ADRs
More European Companies Delist from the NYSE
The exodus of European firms from delisting their stocks on the New York Stock Exchange continue to climb. On Friday German auto maker Daimler AG(DAI) became the latest company to announce plans to delist from the NYSE. This follows the announcement of Deutsche Telekom AG (DT) two weeks ago to delist from the exchange. After these two delistings, just four of the large German companies will trade on the NYSE.
French insurer AXA SA already trades on the OTC markets. Hellenic Telecom(OTE) of Greece has also announced plans to delist from the Big Board.
According to a Wall Street Journal article, some of the reasons for the delistings from the NYSE include:
- Many European firms view US listing as a liability
- Foreign investors are able to invest directly via electronic trading platforms in their domestic markets
- Listing requirements have risen on overseas markets
- Cost of complying to U.S. regulations such as the Sarbanes-Oxley Act has become burdensome
- The prestige of a US listing has faded since Enron and the financial crisis
- The daily trading volume of stock relative to global trading volume is lower for some companies
With the removal of Daimler and Deutsche Telekom, the only four German companies that will continue to trade on the NYSE are Siemens (SI), Deutsche Bank(DB), Fresenius Medical Care(FMS) and SAP AG(SAP).
Other European firms that have already delisted their stock from the NYSE are:
- Allianz (OTC: AZSEY)
- Infineon Technologies (OTC: IFFNY)
- Qimonda (OTC: QMNDQ)
- Altana
- Epcos
- Bayer (OTC: BAYRY)
- Pfeiffer Vacuum Technology
- E.ON AG (OTC: EONGY)
- BASF Group (OTC: BASFY)
- SGL Carbon
However some firms such as E.ON continue to trade on the OTC markets as noted above.
The full list of German stocks that trade on the US markets can be found here.
A Review of Luxottica and Wacoal
Luxottica Group (LUX) and Wacoal (WACLY) operate in the personal goods sector.
1. Luxottica Group(LUX):
Milan, Italy-based Luxottica is the maker of prescription frames and sunglasses. From the corporate site:
“With net sales of euro €5.2 billion, 61,000 employees and a solid global presence, Luxottica leads the world in premium, luxury and sports eyewear.”
Retail sales acocunt for 60% and wholesale for 40%. Net sales in North America amounts to 59% with the rest in parts of the world.Some of the brands owned and licensed by the company include Ray-Ban, the world’s best known sun brand, Oakley, Vogue, Persol, Oliver Peoples, Arnette and REVO, Bvlgari, Burberry, Chanel, Dolce & Gabbana, Donna Karan, Polo Ralph Lauren, Prada, Salvatore Ferragamo, Tiffany and Versace. In North America the company owns over 900 LensCrafters stores.
In third quarter 2009, the net income was $118.9M from a revenue of $1.75B.
2. Wacoal Holdings (WACLY):
Japanese company Wacoal Holdings through its “subsidiaries and affiliated companies, is engaged in the manufacture, wholesale and direct sales to consumers (for some products) of intimate apparel (mainly women’s foundation garments, lingerie, nightwear and children’s underwear), outerwear, sportswear, and other textile products and accessories.”
The Complete List of Industrial Engineering ADR stocks
The Complete List of Industrial Engineering ADR stocks traded in the organized US exchanges is listed below together with the 2009 returns:
| S.No. | Company | Ticker | Country | 2009 Returns |
|---|---|---|---|---|
| 1 | ABB | ABB | Switzerland | 27.25% |
| 2 | CNH Global | CNH | Netherlands | 60.13% |
| 3 | Kubota | KUB | Japan | 27.86% |
| 4 | Tata Motors | TTM | India | 278.88% |
The Complete List of Utility ADRs
The Complete List of Utility ADRs with their current dividend yields and 2009 returns are listed below:
| S.No. | Company | Ticker | Dividend Yield as of Dec 31,2009 | Country | 2009 Returns |
|---|---|---|---|---|---|
| 1 | Centrais Eletricas Brasileiras-Eletrobras | EBR | n/a | Brazil | 88.81% |
| 2 | Comp. Paranaense de Energia-COPEL | ELP | 0.30% | Brazil | 103.51% |
| 3 | Companhia Energetica de Minas Gerais-CEMIG | CIG | 2.17% | Brazil | 64.33% |
| 4 | CPFL Energia | CPL | 6.44% | Brazil | 58.13% |
| 5 | Duoyuan Global Water | DGW | n/a | China | n/a |
| 6 | Edenor | EDN | n/a | Argentina | 97.50% |
| 7 | Endesa-Empresa Nacional de Electricidad | EOC | 1.99% | Chile | 50.10% |
| 8 | Enersis | ENI | 2.11% | Chile | 79.43% |
| 9 | Huaneng Power International | HNP | 2.61% | China | -23.24% |
| 10 | Korea Electric Power | KEP | n/a | Korea | 25.24% |
| 11 | MetroGas | MGS | n/a | Argentina | 128.42% |
| 12 | National Grid | NGG | 4.22% | United Kingdom | 7.77% |
| 13 | SABESP | SBS | n/a | Brazil | 61.59% |
| 14 | Ultrapar | UGP | 2.00% | Brazil | 108.54% |
| 15 | Veolia Environnement | VE | 5.08% | France | 3.69% |
The Complete List of Australian ADRs Traded on the OTC Markets
Some of the large Australian companies trade on the OTC markets as sponsored ADRs in the US instead of the organized exchanges. A few of these high quality Australian companies are Australia & New Zealand banking Group Ltd (OTC:ANZBY), Common Wealth Bank of Australia (OTC: CMWAY), Telstra Corp, etc.
The Complete List of Australian ADRs Traded on the OTC Markets are listed below:
| S.No. | Name | Ticker | Sector |
|---|---|---|---|
| 1 | ADMIRALTY RESOURCES NL | ARYRY | Gold/Precious Metals Mining |
| 2 | ADVANCED OCULAR SYSTEMS LTD | AVOSY | Health Care |
| 3 | AGENIX LTD | AGXLY | Biotechnology |
| 4 | ALCHEMIA LTD | AEMAY | Health Care |
| 5 | ALPHA TECHNOLOGIES CORP LTD | ATFFY | Electronics |
| 6 | AMCOR LTD | AMCRY | Containers/Packaging |
| 7 | ANTISENSE THERAPEUTICS LTD | ATHJY | Health Care |
| 8 | AQUARIUS PLATINUM LTD | AQPTY | Metals Mining |
| 9 | ARTURUS CAPITAL LTD | LFEFY | Health Care |
| 10 | AUSTAL LTD | AUTLY | Engineering & Construction |
| 11 | AUSTRALIA & NEW ZEALAND BANKING GROUP LTD | ANZBY | Financial |
| 12 | AUSTRALIS AQUACULTURE LTD | AUQCY | Foods |
| 13 | AVANTOGEN LTD | AVAOY | Biotechnology |
| 14 | BIONOMICS LTD | BMICY | Biotechnology |
| 15 | BIOTA HOLDINGS LTD | BTAHY | Health Care |
| 16 | BONE MEDICAL LTD | BMEDY | Services |
| 17 | BORAL LTD | BOALY | Building Materials |
| 18 | BOULDER STEEL LTD | BLSTY | Metals Mining |
| 19 | BRAVURA SOLUTIONS LTD | BRVSY | Computer Software |
| 20 | CAPE RANGE WIRELESS LTD | CRWZY | Electric Companies |
| 21 | CARRICK GOLD LIMITED | CKGDY | Gold/Precious Metals Mining |
| 22 | CELL AQUACULTURE LTD | CQACY | Foods |
| 23 | CHEMGENEX PHARMACEUTICALS LTD | CXSPY | Health Care |
| 24 | CITIGOLD CORP LTD | CTOHY | Gold/Precious Metals Mining |
| 25 | CLINUVEL PHARMACEUTICALS LTD | CLVLY | Health Care |
| 26 | CMA CORP LTD | CMANY | Machinery |
| 27 | COCA-COLA AMATIL LTD | CCLAY | Beverages |
| 28 | COMMONWEALTH BANK OF AUSTRALIA | CMWAY | Banks |
| 29 | COMPUTERSHARE LTD | CMSQY | Services |
| 30 | CUE ENERGY RESOURCES LTD | CUEYY | Oil & Gas |
| 31 | DARK BLUE SEA LIMITED | DKBLY | Insurance Brokers |
| 32 | DOMINION MINING LTD | DMNOY | Metals Mining |
| 33 | EASTERN STAR GAS LTD | ESGLY | Oil & Gas |
| 34 | ENVIROMISSION LTD | EVOMY | Power Producers |
| 35 | ERG LTD | ERGJY | Electronics |
| 36 | FIRST AUSTRALIAN RESOURCES LTD | FARYY | Oil & Gas |
| 37 | FOSTERS GROUP | FBRWY | Beverages |
| 38 | FREEDOM EYE LTD | FEYEY | Biotechnology |
| 40 | GREAT FINGALL MINING CO | GRFMY | Metals Mining |
| 41 | GVM METALS LTD | GVMMY | Metals Mining |
| 42 | HERALD RESOURCES LTD | HRECY | Metals Mining |
| 43 | HYDROMET CORP LTD | HYRCY | Waste Management |
| 44 | IMMURON LTD | IMROY | Health Care |
| 45 | IMPACT CAPITAL LIMITED | IPCDY | Financial |
| 46 | IMPERIAL ONE LTD | IMWNY | Internet |
| 47 | INDUSTREA LTD | IULTY | Machinery |
| 48 | INTEC LTD | ICLJY | Metals Mining |
| 49 | IRONBARK GOLD LTD | IRBGY | Gold/Precious Metals Mining |
| 50 | KINGSGATE CONSOLIDATED LTD | KSKGY | Gold/Precious Metals Mining |
| 51 | LEND LEASE CORP LTD | LLESY | Real Estate |
| 52 | LEYSHON RESOURCES LTD | LYRSY | Gold/Precious Metals Mining |
| 53 | LINC ENERGY LTD | LNCGY | Oil & Gas |
| 54 | LIVING CELL TECHNOLOGIES LTD | LVCLY | Biotechnology |
| 55 | MACQUARIE GROUP LIMITED | MQBKY | Savings & Loan Companies |
| 56 | MEO AUSTRALIA LTD | MEOAY | Oil & Gas |
| 57 | MESOBLAST LTD | MBLTY | Biotechnology |
| 58 | METABOLIC PHARMACEUTICALS LTD | MBLPY | Health Care |
| 59 | METAL STORM LTD | MTSXY | Electronics |
| 60 | METCASH TRADING LTD | MHTLY | Foods |
| 61 | MILLEPEDE INTERNATIONAL LTD | MLLPY | Metal Fabricators |
| 62 | MONARO MINING NL | MNOMY | Gold/Precious Metals Mining |
| 63 | MONTERAY GROUP LTD | MRYGY | Financial |
| 64 | NATIONAL AUSTRALIA BANK LTD | NABZY | Financial |
| 65 | NEPTUNE MARINE SERVICES LIMITED | NPTMY | Services |
| 66 | NEW TEL LTD | NWLLQ | Communications Equipment |
| 67 | NEWCREST MINING LTD | NCMGY | Gold/Precious Metals Mining |
| 68 | NEWSAT LIMITED | NWTLY | Internet |
| 69 | NKWE PLATINUM LTD | NKWEY | Gold/Precious Metals Mining |
| 70 | NORTH AUSTRALIAN DIAMONDS LIMITED | NADLY | Metals Mining |
| 71 | NORWOOD ABBEY LTD | NABYY | Health Care |
| 72 | OCCUPATIONAL & MEDICAL INNOVATIONS LTD | OCPMY | Health Care |
| 73 | ORBITAL CORP LTD | OBTLY | Services |
| 74 | OZ MINERALS LTD | OZMLY | Gold/Precious Metals Mining |
| 75 | PETSEC ENERGY LTD | PSJEY | Oil & Gas |
| 76 | PHARMAXIS LTD | PXSLY | Health Care |
| 77 | PHOSPHAGENICS LIMITED | PPGNY | Financial |
| 78 | PRIME MINERALS LTD | PMLDY | Gold/Precious Metals Mining |
| 79 | PROBIOMICS LTD | PRBMY | Biotechnology |
| 80 | PRYME OIL AND GAS LTD | POGLY | Oil & Gas |
| 81 | QRSCIENCES HOLDINGS LTD | QRSNY | Electronics |
| 82 | QRXPHARMA LTD | QRXPY | Health Care |
| 83 | QUANTUM ENERGY LTD | QUEGY | Holding Companies |
| 84 | REDFLEX HOLDINGS LTD | RFLXY | Manufacturing |
| 85 | Sam's Seafood Holdings | SMSFY | Foods |
| 86 | SILEX SYSTEMS LTD | SILXY | Oil & Gas |
| 87 | SONS OF GWALIA LTD | SOGAY | Gold/Precious Metals Mining |
| 88 | SOUTHERN PACIFIC PETROLEUM N.L. | SPPTY | Oil & Gas |
| 89 | ST BARBARA LTD | STBMY | Metals Mining |
| 90 | STAGING CONNECTIONS GROUP LIMITED | STGFY | Internet |
| 91 | STARPHARMA HOLDINGS LTD | SPHRY | Health Care |
| 92 | TABCORP HOLDINGS LTD | TABCY | Lodging-Hotels |
| 93 | TELESSO TECHNOLOGIES LTD | TLSOY | Biotechnology |
| 94 | TELSTRA CORP LTD | TLSYY | Integrated Telecom |
| 95 | UXC LTD | UXCLY | Specialty Communications |
| 96 | VENTRACOR LTD | VTCRY | Health Care |
| 97 | VICTORIA PETROLEUM NL | VPEMY | Oil & Gas |
| 98 | VILLAGE ROADSHOW LTD | VLRDY | Entertainment |
| 99 | VILLAGE ROADSHOW LTD | VLRPY | Entertainment |
| 100 | VIRALYTICS LTD | VRACY | Biotechnology |
| 101 | WESTFIELD GROUP | WFGPY | Engineering & Construction |
| 102 | WESTRALIAN GAS AND POWER LTD | WGPRY | Oil & Gas |
| 103 | WHITE ENERGY CO LTD | WECFY | Non-Metals Mining |
| 104 | WOODSIDE PETROLEUM LTD | WOPEY | Oil & Gas |
The Complete List of Hong Kong ADRs Traded on the OTC Markets
Some of the large Hong Kong-based companies trade on the OTC markets as sponsored ADRs in the US. Some of these companies include Cathay Pacific Airways, Bank of East Asia, Hutchinson Telecom, Shangri-La Asia, Hang Seng Bank, etc.
The Complete List of Hong Kong ADRs Traded on the OTC Markets are listed in the table below:
| S.No. | Name | Ticker | Sector |
|---|---|---|---|
| 1 | APPLIED DEVELOPMENT HOLDINGS LIMITED | ADHLY | Holding Companies |
| 2 | ARTEL SOLUTIONS GROUP HOLDINGS LTD | ADGHY | Computer Services |
| 3 | ASAT HOLDINGS LTD | ASTTY | Semiconductors |
| 4 | ASIAN UNION NEW MEDIA GROUP LTD | AUNOY | Investment Trust |
| 5 | BANK OF EAST ASIA | BKEAY | Banks (Major Regional) |
| 6 | BEIJING ENTERPRISES HOLDINGS LTD | BJINY | Holding Companies |
| 7 | BOC HONG KONG HOLDINGS LTD | BHKLY | Holding Companies |
| 8 | CATHAY PACIFIC AIRWAYS LTD | CPCAY | Airlines |
| 9 | CHEVALIER INTERNATIONAL HOLDINGS LTD | CHVLY | Homebuilding |
| 10 | CHEVALIER PACIFIC HOLDINGS LTD | COAZY | Engineering & Construction |
| 11 | CHINA PHARMACEUTICAL GROUP LTD | CHPTY | Health Care (Drugs/Pharms) |
| 12 | CHINA RESOURCES ENTERPRISE | CRHKY | Financial (Diversified) |
| 13 | CHINA SOLAR ENERGY HOLDINGS LTD | CSEHY | Leisure Time (Products/Service |
| 14 | CHINA STRATEGIC HOLDINGS LTD | CSHYY | Investment Management |
| 15 | CITIC PACIFIC LTD | CTPCY | Retail-Specialty |
| 16 | CITY E-SOLUTIONS LTD | CTYSY | Lodging-Hotels |
| 17 | CLP HOLDINGS LTD | CLPHY | Electric Companies |
| 18 | COL CAPITAL LTD | COLRY | Specialty Communications |
| 19 | CP POKPHAND CO | CPKPYX | Foods |
| 20 | DAIWA ASSOCIATE HOLDINGS | DAWXY | Electronics |
| 21 | DYNAMIC GLOBAL HOLDINGS LTD | DYGHY | Holding Companies |
| 22 | E-KONG GROUP LTD | EKONY | Holding Companies |
| 23 | EMPEROR INTERNATIONAL HOLDINGS | EPRRY | Investment Management |
| 24 | ENM HOLDINGS LTD | ENMHY | Multi-Industry |
| 25 | EPI HOLDINGS LTD | EPIHY | Diversified Metals |
| 26 | FAR EAST PHARMACEUTICAL TECH | FEPTY | Biotechnology |
| 27 | FIRST PACIFIC CO | FPAFY | Multi-Industry |
| 28 | FREEMAN CORPORATION LIMITED | FRMXY | Retail Stores-Food Chains |
| 29 | GALAXY ENTERTAINMENT GROUP LIMITED | GXYEY | Building Materials |
| 30 | GLORIOUS SUN ENTERPRISES LTD | GSUNY | Retail Specialty-Apparel |
| 31 | GOLD PEAK INDUSTRIES HOLDING LTD | GPINY | Holding Companies |
| 32 | GOLDEN RESOURCES DEVT. INTL. | GDRPY | Foods |
| 33 | GRANEAGLE HOLDINGS LTD | GEGHY | Manufacturing (Specialized) |
| 34 | GREATERCHINA TECHNOLOGY GROUP LTD | GCTGY | Health Care (Drugs/Pharms) |
| 35 | GUANGNAN HOLDINGS | GUGHY | Foods |
| 36 | GUANGZHOU INVESTMENT CO LTD | GUAZY | Real Estate |
| 37 | HANG LUNG GROUP LTD | HNLGY | Real Estate |
| 38 | HANG LUNG PROPERTIES LTD | HLPPY | Real Estate |
| 39 | HANG SENG BANK LTD | HSNGY | Banks (Major Regional) |
| 40 | HANNY HOLDINGS LTD | HNNYY | Computers (Peripherals) |
| 41 | HENDERSON INVESTMENT LTD | HDVTY | Real Estate |
| 42 | HENDERSON LAND DEVELOPMENT | HLDCY | Real Estate |
| 43 | HONG KONG & CHINA GAS CO | HOKCY | Natural Gas-Distr-Pipe Line |
| 44 | HONG KONG AIRCRAFT ENGINEERG | HKAEY | Aerospace/Defense |
| 45 | HONG KONG ELECTRIC HOLDINGS | HGKGY | Electric Companies |
| 46 | HONG KONG HEALTH CHECK & LABORATORY HOLDINGS CO LTD | HKHLY | Consumer Electronics |
| 47 | HOPEWELL HIGHWAY INFRASTRUCTURE LTD | HHILYX | Engineering & Construction |
| 48 | HOPEWELL HOLDINGS | HOWWY | Real Estate |
| 49 | HUTCHISON TELECOMMUNICATIONS HONG KONG HOLDINGS LTD | HTHKY | Telecommunications |
| 50 | HYSAN DEVELOPMENT CO LTD | HYSNY | Real Estate |
| 51 | I-CABLE COMMUNICATIONS LTD | ICABY | Broadcasting (TV,Radio,Cable |
| 52 | IMAGI INTERNATIONAL HOLDINGS LTD | IINHY | Entertainment |
| 53 | JINHUI HOLDINGS LTD | JHUHY | Shipping |
| 54 | JINHUI SHIPPING & TRANSPORT | JNSTY | Shipping |
| 55 | JOHNSON ELECTRIC HOLDINGS LTD | JELCY | Electrical Equipment & Compone |
| 56 | K WAH INTERNATIONAL HOLDINGS LTD | KWHAY | Engineering & Construction |
| 57 | LEE & MAN PAPER MANUFACTURING LTD | LMPMY | Paper & Forest Products |
| 58 | LENOVO GROUP LTD | LNVGY | Computer Hardware |
| 59 | LOUDONG GENERAL NICE RESOURCES CHINA HOLDINGS LTD | SNGRY | Coal |
| 60 | MTR CORP | MTRJY | Miscellaneous Transportation |
| 61 | NEW WORLD DEVELOPMENT LTD | NDVLY | Financial (Diversified) |
| 62 | PCCW LTD | PCCWY | Internet |
| 63 | PYI CORPORATION LTD | PYIFY | Engineering & Construction |
| 64 | ROYALE FURNITURE HOLDINGS LTD | RYLHY | Household Furnishings & App |
| 65 | SCMP GROUP LTD | SCPXY | Publishing-Newspapers |
| 66 | SEE CORP LIMITED | SCPLY | Electronics |
| 67 | SHANGHAI INDUSTRIAL HOLDINGS LTD | SGHIY | Manufacturing (Diversified) |
| 68 | SHANGRI-LA ASIA LTD | SHALY | Lodging-Hotels |
| 69 | SHUN TAK HOLDINGS LTD | SHTGY | Financial (Diversified) |
| 70 | SINO LAND CO | SNLAY | REIT-Mixed Properties |
| 71 | SMARTONE TELECOMMUNICATIONS HOLDING LTD | STTFY | Cellular/Wireless Telecomms |
| 72 | STARLIGHT INTERNATIONAL HLDG | SIHLY | Electrical Equipment & Compone |
| 73 | SUN HUNG KAI PROPERTIES LTD | SUHJY | Real Estate |
| 74 | SWIRE PACIFIC LTD | SWRAY | Multi-Industry |
| 76 | TAI CHEUNG HOLDINGS | TAICY | Financial (Diversified) |
| 77 | TECHTRONIC INDUSTRIES CO | TTNDY | Manufacturing (Specialized) |
| 78 | TELEVISION BROADCASTS LTD | TVBCY | Broadcasting (TV,Radio,Cable |
| 79 | THEME INTERNATIONAL HOLDINGS LIMITED | THIHY | Textiles |
| 80 | THIZ TECHNOLOGY GROUP LTD | THIZY | Computer Services |
| 81 | TOMORROW INTERNATIONAL HOLDINGS LTD | TIHDY | Electronics |
| 82 | TRULY INTERNATIONAL HOLDINGS | TRUHY | Holding Companies |
| 83 | UDL HOLDINGS LTD | UDLHY | Engineering & Construction |
| 84 | VARITRONIX INTERNATIONAL LTD | VARXY | Manufacturing (Specialized) |
| 85 | VODATEL NETWORKS | VTNWY | Computers (Networking) |
| 86 | VTECH HOLDINGS LTD | VTKHY | Consumer Electronics |
| 87 | WELLING HOLDING LTD | WLLHY | Holding Companies |
| 88 | WING HANG BANK LTD | WGHGY | Banks (Major Regional) |
| 89 | WO KEE HONG HOLDINGS LTD | WKHHY | Distributors (Durables) |
| 90 | XINHUA FINANCE LTD | XHFNY | Computer Software |
| 91 | XPRESS GROUP LTD | XPSSY | Financial (Diversified) |
