![techcomp_duallisting_cf-001](/images/stories/Techcomp/techcomp_duallisting_cf-001.jpg)
Share price for T+30D = share price 30 days after dual listing in HK. Source: Bloomberg
![richardlo_350](/images/stories/Techcomp/richardlo_350.jpg)
TECHCOMP HOLDINGS, which is Singapore-listed, is among a few stocks that have performed well after a dual listing in Hong Kong.
Its stock price has firmed up, as has the average daily value of its trading volume on the HK bourse, suggesting a rising interest in the stock in Hong Kong.
Headquartered in Hong Kong, Techcomp is a manufacturer of highly advanced scientific instruments, analytical instruments, life science equipment and laboratory instruments.
It is also a distributor for Hitachi of Japan.
Finanial PR (HK) has helped Techcomp in roadshows, media coverage and analysts reports to increase the liquidity of the stock and capture market attention.
![tech_profit_feb12-001](/images/stories/Techcomp/tech_profit_feb12-001.jpg)
Techcomp had a commendable FY2011 financial result released in February.
Excluding non-recurring items (especially US$2.8 million in expenses for the dual-listing exercise), the adjusted net profit increased by 13.8% to US$11.2 million.
Another stock that has done well post-dual listing is CapitaMalls Asia.
Other points to highlight from the tables:
> Except for Techcomp, the dual listed stocks had a decline in daily trading value (in the periods subsequent to 'T-T+30D) on both HK & SGX.
> The dual listings happened at different times with some going back to 2007. The price and volume performance of a stock post dual-listing could be affected by several factors such as its earnings result and the prevailing market sentiment.
![techcomp_duallisting_cf_2](/images/stories/Techcomp/techcomp_duallisting_cf_2.jpg)
ADVT from T to T+30D = average daily value traded in the 30 days since dual listing. Source : Bloomberg
Recent stories:
TECHCOMP is 'attractive', ADAMPAK target 36 cents
TECHCOMP: Record US$11.2 m profit in 2011 after adjusting for one-offs
Comments
what the hell is going on??
Techcomp has a trading of almost 2 million shares in Hong Kong. The share price is HKD 3.04 (about SGD 50 cents)