Why does the SK Hynix ADR (P/E 23.1) trade at a 33% premium over its local shares, 000660.KS (P/E 17.3)?
Does this mean anyone in the US buying SK Hynix stock is paying a 33% premium just to hold the same shares?
How long can this premium last?
Why does the SK Hynix ADR (P/E 23.1) trade at a 33% premium over its local shares, 000660.KS (P/E 17.3)?
Does this mean anyone in the US buying SK Hynix stock is paying a 33% premium just to hold the same shares?
How long can this premium last?