Anta China (2020.HK), the mainland sports dealer, launched a roadshow in Hong Kong yesterday. The initial prospecting documents show that the company will sell 600 million new shares at HK$4.28 to 5.28 per share, and IPOs will raise funds from HK$2.568 billion to 3.168 billion. The shares will be offered to retail investors next Tuesday. It is expected to be listed on July 10. The sponsor is Morgan Stanley.
It is worth noting that the news that the Rockets’ owner had earlier announced that they had subscribed was confirmed yesterday. According to the preliminary disclosure document, Anta was awarded a loan of US$30 million (approximately HK$234.5 million) in new shares by rocket boss Leslie Lee Alexander of the NBA team, which accounted for 7.4% of the maximum fund-raising amount of 3.168 billion Hong Kong dollars.
Anta expects this year's net profit to be no less than 384.4 million yuan, an increase of 1.6 times from last year's 147.4 million yuan, and a dividend payout ratio of 25% after listing. Anta said that it plans to spend 299.43 million yuan, 384.2 million yuan and 350.2 million yuan in capital expenditure from 2007 to 2009, a total of 1.0287 billion yuan, mainly invested in factories and equipment in Jinjiang, Xiamen, etc., to expand the production line of sports shoes and sportswear.
Sun Hung Kai Financial strategist Peng Weixin pointed out that from the previous Baili International (1880.HK) and other mainland retail stocks, the IPO's market sentiment should not be a problem. In addition, the ANTA IPO guideline is equivalent to 26 times to 32.5 times the 2007 forecast P/E ratio. Currently, Li Ning (2331.HK), which is a sports brand distributor in the market, has a P/E ratio of 46 times. upside potential.
It is understood that Anta is currently based in Fujian Province and its products include sports shoes, sportswear and sports accessories. The company disclosed that as of the end of March this year, it had a total of 4,217 points of sale, and plans to increase the number of points of sale to 4,500 at the end of this year. Each point of sale will have an investment of about 160,000 to 400,000 yuan, and it plans to open major cities in the Mainland this year. Three to four flagship stores under the name of Anta are set up, and each investment is expected to be about 1.4 million to 2.8 million yuan.
The HandSpinner can help them quit smoking, attention deficit disorder, obsessive-compulsive disorder, anxiety, post-traumatic stress disorder, meditation and boring.It can provide users with a tranquilizing effect.also HandSpinner can Develop the kids' creativity and imagination. A good toy to keep company with your kids. They are the good toys for the audit and kids. We can do custom-made for hand spiner.
Glow In The Dark Fidget Hand Spinner
Emoji Glow Hand Spinner,Hand Spinner Glow ,Smile Face Hand Spinner,Glow In Dark Hand Spinner
Ningbo Yonghuai Import And Export Co., Ltd. , http://www.nbgoldenshine.com