HONG KONG/SINGAPORE (Feb 3): China's Eastroc Beverage, a maker of energy drinks, made a muted Hong Kong trading debut on Tuesday after raising about US$1.3 billion in a share sale. Its shares closed at HK$251.8, just 1.5% higher than their offer price of HK$248 each, giving Eastroc a market capitalisation of around HK$141.2 billion (US$18 billion). China's biggest pig breeder Muyuan Foods aims to raise US$1.4 billion in an offering and will debut on Friday. Kenny Ng, a securities strategist at China Everbright Securities International, said investor enthusiasm in Hong Kong listings leans toward new-economy, smart-manufacturing and technology firms due to their stronger growth prospects. "In contrast, stocks from traditional economic sectors, such as Eastroc, often exhibit more stable trends following their listing," he added.
