Are The 5 HK SDRs Good Buys?
@koolgal:
🌟🌟🌟The Singapore Stock Exchange launched 5 new Hong Kong SDRs on October 30 2024 and it is amazing to see that these SDRs are performing well. The best performing Hong Kong SDR is $Alibaba HK SDR 5to1(HBBD.SI)$ . HBBD was up 4.4% on Friday and in the past 5 days, HBBD has jumped 14%. HBBD represents Alibaba Hong Kong shares at a ratio of 5:1. This means that a share in HBBD represents one-fifth of Alibaba's Hong Kong share price. Alibaba's share price has jumped recently due to its introduction of Qwen2.5 Max which it said demonstrates superior performance over competitors such as Meta Platforms' Llama and DeepSeek V3. This development underscores Alibaba's increasing investment in AI and cloud com