When you see high vol pump and then sell, ignore those shout cheap, good for collection call until the selling pressure gone. Just remind yourself this will do :P
my price 0.375 sold morning 0.46 then enter a few times and manage sell 2 bid profit. evening session tak masuk.i tak tau baca operator mediac game.therefore stay away better.
Most Kwai Chung (1716) will be listed in Hang Seng Index tomorrow morning at 930am Malaysian Time. This new IPO has been oversubscribed by more than 6000 times, please watch out:
Most Kwai Chung (1716) said in an exchange filing on Tuesday that retail investors had submitted bids to buy 42.45 billion shares, 6,288 times the number of shares available in the public tranche.
Of the 67.5 million shares in total in the offer, 10 per cent is intended for the public, while the rest is for international placement and mainly targets institutional investors.
The international tranche was also oversubscribed by more than seven times, the filing said.
Related stocks have risen on expectations over Most Kwai Chung’s debut. One Media Group, which already holds a 10 per cent stake in Most Kwai Chung, has soared more than 20 per cent since March 16, when the IPO was launched. "Media Chinese International", parent of One Media Group, has also more than doubled in the period.
Most Kwai Chung, which derives most of its revenue from advertising on its digital media platforms, reported a net profit of HK$36.3 million for the financial year ended March 31, 2017, up 62 per cent year on year. But in the eight months to November 2017, net profit decreased 84 per cent to HK$5.2 million from the same period a year earlier, due in part to spending on the IPO preparations, the company said.
Another pre-requisite for Most Kwai Chung (1716) to perform tomorrow is the US market must perform tonight! As of now all 3 of them (Dow Jones, Nasdaq, S&P 500) point to the north which is still good:)
MediaC only owned 10% of Most Kwai Chung (1716). Most Kwai Chung still survive till today because creativity is all that matters!!!
Whoever thinks the media industry is dead, think again. Most Kwai Chung (1716), 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.
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.
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Posted by jutawansenyap > 2018-03-27 15:56 | Report Abuse
as your mention this situation...is it still can hold it frist ?!
Tomorrow morning will play short time. But the problem is today what is close price.