BaWang shampoo rises 27pct in Hong Kong IPO

Herbal shampoo maker BaWang jumped by more than a third in its IPO today, selling 700 million shares at a price 18 times its estimated earnings for 2009. The performance is being taken as a good sign for both consumer products in China and IPOs this summer in Hong Kong.

Market reports

• Proactive Investors market wrap | 2009-07-02
  Mainland markets rise on bluechips, Hong Kong retreats
  
• Proactive Investors market wrap | 2009-07-01
  Mainland markets rise on Communist party founding anniversary, led by real estate
  
• Proactive Investors market wrap | 2009-06-30
  China markets fall on petrol price rise
  
• Proactive Investors market wrap | 2009-06-30
  Property, coal and alchohol lead Shanghai higher
  
• Proactive Investors market wrap | 2009-06-27
  Real estate developers strengthen Chinese markets
  
• Mining | 2009-06-26
  The iron-ore deposit that grows with every headline
  
• Proactive Investors market wrap | 2009-06-26
  China markets edge up, led by real estate
  
• Mining | 2009-06-25
  Benxi's three billion iron deposit
  
• Real estate | 2009-06-25
  Beijing's struggle to keep arable land away from the developers
  
• Metals | 2009-06-25
  China says it will meet WTO rules for export limits
  
• Proactive Investors market wrap | 2009-06-25
  China markets up on more signs of recovery
  
• Mining | 2009-06-24
  China finds Asia's largest iron-ore deposit, again
  
• Agriculture | 2009-06-24
  Farming trees: China's new crop
  
• Finance | 2009-06-24
  ICBC in banking charge U-turn?
  
• Proactive Investors market wrap | 2009-06-24
  Hong Kong sinks while Shanghai held up by financials
  
• Proactive Investors market wrap | 2009-06-23
  Global markets sink on World Bank forecast
  
• Proactive Investors market wrap | 2009-06-19
  Good day in Shanghai, Hong Kong retreats
  
• Proactive Investors market wrap | 2009-06-17
  China markets fall on fear of property price collapse
  
• Agriculture | 2009-06-16
  Beijing starts stockpiling pork to support prices
  
• Proactive Investors market wrap | 2009-06-16
  Hong Kongs drops while Shanghai rises on Ping An deal
  

Featured companies

• Tesco | 2009-06-23
  International aisle boosts Tesco
• Sino-Forest Corporation | 2009-06-19
  Toronto listed China forestry play set to benefit from Jiangxi deals
• Prosperity Minerals | 2009-06-14
  Prosperity to increase capacity to 31m tons by next year
• Minmetals | 2009-06-12
  Minmetals lifts Oz Minerals bid by 15pct to seal takeover
• Rio Tinto | 2009-06-10
  Rio BHP deal highlights strategic importance of seaborne iron ore
• Green Dragon Gas | 2009-06-06
  Wait-and-see for Green Dragon Gas as analysts predict 50pct-a-year growth
• China Energy Recovery | 2009-05-16
  Making Chinese industry more efficient
• European Nickel | 2009-05-16
  Heap leaching of laterites – have European Nickel found the Holy Grail?
• BHP Billiton | 2009-05-09
  BHP's high production in weak demand puts pressure on higher-cost producers
• Petro Matad Limited | 2009-04-28
  Doug McGay talks at Asian Advance Summit in Shanghai
• Ferrexpo | 2009-04-22
  London’s only pure play on the iron ore market
• Energetix Group | 2009-04-11
  Promising cleantech trading well below net value
• Pan Andean Resources | 2009-04-09
  Drilling the Antorcha Block in Colombia is on the horizon
• Peter Hambro Mining | 2009-04-09
  There is never a dull moment for shareholders in Peter Hambro Mining
• BHP Billiton | 2009-03-13
  Weakening demand weighs on BHP Billiton
• Gabriel Resources | 2009-03-10
  Romania's new regime and how it may affect Gabriel Resources' Rosia Montana
• Tianshan Goldfields | 2009-02-27
  Pre-feasibility study thumbs up for Tianshan's Gold Mountain Project in China
• Strategic Natural Resources | 2009-02-20
  South African miner eyes up coal export opportunities
• Kalahari Minerals | 2009-02-02
  Mark Hohnen Audio Interview with Proactive Investors
• Harmony Gold | 2009-01-17
  Harmony slashes debt and boosts production