Weekly ADR Investment Report

Those ADRs with a score above 90 one year ago (3/25/2013) returned an average 2,814 bps more than the MSCI EAFE (EFA).  Returns were led by HIMX up 237%, GA up 90%, CAAS up 78%, and MPEL up 77%.

Weekly ADR Report

The average ADR score is 48.30, slightly below the four week moving average score of 48.66. The average ADR is trading -18.65% below its 52 week high, 0.31% above its 200 dma, has 3.53 days to cover held short, and is expected to grow EPS by 24.5% next year.

We are entering a more challenging seasonal period for returns, with the EAFE moving to neutral seasonality through May

ADRS             3/17/2014 3/24/2014 4 Week MA
GLOBAL SOURCES GSOL TECHNOLOGY Internet Information Providers   Bermuda   70 95 67.50
KongZhong KONG CONGLOMERATES Mobile Telecom. North Asia China Asia 95 95 95.00
O2Micro International OIIM TECHNOLOGY Tech.Hardware&Equip. North Asia Hong Kong Asia 95 95 95.00
PSIVIDA LTD PSDV HEALTHCARE Drug Delivery North America United States North America 100 95 95.00
Giant Interactive Group GA SERVICES Leisure Goods North Asia China Asia 95 90 93.75
SIGNET GROUP PLC SIG SERVICES Jewelry Stores   Bermuda   95 90 93.75
China Petroleum & Chemical SNP BASIC MATERIALS Oil & Gas Producers North Asia China Asia 85 90 83.75
Siliconware Precision Industries SPIL TECHNOLOGY Tech.Hardware&Equip. North Asia Taiwan Asia 95 90 90.00
Aixtron AIXG TECHNOLOGY Tech.Hardware&Equip. Continental Europe Germany Europe 85 85 86.25
GRUMA - B Shares GMK CONSUMER GOODS Food Producers Latin America México Latin America 80 85 82.50
Nidec NJ INDUSTRIAL GOODS Electron.&ElectricEq North Asia Japan Asia 85 85 86.25
Novo Nordisk NVO HEALTHCARE Pharma. & Biotech. Continental Europe Denmark Europe 85 85 87.50
Grupo Aeroportuario del Pacifico PAC SERVICES IndustrialTransport. Latin America México Latin America 60 85 65.00
Spreadtrum Communications SPRD TECHNOLOGY Tech.Hardware&Equip. North Asia China Asia 85 85 85.00
STMicroelectronics - New York Shares STM TECHNOLOGY Tech.Hardware&Equip. Continental Europe Italy Europe 85 85 82.50
CHINA AUTOMOTIVE SYS CAAS CONSUMER GOODS Automobiles & Parts North Asia China Asia 50 80 65.00
Delhaize DEG SERVICES Food &Drug Retailers Continental Europe Belgium Europe 80 80 78.75
Himax Technologies HIMX TECHNOLOGY Electron.&ElectricEq North Asia Taiwan Asia 80 80 81.25
JINPAN INT'L JST TECHNOLOGY Diversified Electronics North Asia China Asia 75 80 78.75
Ryanair RYAAY SERVICES Travel & Leisure United Kingdom & Ireland Ireland Europe 85 80 82.50
SHIP FINANCE INT'L SFL SERVICES Shipping   Bermuda   80 80 81.25
Teva Pharmaceutical Industries TEVA HEALTHCARE Pharma. & Biotech. Middle East/N. Africa/the Gulf Israel Middle East 80 80 82.50
Veolia Environnement VE UTILITIES Gas,H20&Multiutility Continental Europe France Europe 80 80 81.25
KNIGHTSBRIDGE TANKER VLCCF SERVICES Shipping   Bermuda   85 80 83.75
Wipro WIT TECHNOLOGY Software&ComputerSvc South Asia India Asia 80 80 81.25
Alcatel-Lucent ALU TECHNOLOGY Tech.Hardware&Equip. Continental Europe France Europe 25 15 28.75
Advantest ATE TECHNOLOGY Tech.Hardware&Equip. North Asia Japan Asia 10 15 11.25
China Mobile CHL TECHNOLOGY Mobile Telecom. North Asia China Asia 15 15 15.00
Cresud CRESY CONSUMER GOODS Food Producers Latin America Argentina Latin America 30 15 26.25
Gafisa GFA INDUSTRIAL GOODS HouseGoods&HomeConst Latin America Brazil Latin America 10 15 16.25
Gerdau GGB BASIC MATERIALS Indust.Metals&Mining Latin America Brazil Latin America 25 15 17.50
Guangshen Railway GSH SERVICES Travel & Leisure North Asia China Asia 10 15 12.50
KB Financial KB FINANCIALS Banks North Asia Korea Asia 25 15 22.50
Rediff.com India REDF TECHNOLOGY Software&ComputerSvc South Asia India Asia 10 15 12.50
Turkcell Iletisim Hizmetleri TKC TECHNOLOGY Mobile Telecom. Middle East/N. Africa/the Gulf Turkey Middle East 20 15 16.25
Trend Micro TMICY TECHNOLOGY Software&ComputerSvc North Asia Japan Asia 15 15 16.25
WNS Holdings WNS SERVICES Support Services South Asia India Asia 15 15



The top scoring sector across ADRs is healthcare (PSDV, NVO, TEVA, SNN, RDY, SVA), followed by services, (SIG, GA, PAC, VLCCF, SFL, RYAAY, DEG) and utilities (VE, NGG).

The best scoring zone is North America/Canada (PSDV, BMO, RY, CNQ), followed by the Middle East (TEVA, GIVN). The top regions include North America, Australia & NZ (PRAN, WBK), and MENA. The best countries are Bermuda (GSOL, SIG, VLCCF, SFL, AXS), Hong Kong (OIIM, SMI, MPEL), and Canada (BMO, RY, CNQ)



How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.