Sam Citron: Hyundai, other Korean stocks:
Okay, I'll consider KEF. I'm balancing that one vs. EWY vs. trying to buy individual stocks (which is hard to do for some of these Korean companies.)
I like Hyundai, Posco, Samsung.
Posco will (I am assuming here) benefit from steel orders from Nissan, other Japanese auto companies. P/e forward is about 6 (per Yahoo), stock already -like most, if not all, steel companies- is near highs, so maybe it's already too late. Posco at least trades on a US exchange (as PKX).
I am reading correctly today that Samsung will invest 24 BILLION Dollars (25 trillion won) in the production of semiconductors over the next six years??? Jeez. That is a bet.
I guess to play in the sector, you got to be big, powerful, and gutsy. Which Samsung seems to be.
Maybe I had better look again at equipment suppliers. $24B is a lot of orders to be let.
Comparing KEF and EWY, KEF has that 2.5% charge vs. EWY, the iShares South Korea index: The key holdings look like this
KEF
Hyundai: 10.6%
PKX: 8.3%
Samsung: 22%
SK Tele: 4.5%
EWY
Hyundai: 4.6%
PKX: 7.1%
Samsung: 23%
SK Tele: 3.5%
I'm still considering what I like better. |
