Group 1 - The stock of Golden Leaf International Group (08549) experienced a significant drop of 20% after its initial public offering (IPO) on October 10, where it surged by 330% on the first day, but has since declined for three consecutive days, reaching a new low of HKD 0.93, which is less than 90% higher than the IPO price of HKD 0.5 [1][1][1] - As of the latest update, the stock is down 22.5%, trading at HKD 0.93 with a trading volume of HKD 12.32 million [1][1][1] Group 2 - Golden Leaf International is an established contractor engaged in electromechanical engineering, focusing on the supply, installation, and maintenance of HVAC, electrical, and water supply systems, primarily undertaking private projects as the main contractor [1][1][1] - Financial projections indicate that revenue is expected to increase from approximately HKD 123 million in the fiscal year 2023/24 to about HKD 155 million in 2024/25, representing a significant increase of approximately HKD 32 million or 25.6% [1][1][1] - The annual profit is projected to rise from approximately HKD 10.4 million in 2023/24 to about HKD 14.1 million in 2024/25, reflecting an increase of approximately HKD 3.7 million or 35.6% [1][1][1] - However, the company anticipates a substantial decrease in net profit for the fiscal year 2025/26 compared to 2024/25, primarily due to increased listing expenses [1][1][1] Group 3 - Notably, Wind data indicates that Golden Leaf International is the only new stock this year with an oversubscription rate exceeding 10,000 times [1][1][1] - The total amount raised in this IPO was only HKD 50 million, and after deducting listing expenses of HKD 18.7 million, the net amount raised was merely HKD 31.3 million [1][1][1]
港股异动 | 金叶国际集团(08549)跌超20% 股价现三连跌 较招股价高不足90%