Summary of Hong Kong and US stock listings for concept stocks in mid April

1. Overview of Chinese companies going to the US in April According to the statistics from uSmart Capital, a total of 8 Chinese stocks completed IPO in the US market as of April 30, 2024, and 3 new shares were listed on HKEX during that same period: Tianjin Construction and Development (2515.HK), Tea Baidao (2555.HK) and Chu Men Wen Wen (2438.HK). This brings the number of Chinese stocks listed in the US market this year to 20 (excluding SPAC), and the total IPO fundraising scale exceeding $2.7 billion, except Yamafen (Amer Sports Inc., code:AS.NYSE), while all other Chinese enterprises chose Nasdaq listing. It is worth noting that after entering mid-late April, the listing rate of Chinese companies has been greatly improved. From April 16 to 19, 5 Chinese enterprises completed the listing on NASDAQ in just four days, becoming the largest listing of Chinese companies since 2024, with the total amount of funds raised exceeding 30 million US dollars, a promising trend. This reflects the high interest of the capital markets on Chinese companies and the considerable improvement in investor confidence compared with the first quarter. Listing of Chinese Concept Stocks in 2024 (As of April 30,2024) No. Stock Code Name in Chinese IPO Date Exchange First Day Perform. Offer Amount 1 ROMA 罗马绿色金融 2024-01-09 Nasdaq -27.50% 12.3 million 2 CCTG 承创科技 2024-01-18 Nasdaq 92.50% 5.6 million 3 JL 即亮 2024-01-24 Nasdaq 48.80% 7 million 4 SUGP 荣志集团 2024-01-24 Nasdaq 0.00% 5 million 5 YIBO 星图国际 2024-01-25 Nasdaq -30.25% 5 million 6 HAO 浩希数字科技 2024-01-26 Nasdaq 32% 9.6 million 7 AS 亚玛芬 2024-02-01 NYSE 3.08% 1.365 billion 8 WETH 伟大奇科技 2024-02-21 Nasdaq -59.33% 11 million 9 LGCL 罗科仕 2024-03-05 Nasdaq -9.75% 6 million 10 INTJ 慧悦财经 2024-03-20 Nasdaq 25% 7.5 million 11 LOBO 萝贝电动车 2024-03-21 Nasdaq -13.25% 5.5 million 12 UBXG 有家保险 2024-03-28 Nasdaq -18% 10 million 13 ZBAO 致保科技 2024-04-02 Nasdaq -7.50% 6 million 14 TWG 富原集团 2024-04-16 Nasdaq -51.50% 8 million 15 JUNE 奥斯室内设计 2024-04-17 Nasdaq 1.50% 8 million 16 CDTG 城道通环保 2024-04-18 Nasdaq -17.50% 6 million 17 MTEN 铭腾模具 2024-04-18 Nasdaq -12.50% 5.1 million 18 TRSG 同日科技 2024-04-19 Nasdaq 48.75% 5 million 19 MFI 移动财经 2024-04-22 Nasdaq 173.11% 7.5 million 20 NCl 思宏国际 2024-04-23 Nasdaq 137.50% 9.28 million Under change with overall market environment and macro-economic factors, Chinese companies raised about US$1.5B in the first quarter of 2024, a significant year-on-year increase of 150% in fundraising; entering April, the momentum of Chinese companies listed in the US has increased, both in terms of number of filings, the scale of fundraising and the market reaction. 2. Industry distribution of Chinese companies in the United States in April In terms of industry distribution, most of the Chinese companies listed in the United States in April came from consumer services and industrial sectors, which have been more active in the U.S. market in terms of IPO activity. The details are shown below: Dimension Consumer Services Industry Industrial industry Information Technology Industry No. of IPO 3 3 2 Offer Amount 25 million USD 16 million USD 13.5 million USD According to Deloitte's report, the industry structure of Chinese companies going public in the U.S. in the first quarter of 2024 was similar to that of the same period in 2023, with 46% of the companies coming from the technology, media and telecommunication industry, and 23% of the companies coming from the consumer industry. And the industries to which the listed companies belonged changed in April, with the number of Chinese IPOs from consumer services and industrials leading the way. 3. A key factor to promote Chinese companies' travel to the US in 2024 1. Market recognition recovery: According to Deloitte's report, the number of Chinese companies listed in the U.S. in the first quarter of 2024 was the same as last year, but the amount of financing rose sharply, from $553 million to $1.467 billion. This shows that the capital market for the Chinese stock sector recognized, especially Amalfin sports and other consumer sector companies, showing a bullish trend for China's subsequent economic growth. 2. High-tech rise: PwC believes that with the steady progress of the filing system, China's capital market has shown strong vitality, especially with key core technology of science and technology innovation enterprises have more listing opportunities. In addition, it is expected that the listing of Chinese stocks in the U.S. stock market will further pick up in 2024. This shows that Chinese companies choose to list in the U.S. because of the warming trend of the U.S. market and the support for technology and innovation companies. 3. Specialization of overseas architecture: In the process of Chinese enterprises going to the U.S. for listing, the construction of offshore structure is crucial. In addition to financing needs, Chinese companies listing in the U.S. also seek professional offshore structuring to adapt to and utilize the rules and advantages of the U.S. capital market. Professional teams have a deep understanding of Chinese law and the U.S. capital market and a wealth of practical experience, and through the construction of offshore structures, they are able to bring significant advantages to enterprises in terms of saving tax costs, building equity structures, reducing investment risks, and increasing the convenience of future financing, etc. With the aid of their process-oriented operations, the efficiency of Chinese enterprises going public in the U.S. is greatly enhanced. From a comprehensive perspective, from 2024 to the present, the main motivation for Chinese enterprises to list in the U.S. is to solve the financing needs and seize the trend of the U.S. market rebound; at the same time, further promoting the listing of enterprises through the construction of offshore structures by professional teams adapts to the institutional needs of the filing system. 4. More Chinese companies choose to go public in the United States As of April 30, 2024, around 60 U.S.-listed companies completed the SEC filing, and more companies are continuing to promote the process of listing in the United States. For Chinese stocks, listing in the U.S. can bring a series of positive impacts. This includes standardized market operation procedures and lower costs, while listing in the U.S. establishes an international capital operation platform for enterprises, providing a platform for subsequent mergers and acquisitions, financing, and exit. In addition, overseas listing can raise awareness, bring feedback to the main business expansion into a virtuous cycle. However, changes in US listing regulatory policies have also brought challenges to Chinese companies going public in the US. Higher listing thresholds and compliance costs mean that companies need to comply with stricter disclosure and financial reporting requirements. Such changes may lead to a short-term stagnations in the pace of companies going public in the US. Therefore, professional counseling organizations that address the relevant requirements are increasingly important in the listing process. According to uSmart Capital, US stocks have advantages in terms of liquidity and listing valuation, which will continue to support Chinese companies choosing to go to the US. In addition, U.S. stocks are more relaxed in terms of refinancing, as long as the listed company is recognized by the market, there will be opportunities and space for financing, and the scale and frequency of financing are basically not restricted. In terms of PE Ratio, the average P/E ratio of NASDAQ high-tech stocks is about 30~40 times, while the average P/E ratio of HKEX and SGX is about 8~10 times. For high-quality and high-growth companies, it is easier to gain market capitalization growth space by listing in the US. 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2024-05-09 15:17uSMART

Is it worth investing in gold ETFs in 2024?

Overview and Evolution of Gold Exchange-Traded Funds (ETFs) What is a Gold ETF? A Gold ETF, or Gold Exchange-Traded Fund, is a type of commodity ETF based on gold. It's traded on stock markets and typically divides the fund into units representing fractions of an ounce of gold. There are two main types: Physical Gold ETFs, which hold actual gold assets like bars or coins, and Derivative Gold ETFs, which track gold contracts without owning physical gold. Development History [image]
2024-03-06 16:01uSMART

Exploring the Investment Potential of Facebook: Is It a Smart Choice?

Company Overview: Facebook, also known as FB, is a social networking service and social media platform founded in the United States on February 4, 2004, by Mark Zuckerberg and his Harvard University roommates. With over 2.6 billion active users as of the first quarter of 2020, Facebook is headquartered in Menlo Park, California. Product Domain: Facebook is a globally renowned technology company that ventures into multiple product domains, including social networking, instant messaging, photo and video sharing, and payment services. Its main products include the social networking platform Facebook, the Messenger instant messaging application, the Instagram photo and video sharing social platform, the WhatsApp cross-platform instant messaging application, Oculus VR virtual reality technology, Workplace enterprise social platform, Portal smart video calling device series, and Facebook Pay payment service. Furthermore, the company actively invests in and develops technologies and products in other domains such as virtual reality, artificial intelligence, and blockchain. Facebook Stock Information, Annual Income Statement, Balance Sheet, and Cash Flow Situation (Reference: Google Finance Data)Ticker Symbol: META Exchange: Nasdaq Market Cap: $772,488,775,788 (as of January 24, 2024) Index Inclusion: Dow Jones Industrial Average, S&P 500 Index, Russell 1000 Index, Russell 3000 Index, U.S. Technology Index, Dow Jones U.S. Index Stock Price Movement Over the Past Five Years (2020-2024) [image]
2024-03-06 11:37uSMART

India's GDP for the fourth quarter of 2023 unexpectedly exceeded expectations, bringing new opportunities for investors.

On February 29, 2024, according to a report from Hong Kong's Reuters, India's economic data for the fourth quarter of 2023 brought a surprise. The data showed that India's GDP grew by 8.40% year-on-year, far exceeding market expectations of 6.6% and the previous value of 7.6%. This unexpectedly strong growth has brought new opportunities and challenges for investors. India, as one of the world's largest democracies, has always been closely watched for its economic growth. The performance in the fourth quarter of 2023 is particularly noteworthy. [image]
2024-03-05 15:47uSMART

NWS Holdings Unveils Strong Interim Results with Special Dividend; Co-CEO Brian Cheng Makes Debut Appearance

2024-02-28 17:54uSMART

Trump back in power? Consider a global investment layout.

On Monday night (January 15th), Donald Trump easily won the Iowa Republican Caucus. If Trump returns to power, it could have significant implications for certain countries and regions. Reflecting on Trump's policy orientation and actions during his tenure, I personally remain highly cautious regarding the Chinese and Hong Kong markets, as well as U.S.-listed Chinese stocks. I suggest everyone consider a global investment layout. In the realm of global investment, Exchange-Traded Funds (ETFs) serve as a popular investment tool, offering advantages such as diversification, low cost, flexibility, and low entry barriers, making them an ideal choice for investors seeking global asset allocation. Below, we will explore why it is necessary to consider a global investment ETF layout and the advantages it brings. 1.Asset Diversification and Risk Mitigation: A global investment ETF layout provides investors with extensive asset diversification. By investing in ETFs that cover different regions, industries, and asset classes worldwide, investors can access a broader range of investment opportunities and reduce the risk associated with adverse impacts from specific regions or industries. 2.Global Economic Growth and Opportunity Capture: A global investment ETF layout enables investors to participate in global economic growth and opportunities in emerging markets. Economic growth levels and market performances may vary across different countries and regions. By investing in global ETFs, investors can leverage these variations to capture growth opportunities on a global scale. The strategy targets are as follows: usBND Vanguard Total Bond Market ETF usDBJP Xtrackers MSCI Japan Currency-Hedged Equity ETF usGLD SPDR Gold ETF usIXJ iShares Global Healthcare ETF usJNK SPDR Bloomberg Barclays High Yield Bond ETF usPAVE Global X U.S. Infrastructure Development ETF usPSI Invesco Semiconductor ETF usSCHG Schwab U.S. Large-Cap Growth ETF usVPL Vanguard FTSE Pacific ETF usVWOB Vanguard Emerging Markets Government Bond ETF 3.Cost-effectiveness and Liquidity: Trading ETFs and derivatives in Hong Kong does not incur stamp duty, which means grid traders can save significant trading costs through multiple buy and sell transactions, thereby enhancing trading returns. Additionally, ETFs have good liquidity due to their open-ended structure, allowing investors to flexibly adjust their investment portfolios as needed. uSMART HK is a licensed securities broker authorized by the Hong Kong Securities and Futures Commission. With continuous investments from well-known financial institutions in Hong Kong and strategic investments from Chow Tai Fook Enterprises, it has a solid background and provides security assurance. It is an excellent tool for domestic investors to trade overseas ETFs. It offers various intelligent order functions, including grid trading, and allows trading of leveraged short ETFs such as SQQQ. Here are some popular overseas ETFs: Nikkei Index ETF: Tracks the Nikkei 225 Index, representing the largest Japanese companies listed on the Tokyo Stock Exchange. Cryptocurrency ETF: Provides exposure to a basket of cryptocurrencies, offering stable returns and resilience against market risks. India ETF: Invests in the Indian stock market, allowing participation in India's economic growth. Includes indices like Nifty 50 and Sensex. NASDAQ Composite Index: Covers all stocks listed on NASDAQ, with a focus on technology, biotechnology, and internet industries. S&P 500 Index: Comprises 500 large U.S. companies, reflecting the overall performance of the U.S. stock market across various sectors. Global investment layout, welcome to join uSMART Investing globally offers more opportunities, lower volatility, and better diversification. With the development of QDII products and platforms like Stock Connect, accessing overseas assets has become easier. uSMART selects diversified ETF strategies for investors looking to tap into the global market. We track and invest in ETFs that closely follow market trends, providing professional services with just one commission.[image]
2024-02-28 11:44uSMART

Is Microsoft Corporation worth investing in?

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2024-02-28 10:03uSMART

2024 New Year's Address | Roaring into the New Year, Embarking on a Global Asset Allocation Adventure

2024-02-08 00:00uSMART

Unexpected Earnings: 3 Stocks that Beat Analysts' Expectations

As earnings for the final quarter of 2023 continue to be reported, there is a mix of results among companies. While some, like Tesla (NASDAQ:TSLA), are falling short of expectations, there are others that are pleasantly surprising investors with stronger-than-expected financial performance. With only 10% of S&P 500 companies having reported their Q4 2023 results, 62% have announced profit and sales surprises, according to FactSet. Let's take a closer look at three stocks that have exceeded analyst expectations: IBM (IBM)IBM's stock (NYSE:IBM) soared by 11% following the release of its fourth-quarter financial results. The technology giant reported earnings per share (EPS) of $3.87, surpassing the expected $3.78. Revenue totaled $17.38 billion, slightly higher than the forecasted $17.30 billion. IBM's sales increased by 4% compared to the previous year. Notably, the company's Q4 gross margin was the highest since 1999. IBM expects $12 billion in free cash flow in 2024 and mid-single-digit revenue growth. Overall, IBM stock has seen a 38% increase over the last 12 months. American Airlines (AAL)American Airlines' stock (NASDAQ:AAL) rose by 8% after the company reported better-than-expected Q4 earnings and provided an optimistic outlook for the year ahead. The airline posted Q4 EPS of 29 cents on revenue of $13.10 billion, outperforming the predicted 11 cents on $13 billion in sales. American Airlines attributed its success to the continued strength in air travel post-pandemic, including record bookings over the recent holiday season. The company expects earnings of $2.25 to $3.25 per share for 2024, surpassing analyst expectations of $2.14 per share. While AAL stock had declined by 7% over the past year, the strong Q4 performance suggests a potential turnaround. Service Now (NOW)ServiceNow's stock (NYSE:NOW) performed well ahead of earnings and continued to impress with its Q4 results. The software company reported EPS of $3.11, surpassing the expected $2.78. Quarterly revenue reached $2.437 billion, marking a 26% YoY increase and surpassing Wall Street forecasts. ServiceNow attributed its strong performance to the rising demand for its AI products and the launch of 15 generative AI software offerings. The company provided optimistic guidance, expecting subscription revenue of $2.510 billion to $2.515 billion for Q1 2024, and projecting subscription revenues of $10.555 billion to $10.575 billion for the full year, representing a 22% YoY growth. NOW stock has seen significant gains, rising by 72% over the last 12 months and 305% over the past five years. In summary, IBM, American Airlines, and ServiceNow have all delivered impressive earnings results, exceeding analyst expectations and driving their stock prices higher. Disclaimer: The content and information contained all general information and data (“ Information”) for reference only and does not constitute an offer or a solicitation for sale or recommendation of any investments, trading strategies or investment products. Our company uses its reasonable endeavours to ensure the accuracy and reliability of the information provided, but cannot guarantee its accuracy, and will not be liable for any loss or damage arising from any inaccuracy or omission.
2024-01-29 18:11uSMART