China's “Disney” Bubble Mat IPO+ Purchase Strategy

First: Purchase Suggestions

FIRST DECLARE USHang Keung Investment Memofrom the point of view,Bubble MartOvervalued at the current issue priceYes.soThis time weHang Keung Investment MemoThis timeThe strategy is：PrimeCash is the master，(Without forming an investment opinion, the risk is self-imposed)

If you want to know the result, you can end your journey here. If you want to know more specifically, please follow along with your questions and continue to look below.

Second: New Share Application Point

1. Bubble Martis China's largest and fastest growing fashion toy company;

2. If the company's issue valuation is higher, let's see how much the market sentiment is.

3. The entrance fee is a bit expensive, and the first person needs 777 million, and if you invest 20 times more, the principal amount will be 39 thousand dollars;

4th. nowadaysMarket sentiment or notGeneral;

Third: IPO Total Rating (74.05 points)

Basic overview of bubble mat:

Index 1: Industry Heat Rating (Ratio: 50%)

88 points

China's pan-entertainment market currently consists of three segments: digital entertainment, physical goods line, and downstream activities. China's pan-entertainment market has developed rapidly in recent years, with the market size of the pan-entertainment industry in China (in terms of retail value) growing from RMB 5277 in 2015 to RMB 9166 in 2019, a compound annual growth rate of 14.8%. In addition, China's pan-entertainment market still has great potential for further growth. The market size of China's pan-entertainment industry is expected to gradually increase to RMB 17807 in 2024, with a compound year growth rate of 14.2% from 2019.

Trendy culture has become more and more important in everyday life. Tangible products based on trending culture or content are an easy way for fans to express their love and affection for the relevant culture and content.So all in all: Bubble Mat has a lot of room for future growth in the market.

Index 2: Basic rating of the company (equity ratio: 25%)

88 points

Company Profile：Bubble MatTHE INTERNATIONAL GROUP HAS ESTABLISHED A UNIFIED PLATFORM COVERING THE ENTIRE TREND TOY INDUSTRY CHAIN, INCLUDING ARTIST DISCOVERY, IP MARKETING, CONSUMER OUTREACH AND THE PROMOTION OF TRENDY TOY CULTURE. According to the report, the Group is the largest and fastest growing trend toy company in China in terms of retail value (8.5% market share) and revenue growth from 2017 to 2019, respectively. IP is at the heart of its business.

By working with artists, renowned IP providers and in-house design teams, the Group attracts and maintains a wealth of quality IP resources in the trendy toy industry. As of 30 June 2020, the Group operated 93 IPs, including 12 proprietary IPs, 25 proprietary IPs and 56 non-proprietary IPs.

Financial aspects:The data shows that in the past three fiscal years 2017, 2018 and 2019, Bubble Mate's gross revenue was RMB 1.58, RMB 5.15, RMB 16.83, and RMB 16.83, with a compound annual growth rate of 226.3%. ; the company's net interest rate for the same period was 1%, 19.3% and 26.8%, respectively. The growth speed is really fast!!!

METRIC 3: CORNERSTONE INVESTOR RATING (EQUITY RATIO: 20%)

20 points

0 cornerstone investors.(There's no foundation stone in the house, good guy, this is to run around naked, but isn't it necessary or what? This is something to consider ~)

INDICATOR 4: RECOMMENDED PERFORMANCE RATING (ROYALTY RATIO: 4%)

85 points

Bubble Mat's recommender this time isDuma and CITIC SecuritiesConcerned co-sponsors,From the point of view of the historical record, the reputation of the company is great, and the performance of CITIC is also good.

Index 5: IPO price range rating (equity ratio: 3%)

80 points

10:22 p.m.The spread of the tender area in%, reasonable between the zones, can be given as80Points!

FOURTH: FIRST-HAND BETTING RATE PREDICTION

The IPO sold 1628.4 million shares, 200 shares per share and 40710 Group A shares each. This stock structure is still possible.

So looking at the current margin situation,Bubble MartThis new stock is sure to overbuy 79x, triggering a rebound mechanism by 47%. The market should have it this timeAbout 400,000 people apply for a purchase and expect a one-hand bid rate of around 20%. (For reference only)

Fifth,Operation Suggestions

Bubble MartAt the IPO today, the minimum bid was HK$7777.6andNo foundation stone。 Judging by the current issue price, the valuation is high and the market value of the new board was only 20bp (about HK$23.57) in 2019, and the market value is calculated at 435.19p~531.9p.

And: if the marginWith a multiple of more than 79 times, Group A supplies are worth 16 million,If it is estimated40 million peopleCall for Purchase，Well thenThe one-hand betting rate is around 20%.

Summary: We are constantly investing in researchKen's ChoiceMost are cash handlers, and some can choose more than 20 times as much as 20 times for financing applications!

SubsequentWe willBased on Overbought MultiplesCircumstances，DynamicAdjust the hit rate with your own hands！

(Disclaimer: This article only sorts out information and shares ideas; it is not a stock recommendation; readers' investment decisions should be based on their own judgment.)

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