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ADR Daily Report (Yahoo Finance) | The Market Mavens Report: Global Markets
| Issue | CUSIP | Exchange | Symbol | Ratio* | Industry | |
| P.T. INDOSAT | 715680104 | NYSE | IIT | 1: | 10 | TEL |
| P.T. INTI INDORAYON UTAMA | 69364L207 | OTC | PTIDY | 1: | 3 | PAP |
| P.T. TAMBANG TIMAH (PERSERO) 144A | 69365J102 | 144A | PTBGF | 1: | 10 | MIN |
| P.T. TELKOM | 715684106 | NYSE | TLK | 1: | 20 | TEL |
| P.T. TRI POLYTA INDONESIA | 69365B109 | NYSE | TPI | 1: | 10 | CHM |
| PASIFIK SATELIT NUSANTARA | 69365Q106 | NAS | PSNRY | 1: | 3 | TEL |
| PT JAKARTA INT'L HOTELS & DEVELOPMENT | 69365R104 | OTC | PJIHY | 1: | 10 | HOT |
| PT KAWASAN INDUSTRI JABABEKA 144A | 69365P108 | 144A | PTKWYP | 1: | 10 | RES |
| * 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. |