Alibaba chose to bE listed in NYSE instead of HKSE bcos they are going international and has the capabilities to be at the forefront of Chinese economic growth- soon to overtake USA as the No.1 world economic power. Only small 'kucing kurap' Chinese companies chose to be listed in KLCI. The results therefore is understandable.... KLSE is too small for the big boys-like Aibaba, Baidu...!!
with due respect to klse, it can only handle the tiny ones. among those listed here include some with dubious accounting practice and would not have been accepted for listing in any other stock exchanges.
investing in stocks n shares is not a zero sum game. but having loose or no rules to stop companies not in compliance with accounting and other standards to list their shares in klse leading to losses to local investers is quite another problem. most of the chinese cos listed here are suspects in this regard. thats why the good red chips are not here.
erm need some correction here, HKSE does not allow Alibaba to list in HK because of their unique corporate structure of some listed entity in cayman island, however NYSE doesn't have that requirement therefore they are allow to listed there, which is also why many articles are written to warn investors about investing in Alibaba due to the unique corporate structure
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
alvinchiam
1,555 posts
Posted by alvinchiam > 2014-09-20 06:43 | Report Abuse
WE CHINESE CAN DO IT... HA HA...... U KNOW...?