It’s been a wild ride in the Hong Kong IPO market.

We have seen some companies rise by 500% on their first day of trading, as Chinese companies look to capitalise on the increased interest in AI-related companies.

But that craze has cooled in recent months.

And so, we do see some opportunities in the HK IPO market that could be gems for the long-term.

Before we proceed, we have some interesting content this week that might change how you think about your portfolio!

Apple $AAPL ( ▼ 2.51% ) : A new sheriff is in town. John Ternus begins his term as Apple’s CEO, replacing Tim Cook. He has big shoes to fill as the company under Tim Cook soared to become the world’s most valuable company over the years. Now, he has a memory and chip shortage, and AI catch-up to handle [Read More]

Broadcom $AVGO ( ▲ 0.21% ) : “Still has legs to run”. Broadcom CEO is optimistic about his company’s prospects. Hard to blame him as both revenue and earnings results beat expectations. He is hyping up the artificial intelligence labs division that he says ‘bridge the gap between [clients] cash flow and upfront investment required for their business’ [Read More]

Uber $UBER ( ▼ 0.26% ) : Big tech layoffs are hitting Uber too. It plans to lay off 3,300 employees (about 10% of its workforce) and cease its operations in Nigeria and Uganda. Before that, it also eliminated 10% of its customer service roles. Times are lean indeed for Uber. [Read More]

Dell $DELL ( ▲ 1.5% ) : Dell is dialling it up. Both revenue and earnings are above expectations for the latest financial results. Revenue is up by 58%, while profits quadrupled. So, Dell is now raising its forecast for its full-year to $192 billion in revenue, and $25.5 for earnings per share [Read More]

GoPro $GPRO ( ▲ 22.3% ) : We thought we would not hear this name, but here it is. GoPro is being acquired by Starman Optical in a $285 million cash deal. Starman will take a 90% stake in the company, while GoPro will take up the remaining 10% of the company. [Read More]

Shein $SHEIN ( 0.0% ) : Shein’s fast-fashion also extended to its valuation, but in a bad way. It listed on the Hong Kong market, and the share price declined by 9%. 4 years ago, the company was valued at $100 billion. Now? $25 billion. How fast did the decline come [Read More]

Keppel DC REIT: Well, we know data centres were coming. Keppel is placing out a private placement to raise SG$600 million to partially fund a 90% stake acquisition of Tokyo Data Centre 4 and 5 in Inzai City, Greater Tokyo, Japan. The existing operator will retain a 10% stake. [Read More]

Frencken: Another private placement. Frencken is raising SG$100 million from various institutional, accredited and other investors to expand existing businesses, strategic investments, M&A, JV and strategic alliances. Investors included Amova, Avanda, Lion Global, and more. [Read More]

Tiong Woon: A set of strong results. Tiong Woon’s latest revenue is up by 15%, while profits grew by 24%. This was driven by its heavy lift and haulage business segments, while geographically, it was due to Singapore, India and Brunei. [Read More]

Raffles Education: Into the red. Raffles Education bled for the latest quarter as it recorded a net loss of SG$6.1 million as revenue declined by 4% due to lower recognition from the newly disposed Hefei Yuren. It also recognised an impairment loss from Hefei’s disposal. [Read More]

Every breakthrough device runs on chips, parts, and materials from other companies — most of them public and overlooked. Our analyst named 3 positioned to profit from Elon's July 22 launch, plus the most undervalued name in the supply chain.

Get the free report.

Are you an under-controlled or over-controlled trader?

Receive bite-sized market updates and actionable stock ideas - so you stay informed without spending hours researching.

Zhongji Innolight makes optical transceivers and parts, mainly for AI players.

👆️ How the IPO Went: Did not go well on the Hong Kong market. Share price was down by 8% to HK$980 on its first day of trading. The global AI sell-off was in full swing, sweeping from the U.S. markets to global markets. It has remained around that level, breaching the HK$1000 level several times, but nonetheless, price action was weak for the stock.

💪 Investment Case: There are opportunities from a valuation perspective. Based on discounted cash flow (DCF) valuation, the company is potentially undervalued by 60.7%.

While investors might be getting tired of covering the AI boom trend, Zhongji is a shovel to the industry. Basically, they supply transceivers that enable high-speed data transfer and are crucial for data centres now. There isn’t a significant deterioration of its investment case, considering that it has other applications in other industries.

Furthermore, it is the world’s largest optical interconnect solutions provider by revenue since 2021. And its financial performance has been strong, with revenue nearly tripling in the quarter ended 31 March. Most importantly, it is profitable at this stage.

Lingyi Tech makes and sells AI terminal hardware core components and offers one-stop manufacturing services and solutions.

👆️ How the IPO Went: Lingyi’s share price fell by 4.6% on its first day of trading. And it has fallen by 38.6% since the first day of trading.

💪 Investment Case: Same case as Zhongji. DCF shows some potential undervaluation of 72.3%.

The recent selling pressure is understandable. Investors are worried about shrinking gross profit margins. However, prospects for the company are hard to ignore.

It is an Nvidia supplier and forms a critical part of its order book. Its printed circuit boards are the main components for almost all of the parts needed in data centres and other electrical industries.

Even if the sell-off hits the company, it still has fallbacks to others who need its printed circuit boards.

Luxshare Precision researches, develops, manufactures, and sells consumer electronics, communication & data centre, auto electronics, and healthcare products.

👆️ How the IPO Went: Share price was down by 9.6% on its first day of trading. Currently, the share price is down by 6.7% from the first day.

💪 Investment Case: Financial performance for 1H 2026 was strong. Revenue was up by 40.2%, while profits grew by 18%. Profits grew more slowly due to foreign currency losses that came to about 25% of its total profits.

However, it has incurred higher selling, general and administrative expenses as it seeks to expand. Hence, we do see profit margins being pressured in the short-term as it seeks to build capacity.

We think that its data centre segment will continue to grow by leaps and bounds, but we see bigger opportunities in its automotive electronics segment. This has grown by 274% as EV and ICE automotive players seek to create more intelligent vehicles.

Lastly, Luxshare is an Apple supplier, and export revenue makes up 84% of its total revenue. China still has a weak economic environment and its high export reliance works well on Luxshare’s favour.