In today’s briefing:
- Pinduoduo (PDD): Plunged After Weak Results, But Overly Impacted
- FS.COM Limited Pre-IPO Tearsheet
- Hong Kong Single Stock Options Weekly (June 02 – 06): Broad Gains as Option Activity Fades
Pinduoduo (PDD): Plunged After Weak Results, But Overly Impacted
- The stock price plunged by 16% after the 1Q25 results.
- The two major competitors benefited from the state subsidies, but PDD did not.
- However, PDD balances well between revenue growth and operating cash flow.
FS.COM Limited Pre-IPO Tearsheet
- FS.COM Limited (FS) is looking to raise at least US$100m in its upcoming Hong Kong IPO. The deal will be run by CICC, China Sec, and CMS.
- FS is the world’s second largest online DTC networking solution provider in terms of revenue in 2024, as per Frost & Sullivan (F&S).
- It focuses on providing general networking solutions and high-performance networking solutions mainly to the US and Europe, serving more than 450,000 customers and covering approx. 60% of Fortune 500 companies.
Hong Kong Single Stock Options Weekly (June 02 – 06): Broad Gains as Option Activity Fades
- A weekly roundup of key option and price metrics for Hong Kong single stocks.
- Option volumes on par with the lowest levels seen over the past 6 months.
- Implied volatility appears to have broadly settled around current levels.
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