Core Viewpoint - Tian Gong Co., Ltd. has listed today with an issue price of 3.94 CNY per share, corresponding to a TTM price-to-earnings ratio of 14.99 times, indicating a potential undervaluation compared to peers in the titanium alloy industry [1] Group 1: Company Overview - The company is a producer of titanium alloy materials, primarily used in the consumer electronics sector [1] - The expected total market capitalization after listing is 2.548 billion CNY, with a circulating market value of 282 million CNY [1] Group 2: Market Valuation - The company's 15 times issuance valuation is significantly lower than that of peers such as BaoTi Co., Ltd. (26 times) and Western Superconducting Technologies (38 times) [1] - Based on industry pricing, a price-to-earnings ratio of 30-40 times suggests a potential stock price range of 8-12 CNY [1] Group 3: Market Sentiment and Trading Strategy - From a trading perspective, it is advisable to take profits on the first day of trading, with specific price levels dependent on market sentiment [1] - The company's titanium materials are linked to themes in consumer electronics, Apple concepts, and 3D printing, which may drive market interest [1] - Historical patterns indicate that the spring and autumn product launch windows in May and September could enhance stock activity, as discussions around new product technologies and materials typically arise about a month after these events [1]
天工股份今日上市,超低价的消费电子钛件厂商
北证三板研习社·2025-05-12 12:10