暗盤前瞻 | 泡泡瑪特:機構強烈看好的潮玩龍頭,沒有對標公司將會如何炒作?
uSMART盈立智投12月10日消息,今日泡泡瑪特公佈中籤結果,並將於16:15-18:30進行暗盤交易。
泡泡瑪特是中國最大、增長最快的潮流玩具公司,IP爲其核心。目前中國的潮玩市場處於爆發式增長階段,泡泡瑪特的業績也呈現井噴式增長,收入從2017年的1.58億人民幣增長至2019年的16.8億人民幣,CAGR爲226.3%。淨利潤從2017年的156.9萬增長至2019年的4.5億,CAGR爲1595.6%。預計短中期內,仍然可以實現高速增長。
由於其稀缺性,本次招股受到了市場的熱捧,我們主要來看下機構的態度,國配認購倍數高達44倍,這是個什麼概念?雖然現在國配數據整體水漲船高,但是近10年來,倍數最高的是歐康維視生物-B(76倍),其次是農夫山泉(60倍),明源雲(45倍),這三隻新股不管從首日還是累計表現來看都相當不錯。
從機構研報覆蓋度來看也能說明泡泡瑪特的關注度很高,在其IPO前就有不下10家機構發佈相關報告,華金證券在前兩日的報告中給予泡泡瑪特“買入”評級,稱2021年合理PE爲60倍,對應市值813.8億港元,即每股58.91港元。
從市場情緒來看,可謂是熱情高漲,昨日多家媒體報道泡泡瑪特場外報價97港元(漲幅152%),但消息真實性有待確認,不管怎樣對市場情緒有很大的助推作用,但也需要注意若開盤漲幅過高,將帶來不小的拋壓,類似歐康維視、農夫山泉當時高開低走的走勢。
新股配售 | 泡泡瑪特一手中籤率15%,近48萬人申購,公開認購356.74倍,國配44倍
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