Core Viewpoint - Meilian Holdings (02671) experienced a significant drop of over 18% on its second day of trading, falling to 6.19 HKD, below its IPO price of 7.1 HKD [1] Company Overview - Meilian Holdings is a comprehensive provider of prefabricated steel structure construction subcontracting services, established in 1999 [1] - The company primarily serves industries such as automotive, machinery, catering, and textiles, offering services that include project design and optimization, procurement, manufacturing, and installation [1] - Main business segments include prefabricated steel structure construction subcontracting services, professional engineering general contracting, and industrial environmental protection equipment [1] Market Position - According to a Frost & Sullivan report, Meilian Holdings ranks third in the industrial sector of China's prefabricated steel structure construction market, with a market share of 3.5% based on projected 2024 revenue [1] Future Outlook - Guoyuan International previously commented that the prefabricated construction market is expected to expand further with the implementation of national policies and regional government plans promoting the adoption of prefabricated buildings [1] - However, the company has experienced significant fluctuations in performance in recent years, and its IPO price range corresponds to a 2024 PE ratio of approximately 10.4-13.4 times, indicating a potentially high valuation [1]
港股异动 | 美联股份(02671)大跌超18% 上市第二日跌破发行价 总市值不足8亿港元