[UBS: Buy SK Hynix's Upcoming ADR, Sell Its Seoul-Listed Shares] According to a report by Jinse Finance on July 7, UBS Group stated that investors should buy the American Depositary Receipts (ADR) that SK Hynix plans to issue and sell the chipmaker's shares listed in Korea, as the former may trade at a premium. The Swiss bank's sales and trading division noted in a report to clients that these ADRs might be more attractive to investors such as hedge funds due to higher efficiency and lower costs. The report also mentioned that some global portfolio managers who do not hold its Seoul-listed shares might also be able to purchase these U.S. securities. 'Going long on its ADR and shorting its Korean shares from day one seems like a no-brainer,' the UBS report stated. 'Given that an ADR discount scenario is unlikely to occur, the risk is very limited, making this a trade that can be executed on a large scale.'