3 New stocks surged after their debut and then fell back. BBSB hopes to enhance its market position. GIGADEVICE actively embraces AI

Today, three new stocks listed all surged before retreating. The "super subscription king" runner-up BBSB (8610) opened three times higher than the listing price of HKD 0.6, reporting HKD 3, and peaked at HKD 3.11, currently reporting HKD 1.35, up nearly 1.3 times, with a paper profit of HKD 3,000 for a board lot of 4,000 shares. The company's chairman, Chen Zhenyuan, stated that this listing marks a new chapter for the company, which will enhance its market leadership through the Hong Kong listing platform and continue to contribute to Malaysia's infrastructure development. The GEM stock BBSB's public offering in Hong Kong was oversubscribed 10,744.1 times, second only to last year's GEM stock Jinye International (8549), which was oversubscribed 11,463.7 times. BBSB received 5,417 applications worth over HKD 8.838 million for "top hammer flying (subscription of 3,125 lots)," of which 28.7% or 1,557 applications were for one lot, while the international placement was slightly oversubscribed by 0.01 times. Hongxing Cold Chain (1641), which provides frozen food storage services, and GIGADEVICE (3986) also listed today. Hongxing Cold Chain opened 59.7% higher than the listing price of HKD 19.58, reporting HKD 19.58, peaked at HKD 19.7, and is currently reporting HKD 12.7, up 3.6%, with a paper profit of HKD 220 for a board lot of 500 shares. Its public offering in Hong Kong was oversubscribed 2,308.3 times, with 1,628 applications for "top hammer flying (subscription of 2,326 lots)," of which 52.2% or 850 applications were for one lot, and the international placement was oversubscribed by 0.7 times. Hongxing Cold Chain: The Next Step is Internationalization Hongxing Cold Chain's chairman, Luo Yue, stated that after landing on the Hong Kong stock market, the company will adopt a global perspective to layout its future; using technology to drive industry transformation. When asked if he was satisfied with this listing, he said "very good," and that the company's next step is to pursue internationalization, using capital means to further grow and strengthen the company, becoming an industry benchmark and a regional leader. He revealed that in terms of international layout, the company is currently preparing to start with supply chain and trade aspects, and is conducting preliminary market research in Southeast Asia and Europe. GIGADEVICE: Moving Towards Industry Leader in China GIGADEVICE opened 45.1% higher than the listing price of HKD 162, with the increase expanding to 53.6%, peaking at HKD 248.8, currently reporting HKD 224.2, up 38.4%, with a paper profit of HKD 6,220 for a board lot of 100 shares. Its public offering was oversubscribed 541.2 times, with a draw of 600 lots only securing one lot, and "top hammer flying (subscription of 14,458 lots)" allocated 6 lots, while the international placement was oversubscribed 17.5 times. The company's chairman, Zhu Yiming, stated that in 2016, it was the first chip design company to list on the Shanghai Stock Exchange's main board, and now listing on the Hong Kong Stock Exchange marks the company's transition from a startup to a leading industry player in China. In the era of AI, the company will continue to support AI innovation and actively embrace AI to expand its product categories in the future