$NIO Inc.(NIO.SI)$ Listed on SGX Mainboard on 20 May 2022. This report was authuirized to Publish by Singapore Exchange.
$NIO Inc.(NIO)$ going to release Q3 earnings results on Thursday, November 10th, before market open.
Source:carbuyer.com.sg/
Trade NIO During Asia Hours via Secondary Listing on SGX
▪ Following NIO Inc.’s secondary listing on SGX on 20 May 2022, SGX NIO daily turnover has doubled from S$2m in May 2022 to S$4m as of Oct 2022.
▪ With more than US$35 billion in market cap, the SGX secondary listing of NIO Inc. is expected to attract institutional and public demand to trade during Asian hours. The SGX listing hedges any risk of a potential delistingfrom US , followingthe provisionalnaming of NIO for HFCAA non-compliance in May 2022.
About NIO Inc
▪ NIO Inc. is Electrical Vehicle (EV) maker headquartered in China.
▪ NIO designs, develops, jointly manufactures and sells premium smart EVs.
▪ Battery as a Service (BaaS) and Autonomous Driving as a Service (ADaaS) are integral parts to their core business strategy.
▪ NIO anchors itself as an industry leader that drives innovation in the space of autonomous driving, digital technologies, electric powertrains and batteries.
▪ Expansion is planned into five new European countries following its entry into Norway.
▪ In 2018, NIO listed on NYSE as an ADR. Refer to www.nio.com for more information
$NIO Inc.(NIO.SI)$ SGX Leads US $NIO Inc.(NIO)$ Open Price Direction For Majority Of Trading Days
▪ For three-quarters of the trading days since NIO listed on SGX, NIO SGX’s Price Direction (as measured by SGX NIO close price compared to the previous day NIO US close is in-line) leads the direction of the NIO US open.
▪ In Oct22, there were only 3 / 20 trading days where NIO SGX Price Movement did not lead US Open’s price direction.
▪ For the 9 higher volatility days in Oct22, where SGX price movement was greater than 1 Standard Deviation (AugOct22) of 2%, NIO SGX Close was always in the same direction as the US Open.
Supported By SGX
Supported By SGX
Illustration of Potential Market Neutral Strategies
Trading NIO SGX at Close versus NIO US in pre-open (4-5pm SGT)
▪ SGX trading hours overlap with US Pre-Open trading, enabling risk management or arbitrage strategies. SGX closes at 5pm, while US pre-open early trading session starts at 4am ET on Nasdaq and NYSE Arca.
▪ In Oct22, during the 1st hour of US pre-open from 4-5pm SGT, there was a +4.7% average price difference between buying NIO SGX at close and selling NIO US. The converse trade had an average price difference of +0.5%. Note this does not take into accountcosts related to trading/clearing, conversion and spreads.
Trading NIO SGX at Close versus NIO US Same-Day Open or Previous Day Close
▪ For 60% of the trading days in Oct22, the SGX NIO Premium/Discount versus US Close or Same-Day Open > 1%.
Note: The information and diagrams are provided only for illustrative purposes, and are not intended to serve as investment advice nor is indicative of expected return
Supported By SGX
Comments