UBS says investors should buy SK Hynix’s planned American depositary receipts (ADRs) and sell the South Korean-listed shares because the new ADRs are likely to trade at a premium. The call implies a near-term relative-value/positioning benefit for ADR holders versus the local listing.
UBS says investors should buy SK Hynix’s planned American depositary receipts (ADRs) and sell the South Korean-listed shares because the new ADRs are likely to trade at a premium. The call implies a near-term relative-value/positioning benefit for ADR holders versus the local listing.
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mildly positive
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0.15
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