StubWorld: Shenzhen Int'l (152 HK) Trading "Cheap" To SZ E'way

• Shenzhen International (152 HK) is coming up cheap to 47.3%-held subsidiary Shenzhen Expressway (600548 CH)/Shenzhen Expressway H (548 HK).

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The Trade:

• Shenzhen International (152 HK) is often viewed as a proxy to Shenzhen Expressway (600548 CH)/Shenzhen Expressway Co H (548 HK).

• I feel I might be a tad late to the party after this recent move in SIHL.

• Still, I’d prefer to be reversing the stub here - short SIHL, long 548.