Why JXJT Makes the Next Candidate for a TOP like-pop

Last week out of nowhere, TOP Financial Group Limited (TOP) rose from $7 to as high as $250. As a result, a bunch of Chinese and Hong Kong-related listings followed suit on Friday, including Huadi International Group Co., Ltd. (HUDI), Magic Empire Global Limited (MEGL), Dunxin Financial Holdings Limited (DXF), Jiuzi Holdings, Inc. (JZXN), Top KingWin Ltd (TCJH), Baosheng Media Group Holdings Limited (BAOS), Addentax Group Corp. (ATXG), WeTrade Group, Inc. (WETG), Tian Ruixiang Holdings Ltd (TIRX), Leju Holdings Limited (LEJU), AGBA Group Holding Limited (AGBA),  Lichen China Limited (LICN), Uxin Limited (UXIN), Golden Sun Education Group Limited (GSUN),  Powerbridge Technologies Co., Ltd. (PBTS), U Power Limited (UCAR), WANG & LEE GROUP, Inc. (WLGS), Smart Powerr Corp. (CREG) and AMTD Digital Inc. (HKD). One stock that we think stands out of this list is JX Luxventure Limited (JXJT). It increased a relatively muted 12% to $5.95 on Friday but did hit as high as $8.64, proving its ability to really move. 

Edit May 1: JXJT ran 100% today, proving that it can move large. It was one of the biggest Chinese/Hong Kong gainers today long with BAOS, LEJU, Quhuo Limited (QH), GD Culture Group Limited (GDC), UTime Limited (UTME), Sentage Holdings Inc. (SNTG) and Tantech Holdings Ltd (TANH) while many of the stock listed above experienced significant pullbacks today. 

What makes JXJT so special? It has characteristics that make it extremely similar to TOP. First off, after a recent reverse split, shares outstanding are only 6 million. The stock's float is less than 700,000 as insider ownership is 85%, nearly identical to TOP's 86%. Some of the Chinese pumps fizzled out last week, and what people don't understand is that the stocks that move at a sustained and massive level always have very high percentages of insider ownership, at least 80%. 

More evidence to suggest a move on JXJT is possible is by looking at the volume. It only had 323,000 shares traded on Friday and trades well less than 100,000 shares on any given day. Up until the beginning of April, TOP also traded well less than 100,000 shares on most days, and even with the pickup in volume traded around a million shares right before it blew up. When looking at MEGL, it traded less than 100,000 shares in a day. Then traded 10 million shares on Thursday without any movement before exploding over 300% on over 100 million shares traded the next day. HUDI has the most similar pattern to JXJT, with less than 100,000 in daily volume traded up until Thursday when it had 414,000 shares traded on a flat stock price before exploding nearly 400% on over 50 million in volume on Friday. These are the types of stocks you needing to be looking at. Low float, low volume, high insider ownership. JXJT matches all of this. 

JXJT is also financially a pretty strong company for a market cap of $36 million and probably deserves a higher market cap just on fundamentals. (Link to financials here) 

Revenue has jumped from $13 million to $52 million in six months of operations from 2021 to 2022. Net loss is $20 million for those six months but most of that is in share-based payments as a new management team took over the listing. The operating cash flow loss is only $3 million. The balance sheet is very strong with $31 million in assets ($11 million in cash) against only $9 million in liabilities. This company is in no need to dilute after the new management team took over much of the shares. 

This makes JXJT an ideal candidate to go on massive run on multiple fronts. 











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