$Shougang Lanza(02553.HK) has barely moved, and $TOPNC(07688.HK) has dipped slightly. These two Hong Kong-listed secondary new manufacturing stocks enter a no-man's-land after the IPO hype fades—there's no analyst coverage, no liquidity, and the daily trading volume is pitifully thin.
This is the harsh reality of small-cap Hong Kong stocks: once the story is over, no one takes over. Even with normal fundamentals, the price can only drift lower in obscurity. If you really want to find gems in these stocks, you're waiting for the moment they're irrationally oversold—is it that irrational now? I don't think so yet; the liquidity discount hasn't reached an extreme. Let's just watch for now 🙄
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