Dear readers, have you subscribed to HRNETGROUP and WORLD CLASS GLOBAL IPO? Congratulations to you if you have subscribed and if you will get the IPO shares. For myself, I did not subscribe to both IPOs though I had done so for Sanli IPO. Why is that so? Well, it all has to do with fundamentals.

I did not subscribe to World Class Global IPO as Aspial which decoupled the subsidiary from its company has a high debt-to-equity ratio and though World Class Global and Aspial are separate listed entities, I somehow did not quite like the above fact.

As for HRNETGROUP, after looking at the IPO write-ups, I cannot understand how the company derives its earnings and income from via the sentences featured in the write-up. I remember Warren Buffet and other investing gurus saying that the business statement or how a business is defined should be easily put …