Guest valueInv Posted July 16, 2010 Share Posted July 16, 2010 Anyone know how can I buy BYD in the US? Where can I find their financial statements ? Thanks. Link to comment Share on other sites More sharing options...
nodnub Posted July 17, 2010 Share Posted July 17, 2010 No offense intended but did you actually try searching for the ticker on any financial websites? Trades as "1211" on the HK exchange. BYDDF is the ADR ticker in the USA. BYDDY is an OTC ticker for 1/10 of a share. Financial statements in English appear to be here... http://bydit.com/doce/investor/BasicInformation/ http://bydit.com/doce/investor/CorporateReport/AnnualReport/AnnualReport2009/ I also found a link to the 2009 annual report English halfway down this page. http://www.todayir.com/e/showcases_details.php?code=1211#0 Link to comment Share on other sites More sharing options...
Guest valueInv Posted July 20, 2010 Share Posted July 20, 2010 Thanks. I was confused by all the listings that got pulled up when I searched for BYD. Link to comment Share on other sites More sharing options...
RRJ Posted July 20, 2010 Share Posted July 20, 2010 Thanks. I was confused by all the listings that got pulled up when I searched for BYD. I've used BYDDY and still own a significant position in this company. This is much more efficient through my Schwab account than BYDDF, which can only be bought through the international desk, which would require at least 500 shares be bought, and charge a $100 commission (compared with no minimal share purchase requirement and the normal $8.95 commission for the BYDDY unsponsored ADR). I have tried to find out if there is any negative to purchasing an unsponsored ADR, but have not found any disadvantages, other than Citigroup's $.02 per share per year as the fee for administering the unsponsored ADR. Does anyone have any counter-information on that: for instance, do unsponsored ADRs have qualities that make them more unstable (other than the obvious one of possible liquidity problems, which can largely be effaced by judicious use of limit orders when buying or selling). Thanks. Link to comment Share on other sites More sharing options...
EricSchleien Posted July 21, 2010 Share Posted July 21, 2010 This should help. I actually didn't even know myself. Looks to me the only disadvantage is if you're a bigtime investor where voting rights matter to you. I pulled this up from Investopedia. "What Does Unsponsored ADR Mean? An American depositary receipt (ADR) that is issued without the involvement of the foreign company whose stock underlies the ADR. Shareholder benefits, voting rights and other attached rights may not be extended to the holders of these particular securities." Source: http://www.investopedia.com/terms/u/unsponsoredadr.asp Link to comment Share on other sites More sharing options...
nodnub Posted July 21, 2010 Share Posted July 21, 2010 Thanks. I was confused by all the listings that got pulled up when I searched for BYD. I've used BYDDY and still own a significant position in this company. This is much more efficient through my Schwab account than BYDDF, which can only be bought through the international desk, which would require at least 500 shares be bought, and charge a $100 commission (compared with no minimal share purchase requirement and the normal $8.95 commission for the BYDDY unsponsored ADR). I have tried to find out if there is any negative to purchasing an unsponsored ADR, but have not found any disadvantages, other than Citigroup's $.02 per share per year as the fee for administering the unsponsored ADR. Does anyone have any counter-information on that: for instance, do unsponsored ADRs have qualities that make them more unstable (other than the obvious one of possible liquidity problems, which can largely be effaced by judicious use of limit orders when buying or selling). Thanks. That should not be the case. Sponsored ADR (BYDDF) should trade for a normal commission. It is a US traded ADR. It should only go through the international desk if you are buying BYD as "1211" on HongKong Exchange. -- confirmed.. my broker only charges regular $9,95 commission on BYDDF. Better to buy BYDDF than BYDDY if there are no voting or other rights attached to the unsponsored ADR (BYDDY) Link to comment Share on other sites More sharing options...
20ppy Posted June 8, 2011 Share Posted June 8, 2011 BYDDY is quoted by yahoo for $3.02 http://finance.yahoo.com/q?s=BYDDF.PK but when I use tdameritrade, it quotes BYDDY for $6.01, same by IB. Why? Link to comment Share on other sites More sharing options...
nodnub Posted June 8, 2011 Share Posted June 8, 2011 BYDDY is quoted by yahoo for $3.02 http://finance.yahoo.com/q?s=BYDDF.PK but when I use tdameritrade, it quotes BYDDY for $6.01, same by IB. Why? no, http://finance.yahoo.com/q?s=byddy&ql=1 is 6.01 on Yahoo. it is byddf that is quoted on yahoo at 3.01. different adr ratio. Link to comment Share on other sites More sharing options...
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