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ADR Daily Report (Yahoo Finance) | The Market Mavens Report: Global Markets
| Issue | CUSIP | Exchange | Symbol | Ratio* | Industry | |
| ANAM SEMICONDUCTOR INC. | 032688103 | 144A | ANAKYP | 1: | 1 | EEI |
| CHO HUNG BANK | 170265102 | 144A | CHHBYP | 1: | 1 | BKS |
| HANA BANK GDR | 409636206 | 144A | HANBYP | 1: | 1 | BKS |
| HANKUK GLASS INDUSTRIES INC. | 410480107 | 144A | HAN144A | 2: | 1 | OTH |
| HANSOL PAPER | 411334105 | 144A | HAPSF | 2: | 1 | PAP |
| HOUSING & COMMERCIAL BANK, KOREA 144A | 44182P102 | 144A | HROKYP | 1: | 1 | BKS |
| HYUNDAI ENGINEERING & CONSTRUCT. 144A | 449185206 | 144A | HYUNF | 2: | 1 | CST |
| HYUNDAI MOTOR COMPANY | 449187103 | 144A | HYM144A | 2: | 1 | AUT |
| HYUNDAI MOTOR COMPANY | 449187202 | 144A | HYMM144A | 2: | 1 | AUT |
| HYUNDAI MOTOR COMPANY | 449167301 | 144A | HYNDYPX | 2: | 1 | AUT |
| KIA MOTORS CORPORATION 144A | 493738207 | 144A | KIAMOT | 1: | 1 | AUT |
| KIA MOTORS CORPORATION 144A | 493738108 | 144A | KIANF | 1: | 1 | AUT |
| KIA MOTORS CORPORATION GDR | 493738306 | 144A | KNGFYR | 1: | 1 | AUT |
| KOOKMIN BANK GDR | 500498100 | 144A | KKMNYP | 1: | 1 | BKS |
| KOREA ELECTRIC POWER CORPORATION | 500631106 | NYSE | KEP | 2: | 1 | UTI |
| LG CHEMICAL LTD. 144A | 50185Q104 | 144A | LGEGF | 1: | 1 | CHM |
| LG ELECTRONICS 144A | 50185P106 | 144A | LGETYP | 2: | 1 | CLE |
| MANDO MACHINERY CORP. 144A | 562665109 | 144A | MNDOYP | 2: | 1 | AUT |
| POHANG IRON & STEEL COMPANY LIMITED | 730450103 | NYSE | PKX | 4: | 1 | STE |
| SAMSUNG CO. LTD. 144A GDR | 796053106 | 144A | SSGFF | 2: | 1 | CLE |
| SAMSUNG ELECTRONICS 144A | 796050888 | 144A | SAM144A | 2: | 1 | CLE |
| SAMSUNG ELECTRONICS CO., LTD. GDR | 796050870 | 144A | SEFPP | 1: | 2 | EEI |
| SAMSUNG ELECTRONICS CONVERTIBLE BOND | 796050AC6 | 144A | SAMPEZ | 2: | 1 | EEI |
| SAMSUNG ELECTRONICS GDR | 796050706 | 144A | SAMELEGDR | 2: | 1 | CLE |
| SAMSUNG ELECTRONICS NON-VOTING 144A | 796050409 | 144A | SSNGF | 2: | 1 | CLE |
| SAMSUNG ELECTRONICS NON-VOTING GDR | 796050508 | 144A | SELEGDR | 2: | 1 | CLE |
| SAMSUNG ELECTRONICS NON-VOTING PREF 144A | 796050201 | 144A | SAMPRE144A | 2: | 1 | CLE |
| SAMSUNG ENGINEERING & CONSTRUCTION | 79605V104 | 144A | SAMENG144A | 2: | 1 | CST |
| SK TELECOM CO., LTD. | 784408108 | NYSE | SKM | 90: | 1 | TEL |
| * 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. |