Hutchmed (china) Share Discussion Threads

[steeplejack] 11/3/2022 07:42

Wash­ing­ton has started the clock on en­forc­ing a law that would delist Chi­nese com­pa­nies if U.S. reg­u­la­tors can’t in­spect their au­dit pa­pers for three years in row. Law­mak­ers in the House and Sen­ate have both sep­a­rately passed leg­is­la­tion to shorten the time frame to two years, al­though the two cham­bers would need to pass the same bill be­fore Pres­i­dent Biden could sign it into law.

Wall St Journal,11th March 2022



While the preliminary list doesn't include industry heavyweights such as Tencent and Alibaba, the SEC's move was "another scare" for investors in U.S.-listed tech stocks due to "worries that more companies will be put on the list in the coming months," Citi said.

However, the bank said any real risk of Chinese companies' American depositary shares being delisted likely wouldn't materialize until 2024-2025 given the current regulatory requirements.

"We suggest buying big-cap ADRs that already have dual listing in Hong Kong," Citi said.

Dow Jones News

[1pencil] 10/3/2022 18:16

Aggressive seller has been present for a few days, today's after hours trades are significant volume for HCM - could be arbitrage or seller overhang?


free stock charts from uk.advfn.com

[steeplejack] 10/3/2022 17:55

Chinese stocks are proverbially being stuffed.Alibaba,for example,might be past its prime but its sitting on a PE of 12.2 having fallen two thirds in a little over a year.Savage but unless it conforms with the SEC accounting ruling,i guess it could be delisted from the US.So in the absence of US institutions,unwilling to take the gamble,the stock slowly but surely sinks lower until arguably,as you suggest,a NASDAQ listing can be regarded as positively detrimental.

[nerdofsteel] 10/3/2022 16:51

the frustration for me is that the company's success is now completely irrelevant, there is no normal investment case which can be relied upon. The SEC and the U.S. Govt have effectively made Chinese firms uninvestable, they just don't have the balls to force them all to de-list, they just hope most will exit voluntarily because it's too much hassle.

[steeplejack] 10/3/2022 15:52

Yes,i agree but its very tough on those who have shown commitment and bought stock for US based funds who could become forced sellers.

[nerdofsteel] 10/3/2022 15:36

the NASDAQ listing is proving to be more trouble than it's worth, ditch it and get a listing on STAR and convert London to a Main Listing is my vote

[steeplejack] 10/3/2022 15:36

https://www.sec.gov/files/34-93701-fact-sheet.pdf

[steeplejack] 10/3/2022 15:20

Yes,i think that must be the reason.

[pfm99] 10/3/2022 14:58

It looks like it's the audit issue again - from Stocktwits for BNGE, HCM and others listed have been provisionally identified under Holding Foreign Companies Accountable Act (“HFCAA”) sec.gov/hcfaa. Must reply by 29/3/2022. Another twist on the potential delisting issue

[steeplejack] 10/3/2022 14:50

Thereagain,JD.com of China just announced better than expected year end figures and Wall Street have hammered it 18%.All things Chinese are being pummelled despite the Chinese market being 38% of highs.The price moves are unfathomable.

[nerdofsteel] 10/3/2022 14:43

I agree steeplejack, there is no way this would have lost almost $3bn mcap ytd, / circa $2bn mcap in 1 week unless there was something seriously wrong

[pfm99] 10/3/2022 14:09

BGNE and ZLAB also down 10%= pre-open

[steeplejack] 10/3/2022 13:09

There's something out there which we don't know about.

[nerdofsteel] 10/3/2022 13:06

being dumped again, I can't see any institutional investors touching this now

[steeplejack] 10/3/2022 12:47

Down 10% premarket in USA.No respite

[steeplejack] 09/3/2022 11:11

The stockmarket nowadays is little short of a lottery.The primary difference between investing in equities and betting on the horses or the dogs is that holding equities provides 'daily'access to the casino.The stockmarket is populated with folk who try to make a science out of the largely unknowable,thereby pulling the wool over the eyes of the gullible.The key to successful equity investment is LUCK which invariably involves not being too greedy and balancing fear of failure with cautious optimism.

[nerdofsteel] 09/3/2022 09:43

well at least the LTIP options that have just vested were free to the lucky recipients lmfao

[1pencil] 09/3/2022 09:15

Lets try giving it a nudge ..

[nerdofsteel] 09/3/2022 08:49

A lot of senior leadership team who have joined in the past few years have significant share options at $30+ and that would have been an incentive for many of them to join....ooops

[fionascott1234] 09/3/2022 08:28

Have you tried Gambler's Anonymous?

[cisk] 09/3/2022 07:35

NoS, whilst I do believe there is something more to it, the price drop is mirrored (although by not as much) by several companies I have shares in, three of which announced excellent results this morning and increased dividends.

It’s a buyers market for very little. Market running scared and many bargains out there. I just wish I had more liquid funds to top up on holdings that I perceive are cheap. On the face of it, that includes HCM. However the geopolitical risk prevents me from adding, but will continue to hold. Wtf I’ve been patient from the early days and my investing horizon is still 10 years, so I’ll hang on in (probably foolishly!).

Good luck all.

[steeplejack] 08/3/2022 21:11

Useful,thanks.

[1pencil] 08/3/2022 21:00

The above pattern is repeated on NASDAQ listing also, with a Jan high of 1,773,337

I would need to calculate the free float for percentages but on the surface it does look like there are active shorts present.

[1pencil] 08/3/2022 20:51

Still waiting on replies, in the meantime just checked Crest loan data which is showing 6.69% out on loan for Feb, there is however nothing on Short tracker suggesting any shorts are under 0.5% threshold.

Average stock on loan Crest data by month

6.69% Feb

7.42% Jan

5.79% Dec

3.37% Nov

This would be broadly in line with share price decline too.