Emerging Market Stocks
(September 30th 2003) US markets are looking very frothy lately, and may be
due for a correction soon. I am not adding to my emerging market positions
at this time since if the US markets crash, the world markets may go down as well.
Instead I'm adding to my commodity futures positions.
So while I'm bullish on emerging markets in the long term, in the short term
there appears to be some downside risk. See Why "Dr Doom" is cashed up and
fearful
Here are some stocks that are plays on rising emerging markets:
China
- CHL -
China Mobile - 12.67 P/E, 0.21 Db/Eq - China Cell Phone Provider,
play on strong domestic growth for China.
- PTR -
Petrochina - 9.28 P/E, 0.26 Db/Eq - oil exploration and production
in china, also a natural resource play - warren buffet recently
purchased a large stake in this company.
Indonesia
- TLK -
PT Telekomunikasi Indonesia - 6.73 P/E, 0.67 Db/Eq - Indonesia Phone Services
Korea
KEP
Eastern Europe and Russia
CEE