The following is a list of the ADR stocks from Greece. Out of the total of 9 stocks, 4 are in the shipping industry. This is not surprising since Greece has always been a leader in the shipping industry. With so many islands there are many ferry and shipping companies that operate in Greece.
Shipping stocks can be highly volatile.So detail research is required before investing in them.
[TABLE=51]
1.Water Utility:
Water has become a precious commodity these days in many countries.While its priced as high as crude oil, still it takes a lot of resources to tap groundwater. process it to set standards and distribute it for consumption. There are are a few water companies listed in the exchanges.
Cascal B.V., with ticker HOO, is a water utility from UK. They listed their ADR in the NYSE in January of this year. The company operates in the provision of potable water and treatment of waste-water services. They operate in eight countries: the United Kingdom, South Africa, Indonesia, China, Chile, Panama, Mexico and The Philippines.
After hitting a high of $15 in April the stock is now at $11+.
Company: Cascal B.V.
Ticker: HOO
Sector: Water Utility
Country: UK
More info on Cascal can be found here.
2.Scrap Metal Recycler:
Sims Group of Australia is a scrap metal recycling company.A brief overview of Sims:
“Sims Group (www.sims-group.com) is the world’s largest listed metal recycler with over 200 operations globally. Sims’ core business is metal recycling, with an emerging business in recycling solutions. Sims earns around 80 per cent of its revenue from international operations in the United Kingdom, Continental Europe, North America, New Zealand and Asia. Sims has over 6,000 employees, an annual turnover of $8.5 billion and has its ordinary shares listed on the Australian Stock Exchange (ASX CODE: SGM) and its ADRs listed on the NYSE (NYSE SYMBOL: SMS – News).”
Due to the high demand for steel, scrap steel makers are performing very well these days.Back in April there was a news item titled Sector Snap: Scrap Steel Shares Rise.
Company: Sims Group
Ticker: SMS
Sector: Scrap Metal
Country: Australia
After their IPO on March 17,2008 the stock has risen form $21+ to $33 now.Probably a good idea to keep an eye on this ADR before jumping in since commodity prices can be highly volatile.
There are thousands of foreign stocks that are traded daily in the various exchanges like Amex, Nasdaq ,NYSE and the OTC.NYSE alone has 421 foreign stocks listed.The OTC market has many hundreds of foreign stocks since the listing requirements are far more easy than NYSE.However in recent months, many top companies of the world have moved their listing from NYSE to OTC due to Sarbane-Oxley and other strict reporting requirements.Some foreign firms with a low trading volume see that the NYSE listing fees of $50K per year is too high.Hence many world class firms like Nestle,EON AG, BNP Paribas can be bought and sold in the OTC market.
Some countries like UK,Japan,Brazil,Germany, etc. have many stocks listed in the US.
For countries with many ADR listings, finding one stock that is highly liquid can be a
challenging task.This is where the following table list can be helpful.
The table below lists the most traded ADR stock country-wise. For example, Brazil has many stocks such as PBR,RIO,ITU,BBD,ARA,etc. traded on a daily basis.But out of all the Brazilian ADRs the most traded stock by volume on a daily basis is RIO, the mining giant. This is listed in the table for Brazil.Similarly the most traded stock among British ADRs is BP, one of the top four oil companies of the world.
For an investor looking to invest some funds in a foreign country stock this table might be a good place to start.Since this table lists the highly liquid stocks, investing in them reduces the risk of liquidity problem especially in times of turbulent markets.Another advantage of picking one of these stocks is “you are going with the flow of many investors” since there is heavy interest in these stocks.While this can be negatively implied as a herd mentality, still it makes sense to put some money in a highly traded stock first before jumping into other stocks of a country.For example – it is a good idea to pick up some National bank of Greece – NBG first before going for Diana Shipping – DSX or other Greek ADRs.
The table also shows the stock performance YTD till May 23rd,2008 and the daily volume.The most traded ADR stock is RIO of Brazil while the least traded is CHRT of Singapore.
[TABLE=50]
*Nokia, StatoilHydro and ASML are in this year’s Business Week’s “Euro BW 50†list.
Norway has become an “oil” nation due to the export of crude oil. Norway is now one of the largest exporters of oil in the world. Hence StatoilHydro is one of the top Norway ADR stock.StatoilHydro is a new company created after Norsk Hydro merged with Statoil a few years ago. Norsk Hydro stock had a fantastic run before the merger and even now the stock is doing well.
The following is a list of Norway ADR stocks:
[TABLE=49]
* StatoilHydro and Telenor are in this year’s Business Week’s “Euro BW 50” list.
[tags]norway adrs,investing,adrs,yariy[/tags]
Nokia is probably the best known Finnish company in the world. There is a town named Nokia there. Nokia’s ADR stock with ticker NOK used to be high flier during the dot com boom years.
There are a few other Finnish stocks that are worth looking into. They are StoraEnso, UPM and Metso. While StoraEnso and UPM are in the forestry and paper business, Metso is in the Industrial Engineering sector. It provides all the technologies needed by UPM and StoraEnso to process the lumber.
From the table below, we can see that NOK has been average performer over the past 5 years when compared with Metso. An investment of $10K five years ago in Metso has grown over 655%. Clearly Metso seems to an undiscovered gem operating in the niche area serving the forestry and mining industries.
A brief overview from Metso’s corporate site:
“Metso is an international technology corporation that serves customers in the pulp and paper industry, rock and minerals processing, power generation and other selected industrial sectors. Metso Corporation comprises three business areas: Metso Paper, Metso Minerals and Metso Automation.
In 2007, Metso Corporation’s net sales totaled over EUR 6 billion. Metso has business operations in approximately 50 countries, and almost 27,000 employees. ”
The following is a list of Finland ADRs. Very thinly traded stocks are excluded from this list.
[TABLE=47]
* Nokia and Metso are in this year’s Business Week’s list of “Euro BW 50”.
