Covering IPOs, Healthcare and Technology Stocks

Andrei Zakharov

A highly collaborative investment professional and research analyst with 10+ years of international experience in equity research, treasury operations, and trading positions across multiple asset classes at leading multinational banks Citibank and Morgan Stanley, UHNWI-backed family office and European independent equity research firm. A respectable background in equity capital markets, corporate treasury, investment banking operations, equity research analysis and portfolio management.

Bloks Group (0325.HK): Stock Premium Is Not Justified, Growth Has Slowed, ~30% Downside

Bloks Group (325 HK): Bumper Listing; Index Inclusion Timeline

HSTECH Index Rebalance Preview: One Constituent Change & US$884m Trade

HSCI Index Rebalance Preview and Stock Connect: Updated Potential Changes in March 2025

Equity Bottom-Up

<ul>
<li>Bloks Group is one of the top performing stocks in Hong Kong this year, with shares up 186% over the year versus a ~19% gain on the HSI.</li>
<li>Chinese assembly character toy maker priced its offering at HK$60.35 per share in January, top of a range, and raised ~HK$1.8B of the net proceeds.</li>
<li>The offering was 5,000+ times oversubscribed and Bloks Group IPO attracted a surge of retail investors. The company’s six-month IPO lockup will expire on July 9, 2025.</li>
</ul>


Bloks Group is one of the top performing stocks in Hong Kong this year, with shares up 186% over the year versus a ~19% gain on the HSI.
Chinese assembly character toy maker priced its offering at HK$60.35 per share in January, top of a range, and raised ~HK$1.8B of the net proceeds.
The offering was 5,000+ times oversubscribed and Bloks Group IPO attracted a surge of retail investors. The company’s six-month IPO lockup will expire on July 9, 2025.


Bloks Group (0325.HK): Six-Month IPO Lock-Up Will Expire In July, Time To Take Profits