$BABA-W(09988)$ Something worth noting here on HK common vs US ADR's. Base on calculation, for the same price per share, HK commons typically valued at a +2.8698% premium compare to US ADR's.
You might think if that's the case, why buy in HK? The reason, massive 30% withholding tax on dividends for foreign person in the US. This law greatly tilt the favor towards HK common. Now looking at it, it seems cheaper already to purchase HK common. Happy weekend 😁 #ADRvsHK
Modify on 2024-10-04 18:18
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- Max87·10-042/ So if you were holding the same company in US ADR as oppose to HK commons, you'll receive $1 less on every $3 earned in dividend.LikeReport
- Max87·10-043/ Just to clarify, this is calculated for the std 8:1 ADR:common conversion rate at a 0.1425 CNY:USD FX.LikeReport
- Max87·10-044/ if it meets both settings, it should be ard the +2.8ish premium.LikeReport