SK Telecom Co Ltd (Adr)

Trading Opportunity Coming on SK Telecom ADR Premium

Event-Driven
635 Views, 09 May 2022 15:45
EXECUTIVE SUMMARY
  • ADRs are traded at a significant premium when the foreign room for underlying shares is exhausted. This is the pattern that KT showed in 2018.
  • SKT's foreign room is currently 1.85%. That is, the burnout rate is 98.15%. Only about 2M shares need to be burned to hit bottom. This is 0.91% of SO.
  • The shortage of SKT ADRs is likely to intensify, which in turn suggests that the ADR premium may rise further.
detail (3-minute read)
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Sanghyun Park
Korea / Special Sits, Pairs, Index Rebalancing
Clepsydra Capital
South KoreaEvent-DrivenEquity Bottom-Up

I investigate special situations, pairs, and index rebalancing trades in Korea.

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