Core Viewpoint - King Leaf International Group (08549) experienced a significant decline of 20% after its initial public offering, despite a remarkable 330% surge on its listing day [1] Company Overview - King Leaf International is an established contractor engaged in electromechanical engineering, focusing on the supply, installation, and maintenance of HVAC, electrical, and water supply systems [1] - The company primarily undertakes private projects and acts as the main contractor [1] Financial Performance - Revenue is projected to increase from approximately HKD 123 million in the fiscal year 2023/24 to about HKD 155 million in 2024/25, representing a growth of approximately HKD 32 million or 25.6% [1] - Annual profit is expected to rise from around HKD 10.4 million in 2023/24 to approximately HKD 14.1 million in 2024/25, an increase of about HKD 3.7 million or 35.6% [1] - The company anticipates a significant decrease in net profit for the fiscal year 2025/26 compared to 2024/25, primarily due to increased listing expenses [1] IPO Details - King Leaf International was the only new stock this year to achieve an oversubscription rate exceeding 10,000 times [1] - The total amount raised in the IPO was only HKD 50 million, with a net amount of HKD 31.3 million after deducting listing expenses of HKD 18.7 million [1]
金叶国际集团跌超20% 股价现三连跌 较招股价高不足90%