PTR USA price 74$ per share.
PTR China prcie 9 yuans per share.
Each USA PTR share equals to 100 Chinese petro China shares. Exchange rate now stands at 6.4.
If the USA PTR shares are to be traded the same as in China, it should be traded at 130-140$ per share. This is almost 50% discount. Why????? What am I missing? Anyone?
9 yuans x100 shares / 6.4 exchange = 140$ per share
Sentiment: Strong Buy