Shandong Hi-Speed (412 HK): Now Overshot To The Downside
In What’s Up (& Up) With Shandong Hi-Speed (412 HK)?, I thought Shandong Hi-Speed Holdings (412 HK) was a bubble after gaining 190% in the past six months.
My guess was that SDHG’s high shareholder concentration was still very much present, and the stock was getting (unjustly) squeezed.
The SFC concurred on the 18th September, and issued a concentration warning. SDHG’s shares cratered 76% on the 19th September, before recovering 49%. Quite the ride.
The Trade:
I’d look to get some exposure here. But I wouldn’t chase it.
I doubt the days of large share price gyrations are a thing of the past.
Keep reading with a 7-day free trial
Subscribe to Hong Kong/China M&A/Events to keep reading this post and get 7 days of free access to the full post archives.