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Lining Anta Affects Xide Dragon Listing Plan
Lining and Anta sports were influenced by Xi Long Long's shelving listing. The former dropped 4.2% to HK $15.9, while the latter did not see a deal, but the pre listing price was 2.3% to HK $5.57 lower than its closing price on Wednesday (2).
Guo Jiayao, an analyst at Tun Pei securities investment research, believes that, as the market weakens, it is not surprising that Xi long long shelved the stock market. It also means that the price earnings ratio of Lining and Anta is over 30 and 20 times. Under the flat market, its overvalued value has deterred capital, and the Olympic concept has not been the focus of the market.
Lining and Anta fell 7.8% and 6.7% on Wednesday, closing 16.6 and HK $5.7 respectively.
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