Hong Kong AI Circuit Board IPO Explodes: How Long Can IPO Rally Last?

Shengyi Precision (02476) surged 60% on its Hong Kong debut with a $2.6B market cap, then extended gains 7.43% to $338 on day two, as surging AI hardware infrastructure demand flows directly into its AI circuit board business. Tight post-IPO float amplifies short-term volatility, and current valuations already embed a substantial premium. Institutions typically complete their rating initiation within two weeks of listing, at which point the gap between fundamentals and premium will face scrutiny. Are AI circuit board moats deep enough to support the valuation once the new-issue euphoria fades?

$VGT(02476)$ China Policy Watch πŸ‡¨πŸ‡³ The latest signals from the PBOC point clearly toward stability with a bias to ease: β€’ Stronger-than-expected daily fixing at 6.8594 β†’ reinforcing currency stability despite oil-driven pressure β€’ RMB 500mn injected via 7-day reverse repo (1.4%) β†’ liquidity remains ample (DR007 steady at 1.40%) β€’ No changes to MLF or LPR β†’ policy patience for now β€’ 10Y CGB yield at 1.757% (down sharply MTD) β†’ markets pricing in further easing Meanwhile, FX remains tightly managed: USD/CNH ~6.83 | USD/CNY 6.8680 β€” stability, not devaluation. πŸ“Œ Takeaway: China is holding the line on the currency while quietly keeping liquidity supportive. If Q2 data softens, watch closely for a potential RRR cut β€” that’s the lever equities will car
$VGT(02476)$ Tiger Coin, I need to post something for that
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04-23
$VGT(02476)$ 🐲🐲

πŸ“Ž HK Macro Review | 20260421

US-Iran Ceasefire: Oil Volatility vs. Risk Appetite Brent surged to ~$99.35/bbl (+63.24% YTD), with back-months pricing a sustained Hormuz disruption premium while front-month prints hover near $94–$95. The $Cboe Volatility Index(VIX)$ climbed to 19.50 as US equities sold off ( $S&P 500(.SPX)$ -0.63%, $NASDAQ(.IXIC)$ -0.59%). For Hong Kong positioning, this creates a sharpened binary: failure = oil gaps toward $100+, energy names rally ( $CNOOC(00883)$ , $PETROCHINA(00857)$ , $CHINA SHENHUA(01088)$ reporting Friday) but broad ris
πŸ“Ž HK Macro Review | 20260421