0832 GMT [Dow Jones] Sinotel (D3W.SG) hits highest level since June 2008, last +12.1% at S$0.325 in heavy volume after resuming trade following announcement company in discussions to establish ADR facility in U.S., with shares to be traded on over-the-counter market. Shares rising on "hopes ADR will bring better liquidity, allow overseas investors access to the shares," says local analyst. But company says it hasn't yet engaged any parties for preparatory work, no guarantee preparatory work will lead to ADR. Company "only at discussion stage at present," adds analyst. (LES)
