1. IPO subscription suggestions:

The company is a reputable provider of waterway trade and shipping services between China and Hong Kong. The company provides foreign trade forwarding services in South China, with Hong Kong, Nansha (one of Guangzhou's main ports) and Shenzhen as its main transit ports. According to Euromonitor's report, the company ranked fifth among all foreign trade forwarding service providers and ranked second among non-state-owned enterprise competitors in Guangzhou, Shenzhen and Hong Kong in terms of container volume in 2015. The company was founded in 1993 and is headquartered in Hong Kong, with a history of more than 22 years. As of December 31, 2015, the company had a total of 19 operating sites including the Hong Kong headquarters, including branches and representative offices in Fujian, Guangdong, Guangxi Zhuang Autonomous Region and Hainan Province.

According to the prospectus, the company's net profit for the year ended December 31, 2015 was HK$39.17 million. Assuming that no overallotment rights were exercised, the prospectus price corresponds to the price-earnings ratio of 10.72 times to 13.58 times in 2015, and the corresponding net market ratio of 2.73 to 2.92 times in 2015. It is recommended to purchase carefully.