POPA ReconUBS, “Buy SK Hynix’s new ADR and sell Korean listed stocks.”
UBS, “Buy SK Hynix’s new ADR and sell Korean listed stocks.” According to UBS Group AG, investors were advised to buy SK Hynix's scheduled American depositary receipts (ADRs) and sell stocks listed on the Korean stock exchange. This is because new securities are likely to trade at a premium. The sales and trading desk of Swiss bank UBS analyzed the following in an investment note to clients: “The new ADRs are more efficient and cheaper to hold, so they could be much more attractive to investors, including hedge funds, than existing Korean stocks.” In addition, he added that many global po…
The excerpt is quoted from a public Telegram channel, which owns its text.