Yingliu International, a mainland component supplier for specialised industries such as oil and gas exploration, has postponed its listing plan due to weak market sentiment, the company confirmed. Anhui-based Yingliu, which was seeking HK$780 million through an initial public offering, cancelled a press conference scheduled for today. According to KGI Asia chief operating officer Ben Kwong Man-bun, investors now do not have much interest in new listings because of the disappointing performance of recent offerings. Shares in Shangdong Chenming Paper Holdings fell 17 per cent on their first trading day last Wednesday, while Chongqing Machinery and Electric declined 19 per cent on its debut on June 13. According to its preliminary prospectus, Yingliu posted a 112 per cent growth in net profit at 68.5 million yuan (HK$77.96 million) last year, while sales rose 30 per cent to 519 million. After a slump in the local market, eight companies pulled their listing plans in January and three delayed theirs in March. Last month, four companies, including E-Land Fashion China Holdings, a spin-off of South Korea's largest fashion retailer, and China Pacific Insurance Group, scrapped their share sale plans. Those that pressed ahead with their offerings had difficulty attracting retail orders. SJM Holdings, one of the six casino operators in Macau, starts its public offering today to raise US$500 million. The deal is arranged by Deutsche Bank. Owned by gaming tycoon Stanley Ho Hung-sun, the company has received a lukewarm response from institutional investors, who remain wary about rising competition and stock market volatility, according to sources.