Volume for morning session is double than yesterday. Feel like outsider funder already in the basket like huaan and hengyuan last few months. Is very interesting now.
...One should note that the share transfer from Bursa Securities to the Hong Kong Stock Exchange is subject to stamp duty and share registration, which could take weeks.
That’s true that you can switch your MY share to HK share. Kenanga warns us because HONG KONG share market quite volatile. BUT if Mediac HK can sustain its share price at $2, Mediac MY worth RM1. Potential upside 100%.
Now, Mediac HK has trading at $2.30, equal to RM1.15. What if Mediac HK can stand at $3.00? It already hit $3.00 three times in recent trading days. Think logically and make your own decision.
Whoever thinks the media industry is dead, think again. Most Kwai Chung, operator of a popular online video and other media, is set to become Hong Kong’s hottest initial public offering.
The young company founded by three former radio disc jockeys recorded an oversubscription of near 2,900 times from retail investors who put up HK$24 billion (US$3.06 billion) in the IPO’s first two days.
If this momentum continues, Most Kwai Chung is set to top Magnum, a nightclub operator in Lan Kwai Fong, which attracted a 3,558-times subscription.
So why is Most Kwai Chung hotter than the mainland offering iQiyi, a Baidu unit that plans to list in United States, and possibly Xiaomi, which plans to list in Hong Kong and/or mainland China?
It is because Most Kwai Chung, which plans to raise HK$81 million, represents how local creativity can rejuvenate the boring advertising market.
The content-production house was set up by Tsui Ka-ho (pen name Lam Yat-hei), Iu Kar-ho (popularly dubbed Ah Bu) and Luk Ka-chun (pen name Chan Keung) and started with a HK$1 single-sheet magazine called Blackpaper in 2010, but they pulled their enterprise together against the meltdown of traditional media like Television Broadcasts (TVB) and Apple Daily.
Read: Upstart TVMost applies for listing on Hong Kong exchange
In fact, Most Kwai Chung creates its content in a humorous tone like Apple Daily but derives content from TVB. The large chunk of profits was from digital ads, most remembered for featuring actor and Cantopop star Leon Lai for Nescafe and comedian Dayo Wong for DBS credit cards.
And it even made profits somewhat greater than firms under the Association of Accredited Advertising Agencies of Hong Kong (commonly known as HK4As). For the fiscal year ended March 2017, it made a profit of HK$36.23 million, up by more than 62% year on year. However, in the eight months ended last November, its profit fell 84% to HK$5.17 million from the same period of 2016.
Each of the three founders owns 30% of Most Kwai Chung. The remaining 10% is owned by One Media Group, a subsidiary of Media Chinese International, which publishes Ming Pao, paid HK$1 million in 2012 for its stake. Now is the crunch time for Media Chinese International. Its stock on Monday quadrupled in the wake of the strong investor response to Most Kwai Chung’s IPO.
Most Kwai Chung, which will make its debut on March 28 by issuing 67.5 million shares at between HK$1 and HK$1.20 each, is quite creative to choose to locate its headquarters in Kwai Chung, New Territories, best known for its container businesses, yet no listed company in Hong Kong has up to now included the area’s name in its own.
Think about how much these guys would make if the stock went up 10 times. Creativity is all that matters.
hk mediac fly morning session. that's why people chase price BSKL. now side way. If remain hk mediac sideway until evening, is good sign. selling pressure successfully absorb
28 Mac 2018, Most Kwai Chung will be listed. Then second wave, now first wave only. I just want to say if something NOT make any sense, then you should make your own decision. Don't trust others even investment banks.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Secret
875 posts
Posted by Secret > 2018-03-21 09:27 | Report Abuse
Let move up to 0.500!