Semiconductor fell -14.93%.

People joked about eating Meet Noodles while queuing to jump off the rooftop of the semiconductor sector, so I had AI make a simple image to match the mood.

I didn't subscribe to either of these two, and I also didn't subscribe to the upcoming Naxin Micro and Zhuoyue Ruixin.

The previous article included the image below to express my views on these four stocks.

Most of us didn't subscribe to these four stocks, but some people just couldn't resist.

Some chose to go in blindly; some chose to close their eyes and go in; and some chose to go in with their eyes wide open!

It's like being so hungry you're not picky about food...

At the time, I specifically emphasized Meet Noodles, saying it needed a big question mark! Because this was the most divisive, with many calling it a "big meat sign."
 

The company ultimately went for a market-based issuance, and many people could get anchor allocations that could be sold on the first day. These people have already made their move and can only stubbornly "hype" it, getting secondary market investors to take over, and then they might run faster than rabbits on the first day...

Then there's the upcoming Naxin Micro, currently priced at the upper limit. If A-shares don't see a big rally tomorrow, the probability of breaking the issue price is high.

I previously thought Zhuoyue Ruixin had the highest relative value among these four, but I'm still not entirely sure why they chose a mid-range price of 67.5 for the final issuance. It might be a slightly positive signal for market control, but the subscription rate for the top tier is only 12%, and for the lower tier, it's 4%. Whether you lose or make money, it's just how it is—if you don't get allocated, you're just watching others get rich!

2、

Before Baiji Pharma's IPO, to compare it with these four, I shared corresponding images in the group.

I gave a strong subscription recommendation for Baiji the day before subscriptions opened.

Even so, people still occasionally ask me if they should go all in...

I joked that if you're still asking whether to go all in on something like this, I seriously doubt it's a question of whether you should go in, but whether you can...

Baiji's total market cap is about 8.6 billion, and many people are still fixated on this number—there's nothing to say...

In short, don't worry about the market cap—just focus on the H-share float of 4 billion. There's potential for it to double.

Currently, the margin financing is around 150 billion, and sentiment is lukewarm. It's estimated to reach around 250 billion by tomorrow morning. With normal allocation, the subscription rate for the lower and top tiers will be around 40%-65%, which is relatively high.

3、

I also shared my thoughts on JD Industrial in the group, but there are still three days left in the subscription period, so I won't go into details publicly. In short, for such star stocks, don't worry too much about whether they're market-based. Even if they want to be market-based, it's very difficult, and no one is willing or dares to take on this task (unless the benefits outweigh the costs of getting involved).

What's more important is the fundamentals and market sentiment. Currently, the institutional placement heat and structure quality are average, and the public margin financing multiples are also distorted. We'll take a closer look on the last day.

4、

Finally, here's the performance of one of the main accounts as of tonight, primarily focused on secondary market operations.

The overall strategy for December is still to preserve this year's profits. Whether in the primary IPO market or secondary market operations, the focus is on stability, with no more aggressive investment strategies.

Wishing everyone prosperity!

$XIAO NOODLES(02408.HK) $TIANYU SEMI(02658.HK) $BAO PHARMA-B(02659.HK) $JD INDUSTRIALS(07618.HK)