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30-11-2011, 02:44 PM
(This post was last modified: 23-10-2013, 03:27 PM by CityFarmer.)
I note that yesterday Techcomp confirmed and firmed up their plans to pursue a dual listing in Hong Kong. This followed some earlier utterings on this subject in March 2011, if I recall correctly.
What struck me this morning, 30th November, is the > 30% (thirty percent) increase in Techcomp's Singapore share price. Although volumes are small, bid prices and volumes are also significantly up. This in an overral flat market.
May be its another dumb question from yours truly ............... but is a dual listing really worth so much on the share price? And does a Hong Kong listing really justify a much higher multiple than Singapore? What am I missing/overlooking?
Vested (so I'm not unhappy about this ........... but still down on my initial investment).
What struck me this morning, 30th November, is the > 30% (thirty percent) increase in Techcomp's Singapore share price. Although volumes are small, bid prices and volumes are also significantly up. This in an overral flat market.
May be its another dumb question from yours truly ............... but is a dual listing really worth so much on the share price? And does a Hong Kong listing really justify a much higher multiple than Singapore? What am I missing/overlooking?
Vested (so I'm not unhappy about this ........... but still down on my initial investment).
RBM, Retired Botanic MatSalleh