NYSE listed Foreign Utilities – YTD Performance

Posted by on

We are almost approaching the end of July.Seven months of 2008 have gone by with plenty of drama in the markets on a daily basis. So now is the time to take a step back and look at some of the foreign utilities listed in the New York Stock Exchange and see
how they have fared.

This post can be used as a starting point to identify some high quality dividend yielding foreign utility stocks.

Note: YTD value is as of July 22, 2008.

1.Company: Companhia Energetica de Minas Gerais-CEMIG
Ticker: CIG
Country: Brazil
YTD change: 42.12%

2.Company: CPFL Energia
Ticker: CPL
Country: Brazil
YTD change: 26.60%

3.Company: Endesa-Empresa Nacional de Electricidad
Ticker: EOC
Country: Chile
YTD change: 23.93%

4.Company: SABESP
Ticker: SBS
Country: Brazil
YTD change: 13.40%

5.Company: Ultrapar
Ticker: UGP
Country: Brazil
YTD change: 7.74%

6.Company: Enersis
Ticker: ENI
Country: Chile
YTD change: 6.43%

7.Company: MetroGas
Ticker: MGS
Country: Argentina
YTD change: -6.97%

8.Company: National Grid
Ticker: NGG
Country: UK
YTD change: -17.39%

9.Company: Korea Electric Power
Ticker: KEP
Country: South Korea
YTD change: -25.90%

10.Company: Huaneng Power International
Ticker: HNP
Country: China
YTD change: -27.19%

11.Company: Veolia Environnement
Ticker: VE
Country: France
YTD change: -40.37%

12.Company: Edenor
Ticker: EDN
Country: Argentina
YTD change: -42.05%

Russian Telecom ADR Stock Splits

Posted by on

The following telecom companies from Russia will have their ADR stocks split next month.All have July 24 as the record date.

1.Company:  CENTRAL TELECOMM
Ticker: CRMUY
Split Ratio – 4: 1
Split Record Date: July 24
Ex-Date: Aug 1

2.Company:   NORTH-WEST TELECOMM
Ticker: NWTEY
Split Ratio – 5: 1
Split Record Date: July 24
Ex-Date: Aug 1

3.Company:  SIBERTELECOM 
Ticker: SBTLY
Split Ratio – 4: 1
Split Record Date: July 24
Ex-Date: Aug 1

4.Company:   FAR EAST TELECOM
Ticker: FEEOY
Split Ratio – 6: 1
Split Record Date: July 24
Ex-Date: Aug 1

Two Singapore Bank Stocks

Posted by on

There are two Singapore bank stocks that trade as ADRs in the OTC market. One is DBS Holdings and the other is United Overseas Bank.

Singapore is a tiny city state but has a strong and stable economy. Singapore is one of the financial hub of Asia and is soon becoming the “Switzerland of Asia” due to many foreign banks setting up operations there.

In recent years, Singapore has become a tax haven for offshore investors. This brings huge amount of capital into this small country.As a result Singapore is able to invest in high quality long-term value building projects.One such example is the upgrade of Changi Airport for the double-decker Airbus A380 at a cost of over S$60M.A new hotel/casino is being built in land reclaimed from sea as part of a huge entertainment complex development.

1.DBS Holdings Ltd – DBSDY
One of the main divisions of DBS is the DBS Bank Ltd.It operates some 86 branches in Singapore and has many foreign branches.

The current dividend yield is 4.23% and YTD the stock is down just over 3%.

2.United Overseas Bank Ltd – UOVEY
UOB is one of the large banks of Singapore with more than 500 offices located in many countries.

YTD the stock is down -1.80% and the dividend yield is 4.87%. UOB has market cap of about $20B which puts it near a US bank like PNC bank.PE is about 13.3 and the 5-year earnings growth is just over 16%.