[HK IPO] Dongpeng Beverage surges 3.54% - should we subscribe? Soul-searching question: Mingming is very busy current market cap

$EASTROC(09980.HK) First, let's talk about Dongpeng. The conclusion is not to participate, 2.5 stars (fundamentals 4 stars, pricing 2 stars, minus 0.5 stars for still selling at anchor price).

I already explained the reasons on Monday. Today, Dongpeng's A-shares closed up 3.54%, with the discount rate reaching 13.2%, but it's not enough, far from enough. My standards are as follows:

The subscription deadline is tomorrow morning. Is there any descendant of Zhuge Liang who can help me calculate whether it can hit two consecutive limit-ups in the next two trading days? If so, I'll participate.

Also, multiple channels have contacted me in the past two days, saying Dongpeng still has anchor orders, time is tight, and asking if we want any. Well, duh, of course they're nervous if they can't sell it～

Now let's look at Mingming is Busy, which closed at HKD 400 today, up 69%, slightly down from the grey market's 72.44%.

My view on Mingming is a target price of around HKD 320, with a gain of 30-40%, but the grey market might surge.

The result of surging and then falling back is fine, but the gain still exceeded my expectations.

So, did I misjudge, or is Mingming overpriced now? Let's look at the data.

Mingming is Busy has a strong comparable company, Wanchen Group in A-shares, both in the snack chain business.

From the chart, for companies of similar size, Mingming is Busy's basic financial performance data (gross profit, net profit, revenue, growth) is comprehensively inferior to Wanchen, yet the price is almost double that of Wanchen. Calm down and think, does this make sense?

Moreover, Wanchen is an A-share, while Mingming not only has no discount but actually has a premium of about 10% (based on PE). Do you think it's CATL?

Even if we ignore all this, ask yourself: if the company were to issue shares at the current price (80 billion), would you still participate? When it was issued at 50 billion, I won't name names, but many thought it was expensive～

In summary, Mingming is HKD 25,000 per lot, hammer subscription. It's normal to have a reluctance to sell and for prices to surge, but you need to think: at this price, is there still room for further upside? Is the probability of going up or down higher at the current level?

Most importantly, at what price would you be willing to sell, whether it goes up or down?

As they say, plan your trade and trade your plan. If you don't sell when it's up or down, are you really planning to attend the shareholders' meeting?$BUSYMING(01768.HK) $GON TECHNOLOGY(02768.HK)