谁知道 China Gaoxian 在韩国开盘多少 ？

松岩

进了韩国交易所网站，全是天书，看不到。

莫非跌破发行价了？

松岩

China Gaoxian (I4U.SG) is down 17.1% at $0.365 with 58 million shares traded, as its Korean depository receipts (950070.SE) tumble on their debut on the Korean stock exchange; in Seoul, the stock is down 4.3% at KRW6,030.

The stock has surged 144% since the start of October to yesterday, on hopes for increased valuations in Korea, where the company hoped investors would be more aware of the China-based high-end fibre maker’s potential, delivering to the sports and casual wear sector and automotive industry.

Gaoxian’s weakness in Seoul is weighing on other stocks lined up for a Korea dual listing; Sunmart (C2J.SG) is down 2.3% at $0.215 with 1.4 million shares traded; the company will submit a fresh application to list on the KRX in April 2011 after it delayed its earlier plans.

Combine Will (F4I.SG) is down 6.4% at $0.295 with 2.1 million shares done; the company in July got approval from the SGX to list of new shares in relation to its Korea dual listing plan.

goldenstar

Do not chase dual-listing themes blindly - CIMB

With China Gaoxian (I4U.SG) down 20.5% at $0.350 after its KDR (950070.SE) opened lower on its debut in Korea this morning, falling to a low of KRW5,360 (equivalent to $0.307 per share), CIMB warns investors “make your investments based on company’s fundamentals; do not chase dual-listing themes blindly.”

It says current investors in China Gaoxian could take advantage of this opportunity to buy its KDR and sell SGX shares (in equivalent amount) to make the spread (+12% before transaction costs).

CIMB adds, “traders playing the dual listing theme will be better off taking profits on announcement of dual listing offer price,” noting China Gaoxian’s shares fell 5.6% (to $0.42) on the next trading day after it announced its KDR pricing at $0.405 per share (a discount to its last transacted price on the SGX of $0.445) after it had rallied +134% from $0.19 (last closing price before the KDR plans were revealed) to $0.445 (just before KDR pricing announced).

cheongsl

goldenstar 发表于 25-1-2011 21:21
Do not chase dual-listing themes blindly - CIMB

With China Gaoxian (I4U.SG) down 20.5% at $0.350 a ...

KDR allow the conversion of singapore shares to Korea Shares, which is different from TDR. Thus this make it more vulnerable for fluctuation and manipulation by player.
For TDR, the DR can be convert to singapore shares, but shares is not allow to convert to DR.

cheongsl

回复 cheongsl 的帖子

closing price at KRW5,900

松岩

回复 松岩 的帖子

个股方面，中国高纤（China Gaoxian）是活跃的交易股之一。该股收报0.34元，跌22.7%。

该公司在韩国交易所的存托凭证（KDRs）今天首日交易，闭市价比发售价低近16%。

cheongsl

ChinaGaoxian [950070] Opening	5,960	Foreign ratio		8.71%
High	6,060	Substitute		4,130
Low	5,250	PER/PBR		86.51 / 34.71
Total Market Cap. (Mil)	163,500	52wks	High	5,900
			Low	5,450