Core Viewpoint - The newly listed consumer company IFBH has seen a significant increase of over 60% in its dark trading, making it the biggest winner among three new stocks in the Hong Kong market [1][3][17]. Group 1: Company Performance - IFBH, a Thailand-based ready-to-drink beverage and ready-to-eat food company, has established itself as a leader in the coconut water market in mainland China, holding a market share of approximately 34% in 2024, surpassing its closest competitor by more than seven times [13][15]. - The company has also maintained its position as the top player in the coconut water market in Hong Kong, with a market share of about 60% in 2024 [15]. - IFBH is recognized as the second-largest coconut water beverage company globally [15]. - The company's gross profit margin increased from 34.7% in 2023 to 36.7% in 2024, while its net profit margin rose from 19.2% to 21.1% during the same period [16][17]. Group 2: Market Context - The Hong Kong stock market has experienced a bull market for consumer stocks, with significant price increases for various food and beverage companies, such as a 158% rise for Gu Ming and a 96% increase for Andeli Juice [19]. - The dark trading performance of the other two new stocks, Taide Pharmaceutical and Cloud Wisdom, was relatively modest, with Taide Pharmaceutical rising by 1.80% and Cloud Wisdom declining by 2.88% [1][20]. Group 3: Investment Interest - IFBH attracted substantial interest from cornerstone investors, including UBS Group, Southern Fund, and Harvest Oriental SP, among others, indicating strong institutional backing [17][18].
消费新股IFBH暗盘大涨超60%