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Elec & Eltek Int Co
14-04-2018, 01:12 PM,
Post: #21
RE: Elec & Eltek Int Co
(13-04-2018, 03:49 PM)bmann025 Wrote: Any reason why this stock is currently trading 20% higher in HK than in Singapore?
Entirely due to low turnover/large spreads.

On HKEx yesterday, E & E was quoted as HK$12.66 (buy) to HK$15.8 (sell), which translates to about US$1.61 to US$2.01, a huge spread. The closing price was HK$15.8, based on one small trade, up HK$2.2. Good chance that there will be a big percentage fall of this counter, on HKEx, at some point next week. The 'price' of HK$15.8 is likely just a transient blip.

On SGX the buy side was queued at US$1.63, the sell at $1.65, last done $1.65. Ignoring the froth in Hong Kong, the underlying price looks comparable.

The current price is cum dividend of 8c, so there will be a significant reset when it goes ex-dividend.

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14-04-2018, 03:45 PM,
Post: #22
RE: Elec & Eltek Int Co
(14-04-2018, 01:12 PM)Dosser Wrote: The closing price was HK$15.8, based on one small trade

This is what I'm seeing (Source):

[Image: ttKY4Ff.png]

Yesterday's trades were all done @ HK 15.80, and the volume is the 2nd biggest in the last 1 year.

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14-04-2018, 06:47 PM,
Post: #23
RE: Elec & Eltek Int Co
(14-04-2018, 03:45 PM)lanoitar Wrote:
(14-04-2018, 01:12 PM)Dosser Wrote: The closing price was HK$15.8, based on one small trade

This is what I'm seeing (Source):

[Image: ttKY4Ff.png]

Yesterday's trades were all done @ HK 15.80, and the volume is the 2nd biggest in the last 1 year.
You are right - i missed the fact it was 100k, not 100. It will be interesting to see what happens next week, as it could still be a blip, but maybe not. I should have been more observant as I have been vested over many years and added to my holding a week ago,

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