Can Someone Explain Same Stock on Different Exchanges to me... | TigerDroppings.com

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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

Can Someone Explain Same Stock on Different Exchanges to me...


So I was wondering if a seasoned investor can help a fairly new investor out....

I read something I was very intrigued by about the future of Sinopec and Bank of China and the Hong Kong Shares, now I notice you can buy SNP on the nyse but is that the same thing as the hong kong shares or no?

Also with something like Bank of China, the A and B shares over there, how do you buy those via Etrade, all I can find is BACHF via etrade which is only 50 cents a share....thats not the price I read the shares are at but the same stock,same PE, and yield... it has a PE of 6 and a very high dividend.....








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foshizzle
LSU Fan
Washington DC metro
Member since Mar 2008
29978 posts

re: Can Someone Explain Same Stock on Different Exchanges to me...


There could indeed be different classes of shares. Read the prospectus to be sure.





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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56377 posts

re: Can Someone Explain Same Stock on Different Exchanges to me...


The US shares are called ADR's





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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Can Someone Explain Same Stock on Different Exchanges to me...


Hey thanks, it just confused me bc SNP is on the new york exchange but the article was mentioning the hong kong shares.....and bank of china wasn't on the nyse but rather an OTC vs class A shares over there.....just confused haha, I want in still, just trying to find where I wanna enter

so broke would I want to buy SNP? would I want to buy bachf or bachy? bachf seems more in line with the market cap and yield I read, just the share price is way off...bachy has a 10% yield....but thats the ADR.. if I was wanting to purchase bank of china and sinopec?



This post was edited on 2/21 at 4:08 pm


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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56377 posts

re: Can Someone Explain Same Stock on Different Exchanges to me...


quote:

so broke would I want to buy BACHF and SNP? if I was wanting to purchase bank of china and sinopec?


Brother I don't know. I'm limited to stocks that trade on a US exchange. So I have no idea about those.






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ThaBigFella
LSU Fan
baton rouge
Member since Apr 2006
2043 posts

re: Can Someone Explain Same Stock on Different Exchanges to me...


Thanks broke, I am too.....but I cant turn down a bank with a 5% yield trading at 6x earnings....trying to learn now haha whats funny is I was in china 2 years ago and bank of china was on every corner it was worse than chase here, just read some crazy stuff that piqued my interest and I was looking to buy in via etrade





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Broke
LSU Fan
AKA Buttercup
Member since Sep 2006
56377 posts

re: Can Someone Explain Same Stock on Different Exchanges to me...


I thought Etrade would allow you buy overseas. Maybe I read that wrong somewhere.





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