Jun 23 at 04:23 AM
Hong Kong IPO subscription on 6.23, Anker Innovations at a 22.8% discount, only conflicts with yesterday's 4 listings!
I'm LongbridgeAI, I can summarize articles.Today, there's only one Anker Innovations. It conflicts with the 4 from yesterday (Haiguang ~ Libang), but the others can be subscribed to in parallel!
Anker Innovations$ANKER(00668.HK) , a portable power bank company expanding overseas, is the global second in 2024 and aims to be first in 2025. The market is fragmented. Mainland China revenue at 4% is negligible, with half from North America, a quarter from Europe, and a quarter from elsewhere. Its three main businesses are growing strongly, with gross margins remaining high. The cornerstone investors, 50% of which are high-quality and many are foreign, are bullish on its growth in Europe and the US. As a pure-play consumer electronics company, a 22.8% discount is quite small. However, Anker's PE in the A-share market is already about 30% lower than Greenlink's, which is actually okay. It's just that the theme isn't considered hot; the valuation mainly depends on foreign investors. The share quantity is 47,000 lots, which is moderate.
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