Core Viewpoint - The stock of Da Hang Ke Gong (02543) rebounded over 10%, reaching a high of HKD 50.8, recovering from its previous drop below the IPO price of HKD 49.5, indicating positive market sentiment and investor confidence [1] Group 1: Stock Performance - As of the report, the stock increased by 8.75%, trading at HKD 50.2 with a transaction volume of HKD 11.23 million [1] - The stock's rebound follows the partial exercise of the over-allotment option by the sole global coordinator on October 4, involving a total of 1,121,000 shares, approximately 14.15% of the total offering [1] Group 2: Financial Insights - The additional net proceeds from the share issuance amounted to HKD 52.8 million [1] - The stabilization period for the global offering ended on October 4 [1] Group 3: Company Overview - Da Hang Ke Gong specializes in the research, production, and sales of folding bicycles and related accessories, with bicycle revenue dominating at 98.1% of total income [1] - The company maintains a stable gross margin of over 30% [1] Group 4: Market Position and Analyst Rating - According to Cathay Haitong's research report, Da Hang Ke Gong operates in a high-growth segment of the folding bicycle market, which is considered a prominent growth area within the two-wheeled transportation sector [1] - The company is recognized for its comprehensive product matrix and channel expansion, leading to an "Accumulate" rating with a target price of HKD 76.57 [1]
大行科工反弹逾10%收复招股价 公司有望受益于折叠自行车市场的高景气度