[Ramjade]
Greatview Aseptic Packaging Company Limited drop to 3.78.. when all HK stocks bull today
any bad news?

Don't know. I already add at 3.83. Not going to add. Save bullet for Ascendas.

i not adding too

HK, technically already in recession..

https://www.bloomberg.com/news/articles/201...srnd=markets-vp

https://www.abc.net.au/news/2019-10-29/hong...nfirms/11647964

https://money.usnews.com/investing/news/art...ace-in-21-years

You can add prudential if you want. I bought via LSE. Same only dividend. Only those on HK need to be purchased in 500 lots.

HSI really down today, a good reminder of the risks of Market.

Buy the dip or stay put or get out..?

Although I bought some last week, I will wait and see how things progress. IMO last year's Dec drop may occur again end of this year. There is nothing positive about the trade deal despite earlier news. Currently HK is leading the Asian stock markets slide..

Alibaba is going to list in HKex this 25 Nov...

https://www.scmp.com/business/banking-finan...condary-listing

Need to prepare my bullets for this one.

does IBKR receive HKD from InstaRem?

I'm assuming BABA will be priced in HKD in HKSE.

Don't know. I will just convert my SGD. No issue. Cost only USD4.

The issue is how to apply. Going to test IBKR platform and see how to go about it.

Got 2 experiment for me this month.
Apply excess for Ascendas reit
Try IPOing alibaba

All using IBKR.

4 USD?? meaning SGD > USD > HKD, so 2 USD per transaction, thus 4 USD in total?

I've BABA (NYSE) and I don't know what to do with it now.

Keep la. Why should you do anything. That's not including the HKD20 commision. If want to buy HK stocks no choice have to go that way. Still cheap for me.
No pesky dividend fees, quarterly platform fees and mark up exchange rate.

This post has been edited by Ramjade: Nov 13 2019, 10:28 PM

I'm not quite sure how it works.

Will the BABA:HKSE be priced similarly to their US counterpart? so 185 USD => 1450 HKD??

and will it dilute the shares for BABA:NYSE?

edit: and previously they talked about 1-to-8 share split? Still haven't taken place.

This post has been edited by moosset: Nov 13 2019, 10:46 PM

Report says it will raise USD13 billion. So it will dilute, but not by much considering its market cap is nearly USD500b.

Price in HK should be very close to US, but not the same due to hours difference.

Don't know. Dilution is definitely there but I think market likes it more money coming in.
Will see how it goes. I like US cause you can buy 1 share. HK very difficult need lots/boards.

This post has been edited by Ramjade: Nov 13 2019, 10:57 PM

Now I remember that Baba in US is a depository receipt. Not sure now what will be listed in HK. Stock or DR.

I think it'll be stocks.

Now BABA(NYSE) already lost 4.8% even the news about HK listing. Maybe ppl are selling BABA(NYSE) and buying BABA(HKSE).

ADRs are usually for foreign stocks which are listed on the US exchanges.

Alibaba's listing in HKex, which is home country can't be an ADR.

I am just postulating that the price drop could be due to

- selling before dilution of shares as you mentioned, some might want to take profit first

- selling the US listed to buy the HK listing due to advantage of currency exchange

- lately US view buying the Chinese ADRs listed on their market as directly funding the growth of China.coms and there have been active lobbying to 'cut off' these capital funding to China. There is a risk that the trade war may escalate into capital war. Therefore it is better to buy the Chinese stock at home country rather than US. I have some ADRs which I would gladly sell if these are available at home country as mitigation.