: Value Investing Forum - Singapore, Hong Kong, U.S.

Full Version: Sheng Ye Capital(6069)& Linklogis
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Linklogis recently will IPO, and now SaaS service provider and supply chain finance is a very heated topic in the Hong Kong stock market in recent days. I’m not sure it’s a good time to invest in technology stock.  After researching, there is also a supply chain finance firm called Sheng Ye Capital (6069).

There is some material I collected from their website.

Sheng Ye Capital (6069)
-1 st listed supply digital finch platform in China on HKEX backed by Pavilion Capital, China Taiping, and Olympus Capital.
-Net Profit was 337 RMB million, and the net forfeit margin was 53.2% in 2020
-ROE was 12.9% in 2020.
-Their value is in the non-standardized products. They provide SaaS and apps (software and hardware)to help clients making all the processes more efficient.

Linklogis(recently will IPO)
-Pre-IPO investors were very significant, with companies such as Tencent, CITIC Capital, Shinku Capital, GIC, and Standard Chartered Hong Kong also having a stake.
-No profit yet, but they have a large scale of business and clients. Maybe is because they are doing the channel business(standardized products), they only charge very few fees from ABS business.
-Successful application for Singapore digital banking license

According to the news, Linklogis might price at $17.58HKD, and Sheng Ye Capital today closing price is $6.21HKD. Does anyone have any insight on these two companies? Or anyone has any opinion on supply chain finance or SaaS stock? Thanks!