Amidst this earnings season, many including the giants like AT&T, NXP Semiconductors posted better than expected earnings and revenues, yet the share price did not trend to what was expected. Sometimes one may wonder why. The situation of the Chinese stocks in US stock markets or ADR, may have different scenarios.
Look at
$Alibaba(BABA)$. Since its announcement that the Chinese tech board had authorized management to apply for a primary listing in Hong Kong. It has gained more than 3% in pre-market trading today. The move, which would leave the Chinese stock to be dual-primary listed in US and HK could open more doors to the Chinese investors from the mainland. This comes in the midst of that both Beijing and Washington remain at loggerheads over the audits of Chinese companies in US markets. Moreover, the crackdowns on tech giants imposed by Beijing seem to be over. The potentiality of upside has increased. It could be worthwhile to pay more attention to it.
Cheers.
Source:Business Wire, 26 July 2022
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