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ADR Daily Report (Yahoo Finance) | The Market Mavens Report: Global Markets
| Issue | CUSIP | Exchange | Symbol | Ratio* | Industry | |
| AMSTEEL CORPORATION BERHAD | 032182107 | OTC | AMCSY | 1: | 1 | STE |
| ANGKASA MARKETING BERHAD | 034759100 | OTC | AKAMY | 1: | 1 | MER |
| BANDAR RAYA DEVELOPMENTS BERHAD | 060002201 | OTC | BRYDY | 1: | 1 | RES |
| BERJAYA CORP. BERHAD | 084105204 | OTC | BJYAY | 1: | 10 | MUL |
| BOUSTEAD HOLDINGS BERHAD | 102106200 | OTC | BSTHY | 1: | 1 | MUL |
| GENTING BERHAD | 372452201 | OTC | GEBEY | 1: | 1 | HOT |
| INTER-PACIFIC INDUSTRIAL GROUP BERHAD | 458333200 | OTC | IPIGY | 1: | 10 | FOD |
| KESANG CORP.(DAMANSARA REALTY BHD) | 492524202 | OTC | KSGCY | 1: | 5 | HOT |
| KUALA LUMPUR KEPONG BERHAD | 501161202 | OTC | KLKBY | 1: | 1 | FOD |
| LION LAND BERHAD | 536204308 | OTC | LONLY | 1: | 1 | MUL |
| MALAYAN UNITED INDUSTRIES BERHAD | 561072208 | OTC | MYLUY | 1: | 1 | MUL |
| MBF HOLDINGS BERHAD | 552980104 | OTC | MBFHY | 1: | 20 | MUL |
| PATIMAS COMPUTERS BERHAD | 703220103 | OTC | PTCBY | 1: | 5 | FIN |
| PERLIS PLANTATIONS BERHAD | 713900207 | OTC | PPBHY | 1: | 1 | FOD |
| RESORTS WORLD BERHAD | 761191105 | OTC | RSWSY | 1: | 5 | HOT |
| SELANGOR PROPERTIES BERHAD | 816110209 | OTC | SGPBY | 1: | 1 | RES |
| SIME DARBY BERHAD | 828617209 | OTC | SIDBY | 1: | 1 | MUL |
| TENAGA NASIONAL BERHAD | 880277108 | OTC | TNABY | 1: | 4 | EEI |
| * 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. |