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 | ||||||
| Company Name | Symbol | Sector | INDUSTRY | REGION | COUNTRY | ZONE | SCORE | SCORE | SCORE |
| BEST | |||||||||
| 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 |
| WORST | |||||||||
| 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 |
18.75
|
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)
None.
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