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ADR Daily Report (Yahoo Finance) | The Market Mavens Report: Global Markets
Issue | CUSIP | Exchange | Symbol | Ratio* | Industry | |
BEIJING YANHUA PETROCHEMICAL CO., LTD. | 07725N108 | NYSE | BYH | 1: | 50 | CHM |
CHINA EASTERN AIRLINES CORP. LTD. | 16937R104 | NYSE | CEA | 1: | 100 | AIR |
CHINA SHIPPING DEV COMPANY LTD | 169408200 | OTC | CSDXY | 1: | 50 | TRN |
CHINA SHIPPING DEV COMPANY LTD. 144A | 169408101 | 144A | CSDWY | 1: | 100 | TRN |
CHINA SOUTHERN AIRLINES COMPANY LTD. | 169409109 | NYSE | ZNH | 1: | 50 | AIR |
CHINA TELECOM (HONG KONG) LIMITED | 169428109 | NYSE | CHL | 1: | 20 | TEL |
GUANGSHEN RAILWAY COMPANY LIMITED | 40065W107 | NYSE | GSH | 1: | 50 | TRN |
GUANGZHOU SHIPYARD INT'L.CO.LTD."H"SHS. | 400656104 | OTC | GSHIY | 1: | 10 | SHP |
HARBIN POWER EQUIPMENT COMPANY LTD 144A | 411459100 | 144A | HPECYP | 1: | 100 | EEI |
HUANENG POWER INTERNATIONAL, INC. | 443304100 | NYSE | HNP | 1: | 40 | UTI |
JILIN CHEMICAL INDUSTRIAL COMPANY LTD. | 477418107 | NYSE | JCC | 1: | 100 | CHM |
MAANSHAM IRON & STEEL LTD. 144A | 554059105 | 144A | MIS144A | 1: | 100 | STE |
QINGLING MOTOR COMPANY, LTD. GDR | 747278100 | 144A | QINGDR | 1: | 50 | AUT |
SHANDONG HUANENG POWER "N" SHARES | 819419102 | NYSE | SH | 1: | 50 | UTI |
SHANGHAI CHLOR-ALKALI CHEMICAL CO., LTD. | 819422106 | OTC | SLLBY | 1: | 10 | CHM |
SHANGHAI ERFANGJI CO. LTD. "B" | 819423104 | OTC | SHFGY | 1: | 10 | MAC |
SHANGHAI JINQIAO PROCESSING DEV CO. LTD. | 81942J109 | OTC | SJQIY | 1: | 10 | RES |
SHANGHAI LUJIAZUI FINANCE TRADE ZONE DEV | 81942W100 | OTC | SLUJY | 1: | 5 | RES |
SHANGHAI OUTER GAOQIAO FTZ DEV. CO. LTD. | 818902108 | OTC | SGOTY | 1: | 5 | MUL |
SHANGHAI PETROCHEMICAL COMPANY LIMITED | 819424102 | NYSE | SHI | 1: | 100 | CHM |
SHANGHAI TYRE AND RUBBER CO. LTD. | 819425109 | OTC | SIRHY | 1: | 10 | RUB |
SHENZHEN S.E.Z. REAL ESTATE AND PROP. | 823220108 | OTC | SZPRY | 1: | 10 | RES |
TSINGTAO BREWERY COMPANY LIMITED | 898529102 | OTC | TSGTY | 1: | 10 | BEV |
YANZHOU COAL MINING COMPANY LIMITED | 984846105 | NYSE | YZC | 1: | 50 | COA |
YIZHENG CHEMICAL FIBRE COMPANY 144A | 985841105 | 144A | YCF144A | 1: | 100 | CHM |
ZHEJIANG SE ELECTRIC POWER CO LTD. 144A | 98949U101 | 144A | ZHJGYP | 1: | 50 | EES |
* Ratio: You'll probably notice a significant difference in price
of the stock, traded as an ADR and on its home exchange. You can easily
calculate an over- or undervaluation (and, of course, a fair valuation). All
you need is the ratio of ADR to stock, as listed in the table above, and the
exchange rate of the US-Dollar to this country's currency. The following,
generalized example explains how to calculate. On June 26, 1998, the Swiss ADR Sulzer Medica, with a ratio of 10:1, was priced USD 24 7/8. In Zurich, its home exchange, Sulzer traded at 379 Swiss Francs. The Dollar/Franc - Exchange rate was 1.526 (1 Dollar buys 1.526 Swiss Francs). Now we can calculate: Multiply the price in Dollar with the ratio (10): 24 7/8 x 10=USD 248.75. With other words, ten ADR's equal one share of Sulzer Medica and will cost you $248.75 (excluding transaction costs). Now you multiply this Dollar-amount with the exchange rate: $248.75 x 1.526=SFR 379.59. The ADR has been valued fair. The Bank of New York offers free software, which does all the calculation. |