麗年國際(9918.HK)首日上市低開4% 市場或憂旗下霧化產品面臨政策收緊風險
格隆匯1月10日丨麗年國際(9918.HK)今日首日上市低開4%報0.24港元,盤前成交1538萬港元,最新總市值4.8億港元。該股IPO發行價為0.25港元,認購倍數35.19倍。公司是一家專注於消費電子產品的知名電子製造服務(EMS)供應商,收益的很大部分來自銷售霧化產品。招股書顯示,2016-2018年及2019年上半年,來自銷售霧化產品的收益分別佔公司同期總收益的12.1%、45.8%、48.2%及34.2%。有分析人士指出,霧化產品常見的應用是電子煙,而電子煙市場經過了數年的野蠻生長的時期,近期面臨全球的政策都收緊的趨勢,這導致麗年國際於今年一月份失去了電子煙客户F的訂單,從而造成2019年H1的盈利大幅下降。
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