Analyst: SK Hynix ADR May Experience Valuation Premium in the Short Term
BlockBeats News, July 13th, Periscope Analytics analyst Brian Freitas stated in a report that SK Hynix's newly listed American Depositary Receipts (ADR) may experience a valuation premium in the short term.
Freitas expects that the valuation premium on these ADRs in the very short term will be between 30% and 35%, and then narrow as a result of limited passive buying of these U.S. securities.
SK Hynix raised $26.5 billion in its U.S. listing and had a strong debut on Nasdaq last Friday, with its ADR closing up nearly 13%. In early Seoul trading today, the stock fell 10%.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Citi lowers Weibo's target price to $7.8
CSG wins bridge-laying vehicle orders worth over USD 50 million
Proport Invest secures SEK 750,000 in board-member loans at 15% annual interest
Crypto prices
More
