In today’s briefing:
- Farm Fresh IPO Lock-Up – Stock Price Has Held Up, but Recent Momentum Isn’t the Greatest
- Shanghai/Shenzhen Southbound Connect: Weekly Moves (15 September 2022)
- Golfzon Commerce IPO Preview
Farm Fresh IPO Lock-Up – Stock Price Has Held Up, but Recent Momentum Isn’t the Greatest
- Farm Fresh Berhad (FF MY) was listed on the Bursa Malaysia Exchange on 22nd March, 2022.
- Farm Fresh Berhad is a dairy group that covers the entire value chain, from farming and manufacturing to distributing its various dairy products and plant-based products.
- Both management and Agrifood Resources (Khazanah), which had sold earlier, will come off lockup soon.
Shanghai/Shenzhen Southbound Connect: Weekly Moves (15 September 2022)
- Inside is a recap of movements in the last week relating to the Shanghai and Shenzhen-Hong Kong Stock Connect facilities, broken down by company and industry.
- Overall, the net inflow over the past week was ~US$0.33bn, split (+US$0.16bn) for Shanghai and (+US$0.17bn) for Shenzhen.
- The largest inflows were into Tencent (700 HK) and China Mobile (941 HK). The largest outflows were in Hang Seng H Share Index ETF (2828 HK) and Geely (175 HK).
Golfzon Commerce IPO Preview
- Golfzon Commerce is getting ready to complete its IPO in Korea in October. The total offering amount is from 80.2 billion won to 99.8 billion won.
- The expected market cap of the IPO is from 323 billion won to 336 billion won. The book building for the institutional investors starts on 11 October.
- Golfzon Commerce operates Golfzon Market (a leading golf shop chain in Korea) and Golping (golf related e-commerce site).
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