China Resources Beverage subscription strategy & Has the A-share bull market ended?

$Taiwan Semiconductor(TSM.US) $CR BEVERAGE(02460.HK) $NVIDIA(NVDA.US)

You might not know what C'estbon Beverage is.
But if I say "C'estbon", you probably get it now.

Currently the second largest water seller in China, after Nongfu Spring.

The company's fundamentals are decent, though the IPO valuation was a bit expensive. Based on 2023 figures it's at 22PE, while Nongfu Spring is at 24PE. Projected for 2024, it's about 18PE - not much premium.

Market enthusiasm isn't as high as expected. Morning subscription was only 70x, but has now reached 140x. Final subscription might hit 170-200x. Rumors say institutional subscription reached 20x - if true, that's pretty hot among funds.

From an IPO perspective, definitely worth participating. Though price movement likely won't be dramatic, probably between -10% to +15%.

Group B might get 80k-150k shares, Group A probably needs 100k subscription to secure 1 lot.

I'll use profits from Karat to cushion and participate more.

Hope for good results.

I don't write articles for IPOs I don't subscribe to, so no need to keep asking about this or that.

2. Has this A-share bull market ended?

Many have been asking me this recently.

I don't know either.

During National Day, I mentioned in the group (Image 4):

This is actually a stereotype, but it happened again without surprise.

I also said "If this is a real bull market, there definitely won't be lack of boarding opportunities."

Including on the 8th, warning everyone to be cautious entering, take profits if available.

Looking back, most of these were correct.

I even bought a put option (Image 5) for fun, hehe, just a small position.

But back then I didn't dare say too much or be too direct.

Nothing much, just afraid of influencing others - don't interfere with others' karma.

3. TSMC

TSMC reported earnings today, hitting all-time high pre-market, breaking $200.

I started buying TSMC at $50+, kept adding on the way up, holding till now.

Current unrealized gain: 116%

Around the same time I bought NVDA at $110 pre-split (equivalent to $11 now).

The U.S. stock holding experience is extremely