Investor demand for newly listed stocks in Hong Kong is likely to remain tepid amid concern about slumping property prices and increasingly tight liquidity on the mainland.
Small initial public offerings that tapped the market this week have struggled, while big-cap stocks such as China Vanke were in strong demand.
Yida China Holdings, which develops business parks on the mainland, priced its shares near the bottom of its initial range at HK$2.45 to raise a net HK$1.36 billion.
China New City Commercial Development, a spin-off of Zhong An Real Estate, priced its 468 million shares at HK$1.30 each, far below its range between HK$2.12 and HK$2.92.
The company said it would postpone its listing date to July 10.
Shares of the mainland’s biggest property developer, China Vanke, jumped as much as 10 per cent before closing at HK$14.18 on their debut yesterday.
Market participants are getting increasingly worried about the likelihood of a sharp fall in mainland property prices and the impact spreading to the wider economy, with property sales estimated to account for 12 per cent of the mainland’s gross domestic product.
Meanwhile, weak sentiment in smaller listing candidates has also been partly attributed to Vanke’s debut, after fund managers piled up their cash to buy its shares.
“We believe that funds will rotate from other large-cap developers to Vanke in the near term because it is a market leader in the sector and its corporate governance is better than most other [mainland] developers,” said Edison Bian, the research head for China property at UOB Kay Hian.
Bian said he expected a further 10 to 20 per cent upside for Vanke.
Elsewhere, Chanjet Information Technology finished at HK$15.04, down 8.2 per cent from its issue price, while lingerie maker Cosmo Lady (China) Holdings closed at HK$3.55 from its listing price of HK$3.60.
The market saw its biggest gain in six weeks yesterday, recovering from the biggest slump in three months on Monday, as casinos rose. The Hang Seng Index closed 1.45 per cent higher.
A number of mainland firms is set to tap the market in the coming weeks. Drugmaker Luye Pharma Group is looking to raise US$764 million. Its shareholders include CDH Capital, Citic Private Equity and New Horizon Capital.
Tian Ge Interactive Holdings, whose live video content ranges from music to talk shows, is planning a US$208 million offering. The stock opened its institutional books earlier this week and has managed to lock in US$80 million from cornerstone investors, including Atlantis Investment Management.
Facebook is full of secrets – and not just the affairs, double lives, civil service careers and faked qualifications that populate the billion-plus profiles that exist on Mark Zuckerberg’s social network.
The service actually has a number of hidden features that only true Facebook ninjas know about.
Fortunately they’re also accessible to anyone with the time and willingness to watch a two minute video.
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Check THIS Out
Before the Photoshop disaster, perhaps this guy was just trying to welcome an old friend with open arms? (Via a href=”http://www.boredpanda.com/worst-photoshop-mistakes/” target=”_hplink”Bored Panda/a)
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One-Legged Model
It’s amazing that her career as a model has taken off despite her “disability.” (Via a href=”http://photoshopmistakes.com/” target=”_hplink”Photoshop Mistakes/a)
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You Should Get That Checked Out
It’s an eye catching watch, that’s for sure. (Via a href=”http://www.oddee.com/item_96450.aspx” target=”_hplink”Oddee/a)
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Pregnant Leg?
Underwear: you’re doing it wrong. (Via a href=”http://photoshopdisasters.blogspot.com” target=”_hplink”Photoshop Disasters/a)
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Bounce House Disaster
A bounce house that lets you FLY?! Where do we get one?! (Via a href=”http://photoshopmistakes.com/2009/03/18/walmart-bounce-house/” target=”_hplink”Photoshop Mistakes/a)
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Oh No…
Apparently Microsoft thinks Poland prefers a white businessman. Oh, except the hand. (Via a href=”http://www.boredpanda.com/worst-photoshop-mistakes/” target=”_hplink”Bored Panda/a)
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Would You Like A Hand With That?
Her mate was obviously not attractive enough to stay in the shot. (Via a href=”http://www.oddee.com/item_96450.aspx” target=”_hplink”Oddee/a)
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SD Card WIth Low Self-Esteem
Poor guy. He’s an eight but he sees himself as four. (Via a href=”http://www.hongkiat.com/blog/52-worst-photoshop-mistakes-in-magazines/” target=”_hplink”Hong Kiat/a)
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Something’s Wrong With Jacke…
Perhaps Jack’s the one responsible for all those extra hands in these other bad Photoshop jobs. (Via a href=”http://photoshopdisasters.blogspot.com” target=”_hplink”Photoshop Disasters/a)
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Joan Holloway Gets Amputated?
The couch ate her! (Via a href=”http://photoshopdisasters.blogspot.com/” target=”_hplink”Photoshop Disasters/a)
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Levitating Plate?
Oh, we know this one. David Blaine does it all the time. (Via a href=”http://www.hongkiat.com/blog/52-worst-photoshop-mistakes-in-magazines/” target=”_hplink”Hong Kiat/a)
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He Must Be REALLY Good
We said we wanted a photo of a six STRING guitar, not a six-fingered guitar player. (Via a href=”http://photoshopdisasters.blogspot.com” target=”_hplink”Photoshop Disasters/a)
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3 Arms shooter
a href=”http://www.huffingtonpost.com/social/Steve_Robinson”img style=”float:left;padding-right:6px !important;” src=”http://graph.facebook.com/580628642/picture?type=square” //aa href=”http://www.huffingtonpost.com/social/Steve_Robinson”Steve Robinson/a:br /What I could do with a third arm!
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Put your arm on my shoulder… No, no! Just the arm…
a href=”http://www.huffingtonpost.com/social/mahmd”img style=”float:left;padding-right:6px !important;” src=”http://i.huffpost.com/profiles/866526-tiny.png?20100112212331″ //aa href=”http://www.huffingtonpost.com/social/mahmd”mahmd/a:br /Posted in a website for singles.
Really, really singles.
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Whitney Houston: Now eating 150% more efficiently!
a href=”http://www.huffingtonpost.com/social/dweinberger”img style=”float:left;padding-right:6px !important;” src=”http://s.huffpost.com/images/profile/user_placeholder.gif” //aa href=”http://www.huffingtonpost.com/social/dweinberger”dweinberger/a:br /Apparently the National Enquirer believes that Whitney Houston’s drug habit has resulted in a mutation that enables her to get fat even faster
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Eye Win!
a href=”http://www.huffingtonpost.com/social/Aaron_Whitfeldt”img style=”float:left;padding-right:6px !important;” src=”http://graph.facebook.com/1566210469/picture?type=square” //aa href=”http://www.huffingtonpost.com/social/Aaron_Whitfeldt”Aaron Whitfeldt/a:br /That lady in the back should keep her eye on her own business!
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The Ultimate game-changer in Russia
a href=”http://www.huffingtonpost.com/social/V_Ostapov”img style=”float:left;padding-right:6px !important;” src=”http://s.huffpost.com/images/profile/user_placeholder.gif” //aa href=”http://www.huffingtonpost.com/social/V_Ostapov”V Ostapov/a:br /Apparently, in Russia, when you’re adding “Super” to the name, it’s automatically changes heads to Val Kilmers and makes women look like a sluts.
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How does he make his hand do that?
a href=”http://www.huffingtonpost.com/social/Glenn_R_Wichman”img style=”float:left;padding-right:6px !important;” src=”http://graph.facebook.com/538606525/picture?type=square” //aa href=”http://www.huffingtonpost.com/social/Glenn_R_Wichman”Glenn R Wichman/a:br /Utterly unable to find a picture of a man with his back to the camera, our creative Photoshop jockey came up with this brilliant solution.
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Get a Grip
a href=”http://www.huffingtonpost.com/social/Hyster”img style=”float:left;padding-right:6px !important;” src=”http://s.huffpost.com/images/profile/user_placeholder.gif” //aa href=”http://www.huffingtonpost.com/social/Hyster”Hyster/a:br /Splash screen from the resume-writing software WinWay Resume Deluxe shows these two gents shaking hands with their left hands.
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Jenny Craig Meet Photoshop
a href=”http://www.huffingtonpost.com/social/Benjamin_Niu”img style=”float:left;padding-right:6px !important;” src=”http://s.huffpost.com/images/profile/user_placeholder.gif” //aa href=”http://www.huffingtonpost.com/social/Benjamin_Niu”Benjamin Niu/a:br /Have you ever done so many crunches that your waist shrinks faster than your body or camera can keep up?
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Quadruplets in the crowd!
a href=”http://www.huffingtonpost.com/social/Agha_Haider_Raza”img style=”float:left;padding-right:6px !important;” src=”http://s.huffpost.com/images/profile/user_placeholder.gif” //aa href=”http://www.huffingtonpost.com/social/Agha_Haider_Raza”Agha Haider Raza/a:br /President of Pakistan addressing a rally in his hometown. One too many folks were in attendance
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Victoria’s Secret
We’re used to seeing Victoria’s Secret catalogues filled with super-skinny, super-shiny models in skimpy underwear. The problem comes when these models are a href=”http://www.huffingtonpost.com/2012/08/02/victorias-secret-photoshop-fail_n_1734800.html?utm_hp_ref=photoshop-fail” target=”_hplink”spliced in two and made to look like they have unnaturally whittled waists/a. This was the case with VS’s picture of model Lais Ribeiro, whose bottom half doesn’t match her top half. Yikes!
(Victoria’s Secret)
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Alloy
We don’t subscribe to the Alloy catalog but luckily someone does and sent this photo to a href=”http://www.psdisasters.com/2012/07/alloy-the-cure-for-tennis-elbow.html” target=”_hplink”psdisasters.com/a. Although the model in this ad doesn’t look unnaturally Photoshopped, she is missing an elbow. This begs the question, what were the folks at Alloy trying to do when their mouse slipped?
(a href=”http://ebm.alloyshopemail.com/c/tag/hBQEZRoB8a4RyB8sAfYAAgD3pc-/doc.html” target=”_hplink”Alloy/a)
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BCBG Maxazria
We understand that models have long legs. We get it! However, we refuse to believe that they have adjustable knees. In this BCBG ad, the models seem to be having some patellar trouble. Both these ladies have the left side of their skirts bent at angles where their knees should be while their right legs are bent unnaturally at a much lower position. Either their right legs were elongated, their left legs were straightened or models have evolved to have adjustable appendages.
(Courtesy photo)
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HM
For the last HM accessories style book, Arlenis Sosa and Jessica Stam were photographed by Mikael Kangas. The pictures are glossy and colorful (standard HM) but one picture caught our Style eye. This photo of Sosa holding a number of purses looks just fine until you look at her torso. There are no creases and in fact, it looks cartoonish. If Sosa were leaning against/basically sitting on the back of a Vespa, her dress would have creases, right?
(Courtesy photo)
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Karma Loop/Free People
We’re not sure who is to blame for this photo, Free People or Karma Loop. In all honesty, this model doesn’t look like a typical Free People model so we’re kind of confused…but not as confused as when we first saw this photo and realized that the model’s right breast has been enhanced, leaving the left one deflated. Super yikes!
(a href=”http://www.karmaloop.com/product/The-Star-Crop-Bra-in-Black-Combo/283374″ target=”_hplink”Karma Loop/a)
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Juicy Couture
When we first saw these photos of Namibian model Behati Prinsloo for Juicy Couture’s fall 2012 jean line, we expected to see signs of Photoshop in Prinsloo’s arms, torso or even hips. We were happy to see that the model actually looked pretty natural, until we realized that her left foot in this photo is wonky and she’s missing several toes.
(Courtesy photo)
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Jimmy Choo
We have to admit that we’re not sure if there is a Photoshop fail in this Jimmy Choo perfume ad. The model looks very thin (as per usual) and the angle from which the photographer took the picture makes her look very limby. We became suspicious when we saw the size of her right leg; it looks bigger than her left and it looks like her left calf muscle has been whittled away.
(Courtesy photo)
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Longchamp
We’re not going to lie, we kind of love Lisa Winkler and Coco Rocha’s campaign for Longchamp, but this photo made us cock our heads to one side and say, “huh?” Although the two models are supposed to be dancing and playing on the streets of NYC (fun!) we’re not sure we believe Winkler’s pose here. Either her legs are actually very VERY long or something’s been tampered with.
(Courtesy photo)
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Peet Dullaert
Model Iris van Berne is photographed in this campaign for Dutch label Peet Dullaert. We’re not sure if the campaign was all about trying to confuse the eye into thinking the clothes have been drawn on, but either way there is some MAJOR Photoshop action going on here.
(Courtesy photo)
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Set
Can we just say…OW! Russian model Anna Selezneva has been stretched to her limit in this photo for German label Set. While her left leg is lifted onto a couch, her right leg has been attacked by some vicious monster that bit right into her thigh! Also, this is a terrible Photoshop job. Terrible.
(Courtesy photo)
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Victoria’s Secret
a href=”http://www.huffingtonpost.com/2012/08/29/victorias-secret-photoshop-fail-doutzen_n_1840958.html?utm_hp_ref=style” target=”_hplink”Doutzen Kroes looks very sharp in a new photo/a, modeling Victoria’s Secret’s new Printed Chiffon Robe. Although we all know that the lingerie retailer is Photoshop-happy, we’re surprised to see how terrible their work on this robe is! It reminds us of something we may have made on Window Paint.
(Courtesy photo)
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Seventeen Magazine Vows to Not Alter Photos
Related video
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In this ad for French clothing brand a href=”http://www.camaieu.com/en/Home.aspx”Camaïeu/a, a model wears a cozy sweatshirt and pajama shorts without incident. (Although, what’s with the blurring near her belly button?). Scroll lower and you’ll notice something a wee bit weird. Photoshop fail alert! What happened to her feet?
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a href=”http://www.victoriassecret.com/”Victoria’s Secret /aappears to have used its airbrushing powers to give a model a lift — literally. To demonstrate the effectiveness of the Add 2 Cups Multi-Way Bra, part of the Bombshell collection, model a href=”http://www.huffingtonpost.com/2012/09/14/candice-swanepoel-model-bikini-body_n_1884856.html”Candice Swanepoel /aleans towards the camera and shows off her enhanced cleavage. But one side of her chest looks remarkably bigger than the other, as if the “Add 2 Cups” applied to one breast only.
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This a href=”http://store.americanapparel.net/”American Apparel/a ad is a study in Photoshop gone wrong. The image, ostensibly advertising the retailer’s line of lace clothes, features a blonde girl cradling a horse’s head that seems to be leading to nowhere.
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Some Photoshop fails are subjective. Did the editor really chop off the model’s arm? Or is that pose actually physically possible? But sometimes, the photo gods send us an airbrush misstep too obvious to be debated. This a href=”http://www.alloy.com/index.htm”latest newsletter from Alloy/a is definitely a case of the latter.
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Our friends over at a href=”http://www.psdisasters.com/”PsDisasters/a tipped us off to the slightly off-kilter shot in the a href=”http://www.huffingtonpost.com/2012/09/19/frida-giannini-gucci-giannini_n_1897552.html”Gucci Resort 2013 ads/a. The fail in question has to do with poor a href=”http://www.huffingtonpost.com/2012/06/17/joan-smalls-w-magazine-july-2012-vogue_n_1603742.html”Joan Smalls/a’ leg-to-hip ratio. Her torso is twisted, but there’s still something a little … off about the way her legs are positioned. Does anyone else notice that her crotch doesn’t match up to her body at all? That oversized snakeskin tote isn’t hiding anything either.
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In this ad,a href=”http://www.victoriassecret.com/” Victoria’s Secret model/a Lais Ribeiro stands with her torso bent at an angle, but from our viewpoint, it looks like VS spliced two halves of two separate photos together to create one model. There’s no way any human can have that small a ribcage, right?
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Seriously, the shot of the actress makes her look … different. There seems to be a glazed-over feeling to the cover — like an intense retouching session gone wrong. It took a second for us to register that that was even a href=”http://www.huffingtonpost.com/2012/11/10/gwyneth-paltrow-max-factor-ads-video_n_2108679.html”Gwyneth’s face/a. And anyone else noticing the strange juxtaposition of her foot and thigh? For a hot second we thought she was three-legged.
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This a href=”http://videos.huffingtonpost.com/entertainment/kohls-launching-narciso-rodriguez-designation-collection-517515225″Kohl’s ad/a take waist-whittling to a whole new, er, planet. Our friends at a href=”http://www.psdisasters.com/”Photoshop Disasters/a spotted this flop — and boy were they right. The shape these frocks seem designed to flatter definitely doesn’t look human. The woman in the white dress has some sort of inverted triangle alien body — or is that a Ken doll-like physique?
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Our friends at a href=”http://www.psdisasters.com/”PsDisasters /atipped us off to this one, and it’s definitely one for the books. To sell their “Jackie Cardigan” on their a href=”http://www.jcrew.com/index.jsp”website, J. Crew/a featured a model in their typical prep-meets-hip gear. It only takes about half a second to notice that chunks of the model’s inner thighs have been erased. Could this be a case of Photoshop streamlining gone wrong? Or is there some photo editor out there who thinks that the ideal pair of jeans creates the illusion of cratered body parts?
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a href=”http://jezebel.com/”Jezebel/a pointed out that in the advertisements for a href=”http://www.huffingtonpost.com/2012/10/25/christina-aguilera-royal-desire-ad-photoshop_n_2019309.html”Aguilera’s Royal Desire fragrance/a, something appears a bit off. Aguilera’s wrist bends weirdly, her knee has a seemingly misplaced indentation and her face and limbs look incredibly … chiseled.
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The a href=”http://www.huffingtonpost.com/2012/11/16/kate-moss-book-i-didnt-write-anything_n_2143813.html”38-year-old/a graced the latest ad campaign for Rimmel looking a little … well, flat. Kate’s wearing matte foundation in the ad, so it’s understandable that she would look somewhat less shiny. But, aside from her signature wide-set eyes and a small semblance of her cheekbones, we can’t seem to find the lively Kate we know and love (even without a stitch of makeup).
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a href=”http://www.huffingtonpost.com/2012/11/12/video-games-lana-del-rey-photos_n_2100589.html”Lana Del Rey/a has a wide range of talents: babydoll vocals, pantomiming sex on pinball machines, twirling — you name it. But we didn’t realize the singer and model possessed a href=”http://25.media.tumblr.com/tumblr_m9dcacMoow1qcy9pgo1_400.gif”"Alex Mack”-like skills/a as well — morphing into ectoplasm, apparently, as she seems to do thanks to some Photoshop gone awry in her latest HM ad. In this photo Del Rey’s collarbone looks abnormally elongated, not to mention the stray wisp of hair that makes her clavicle look like a French baguette. And that car! She’s in front of it! No, she’s behind it! In the middle of it! No wait, she … appears to be melting into it? And what’s up with her right elbow/arm area? Is that a limb or a finely chiseled rib cage?
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Victoria’s Secret
We’re used to seeing Victoria’s Secret catalogues filled with super-skinny, super-shiny models in skimpy underwear. The problem comes when these models are a href=”http://www.huffingtonpost.com/2012/08/02/victorias-secret-photoshop-fail_n_1734800.html?utm_hp_ref=photoshop-fail” target=”_hplink”spliced in two and made to look like they have unnaturally whittled waists/a. This was the case with VS’s picture of model Lais Ribeiro, whose bottom half doesn’t match her top half. Yikes!
(Victoria’s Secret)
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Alloy
We don’t subscribe to the Alloy catalog but luckily someone does and sent this photo to a href=”http://www.psdisasters.com/2012/07/alloy-the-cure-for-tennis-elbow.html” target=”_hplink”psdisasters.com/a. Although the model in this ad doesn’t look unnaturally Photoshopped, she is missing an elbow. This begs the question, what were the folks at Alloy trying to do when their mouse slipped?
(a href=”http://ebm.alloyshopemail.com/c/tag/hBQEZRoB8a4RyB8sAfYAAgD3pc-/doc.html” target=”_hplink”Alloy/a)
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BCBG Maxazria
We understand that models have long legs. We get it! However, we refuse to believe that they have adjustable knees. In this BCBG ad, the models seem to be having some patellar trouble. Both these ladies have the left side of their skirts bent at angles where their knees should be while their right legs are bent unnaturally at a much lower position. Either their right legs were elongated, their left legs were straightened or models have evolved to have adjustable appendages.
(Courtesy photo)
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HM
For the last HM accessories style book, Arlenis Sosa and Jessica Stam were photographed by Mikael Kangas. The pictures are glossy and colorful (standard HM) but one picture caught our Style eye. This photo of Sosa holding a number of purses looks just fine until you look at her torso. There are no creases and in fact, it looks cartoonish. If Sosa were leaning against/basically sitting on the back of a Vespa, her dress would have creases, right?
(Courtesy photo)
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Karma Loop/Free People
We’re not sure who is to blame for this photo, Free People or Karma Loop. In all honesty, this model doesn’t look like a typical Free People model so we’re kind of confused…but not as confused as when we first saw this photo and realized that the model’s right breast has been enhanced, leaving the left one deflated. Super yikes!
(a href=”http://www.karmaloop.com/product/The-Star-Crop-Bra-in-Black-Combo/283374″ target=”_hplink”Karma Loop/a)
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Juicy Couture
When we first saw these photos of Namibian model Behati Prinsloo for Juicy Couture’s fall 2012 jean line, we expected to see signs of Photoshop in Prinsloo’s arms, torso or even hips. We were happy to see that the model actually looked pretty natural, until we realized that her left foot in this photo is wonky and she’s missing several toes.
(Courtesy photo)
