WHAT THE BROKRE SAID...
Fujikon Industrial designs, manufactures and sells audio headphones, multimedia speakers, microphones, communication headsets, packaging products and precision metal parts.
A year ago, Fujikon was the only listed company in Hong Kong engaged in this business, in which it had had 18 years' experience.
Fujikon listed in April last year at an initial public offering price of HK$1 per share, raising HK$79 million.
At the time, North America was the largest market for the firm, but that was beginning to change with recent acceptance by Japanese 'audiophiles' of Fujikon's noise-cancelling headphones. The balance was seen as likely to shift closer to home.
Fujikon intended to launch its own-brand products in Asia, South America and the Middle East by the end of last year as part of an expansion plan.
This ambition prompted Pacific Challenge to issue a 'buy' recommendation on the stock.