SK Telecom Co Ltd (Adr) Watchlist
Trading Opportunity Coming on SK Telecom ADR Premium
635 Views, 09 May 2022 15:45
- 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.