Interested in Alibaba Stocks. What’s the difference between the one in HKEX (HKEX:9988) and in NYSE (NYSE:BABA)?
Currently conducting fundamental analysis on HKEX:9988 and realised that they only did IPO in 2017, hence only 2-3 years of data is available. Is it fair to analyze the one in NYSE:BABA and assume it is the same for HKEX:9988? 9988 is more attractive to me due to its lower price and not needing to pay any taxes.
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BABA is the primary listing(IPOed 2014) and 9988 is the secondary listing(IPOed 2019) for Alibaba Group.
One BABA is equal to 8 shares.
The lot size for BABA is 1 and the lot size for 9988 is 100. Currency for BABA is USD and currency for 9988 is HKD.
Price-wise, there is some positive correlation between BABA and 9988 movements. But not perfect as the market sentiment for the two are slightly different.
As for doing FA, it is the same set of company results.
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The main difference between BABA and 9988 is that BABA is a primary listing, while 9988 is a secondary listing. This means that BABA is the main listing of Alibaba Group on a stock exchange, while 9988 is a secondary listing that is designed to provide investors in certain markets with access to the company's stock.
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