LUXSHARE ICT

While writing this, Huajian Future (06132) had been stuck around HKD 35 for three weeks, having fallen nearly 57% from its issue price of HKD 81.8. The people who posted about "winning a top-tier allocation" in my friend circle that day haven't made a sound since. I was one of them. Looking back, this stock kept handing me "safe signals" from start to finish, and I only blame myself for accepting them all. The IPO was on June 19th, oversubscribed 2006 times. I actively went for the top-tier allocation for Huajian Future, I wasn't pushed by the broker. The reason seems pretty stupid now—back then in June, there was a pile of new listings, and the wave of Luxshare, Puyuan, and Dingtai High-Tech had just finished...

The U.S. military has conducted another airstrike on Iran, with Donald Trump stating that the temporary ceasefire has ended and threatening to blockade Iranian ports. The meeting minutes revealed heightened inflation concerns at the Federal Reserve, with a few officials seeing reasons for a rate hike in June. The People's Bank of China's quarterly statement for the first time mentioned the challenge of "structural divergence." China is expected to announce a slowdown in CPI on Thursday. Overnight Highlights – Intertwined effects from the breakdown of the U.S.-Iran agreement and stimulus from Apple's massive order led to intense capital gamesmanship, resulting in the S&P closing lower while the Nasdaq bucked the trend to finish in the green. Inflation worries triggered by the agreement's breakdown prompted increased selling pressure from allocation funds, driving U.S. Treasury yields higher across the board, with the long end touching a seven-week intraday high...

There were six new stocks today, and as of now, five have broken their issue price. As of writing, the price movements are as follows. Our initial strategy was to apply for Qiyunshan, but these AH (A-share/H-share) stocks are all quite mediocre, and Luoshi is even worse than Yuejiang. However, as mentioned above, we can watch the AH stocks for another day and adjust the strategy based on the situation. This adjustment caused trouble. After calculating, although Sanhuan fell, there was still room, so I later added Sanhuan as well. The result was that there was a 10-15% potential at the time, but it couldn't withstand another 8% drop after the market closed. The funniest part is that I didn't get any allocation for Qiyunshan's top-tier, but I applied with cash for ten lots of Sanhuan and was only allocated one lot...

First, let's review yesterday's grey market performance of the first six new stocks, which was particularly thrilling with its ups and downs: Dongfang Kemo once surged to HKD 148, with an intraday increase of up to 88%, but it plunged directly in the final session, closing up only 3.45%; Basic Semiconductor rose 17.33%, previously ignoring it was truly a slap in the face, at least we can make a little money; Yikong Zhijia opened directly 19% lower, then strongly pulled up, closing up 8.96% instead; Ruwei Technology fell sharply by 11.73%, directly breaking the issue price; Baogai New Materials surged up to 79% at its intraday peak...

On July 7, Converge Technology Solutions Group issued a positive profit alert, forecasting that the group's net profit for the six months ending June 30, 2026, will increase by approximately 150% to 170% year-on-year. The company attributed this to increased revenue from the data center and server businesses within the Wire & Cable Components division, as well as improved performance from associated companies. However, the company also cautioned that the figures are based on unaudited management accounts and may be subject to adjustments. The final data will be disclosed in the 2026 interim results report, which is expected to be released before the end of August...