2021 Week 22
LHN, Keong Hong, Testing Positions
For this week, we had sold off Keong Hong and LHN.
LHN was purchased under the statistical strategy after LHN released a series of public articles which explained their capital allocation policy. Since the HKEX price is trading at a significant discount to the SGX price, the decision is to buy the lower price HKEX stock instead. With …