After the big family, the retail investors who have drawn the millet can also trade in the securities trading market of Yao Cai Securities and Hui Li today.
Chen Yingjie, deputy manager of corporate finance at Phillip Securities, said that although Xiaomi is not eligible for inclusion in the MSCI index, the FTSE China 50 Index, which is regarded as a benchmark for Chinese stocks, is rapidly included. It is expected that there will be about HK$1 billion in passive funds to pursue the goods. In addition, 18 stocks will be issued simultaneously on the day of listing, which will help reduce the pressure on the weak market. It is estimated that after the stock price falls by about 5%, it will be able to find the bottom.
10 brokers borrowed 7.2 billion
According to the statistics of this newspaper, there are 10 brokers who have borrowed more than 7.2 billion Hong Kong dollars from the Xiaomi IPO. They responded to the inquiry and said that they have done risk management and the customers are not afraid of taking positions.
Mr. Wei Biwei, the chief executive of Futu Securities International (Hong Kong), which has been borrowing more than HK$3 billion, said that customers are more optimistic about the performance of the first stocks in different stocks. Even if the current market conditions are not good, investors will have a certain ability to hold goods, mostly Anxious to pick up the goods on the same day.
Yao Cai Chief Executive Xu Yibin said that Xiaomi’s public offering of about 40,000 retail investors was divided into one or two hands (including more than 25,000 people per person, and the remaining 15,000 people each had two hands). The small noteholders are not required to ask for price. eclipse.
Guotai Junan said yesterday that Xiaomi’s final exhibition volume has been reduced from HK$3 billion to approximately HK$1 billion. The customer has done risk management and will not panic. The bank also plans to provide second-hand warehouses, which can be used up to 50%.
Zhonggang proud fund manager Wen Gangcheng is more cautious. He believes that there are many variables in the trade war, the market risk is low, and there are doubts about the high valuation of new economic stocks. Xiaomi is listed at nearly 40 times price-earnings ratio, similar to Tencent Tencent. However, Xiaomi's mode of making money is similar to that of mobile hardware. Therefore, the reasonable valuation given by the market is expected to be 30 times or less. Based on this calculation, the stock price of Xiaomi is about 14 to 15 Hong Kong dollars.