King of new shares frozen capital of the retail investment rate Limited

Catching up with the climax of Hong Kong's IPO market, the mainland Chinese herbal shampoo maker, Overlord Group (01338.HK), will definitely win the first half of this year's new shares "Frozen King."　　Hong Kong market participants said that the Overlord group public offering attracted more than 190,000 people to subscribe, the public offering exceeded about 440 times times, the freezing of more than 73 billion yuan (Hong Kong dollar, the same below), while the international allocation is 45 times times higher, and the institutional investors more than 280 of the subscription order. People close to the underwriting team say the unit is set to raise about $1.666 billion by a $2.38 price cap, which will be listed on July 3, with the sponsors being Morgan Stanley and HSBC.　　As the subscribers to the new shares enthusiastically, even if the start of the share callback mechanism, it is difficult to make a single person, may be initially intended to be 100,000 shares per purchase can presumed 1 hands (Overlord each hand for 2000 shares), become the most difficult to draw in the financial tsunami since the new shares. The IPO price range of 1.95 to 2.38 yuan, if capped, is equivalent to 18 times times the 2009 forecast P/E ratio (PE), analysts say, even at this price, investors who get new shares have room for profit.　　Lian Jinghan, a joint director of Prudential Securities, said that the estimated overlord will be on the first day of 30% to 40% increase, after the price will be able to profit support depends on the big city.　　Some Hong Kong media said that the overlord of the shady transaction price has reached 2.8 yuan, compared to the IPO price higher than 17%. Overlord purchase a number of years to create new highs, but also to promote other listed companies.　　Market Personage said, today, Zhejiang Province natural gas power generation clean energy supplier Amber Energy (00090.HK) will start to launch the IPO itinerary in Hong Kong, in addition, Shandong Private enterprise Zhi Gao air conditioner also will relay the share offering. But Hong Kong's IPO market is not without risk. On June 23 The same day, the Hang Seng index marked a correction, the same day the new stock market also appeared a large number of withdrawal of the phenomenon of purchase. Wu Zuzu, JP Morgan managing director and Asian equity marketing director, said: "If [HSI] is just a little bit of a correction, it's okay, but if it's going down, it's definitely going to have a bigger impact." However, he believes that the market should not continue to fall, it should be only a small decline.