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Techcomp's stock in HK has gone up since the dual-listing in Dec 2011.
Share price for T+30D = share price 30 days after dual listing in HK. Source: Bloomberg

 

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Richard Lo, President of Techcomp. NextInsight file photo

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.

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Techcomp's near-consistent profit growth: FY11 had a US$2.8 m expense mainly due to its dual listing exercise in HK

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.

 

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Techcomp's trading volume in HK has risen since its dual listing in Dec 2011.
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



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Comments  

#3 Sid 2012-07-18 17:29
Chen, do you how we can do arbitrage? Will it work if we buy at 43 cents in Singapore and sell in Hk at 50 cents? Sounds workable to me even if the commissions are factored in. Only thing I am not sure of is how it works. My purchase in Singapore gets credited to my CDP, then how to transfer that to HK cdp?
#2 1967Chen 2012-07-18 16:28
In Singapore, only 15 lots traded and the share price is 43 cents.

what the hell is going on??
#1 1967Chen 2012-07-18 16:27
Cannot believe this.

Techcomp has a trading of almost 2 million shares in Hong Kong. The share price is HKD 3.04 (about SGD 50 cents)

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