Yancoal ASX:YAL is the largest pure-play coal miner in Australia. They have a secondary listing in Hong Kong HKEX:3668.
The shares rank equally and pay largely the same net dividends (2021 Australian dividend was fully non-franked). So, they ought to trade at the same price.
Today, 3668 is trading at close to 10% discount.
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Prices came back in line today. This reinforces the theory that we had a genuine arb. A stock to watch in the future.
Thanks and excellent work on sharing your first post with the community. Hope you liked the experience. Hope it is one of many :) 🙌🏽 @Nico.Muselle for the TradingView mods
🙌🏽 @Nico.Muselle for the TradingView mods