Howard, their are proxy stocks for markets that trade on the NYSE and have options that trade in the US such as:
TBH, the Huge Brazilian Telephone holding company,-
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PKX, the very big Korean Steel maker,BUSINESS SUMMARY Pohang Iron & Steel Co. Ltd. is the only fully
integrated steel producer in Korea. PKX manufactures and
sells a broad line of steel products, including hot & cold
rolled and stainless steel products. For the FY ended 12/97,
revenues increased 19% to W11.52T. Net loss according to
U.S. GAAP totalled W896.30B vs. an income of W734.85B.
Results reflect increased sales volumes and average per ton
price of steel products, offset by foreign exchange losses.
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PAP, Asia Pulp and Paper, which is headquartered in Singapore and has
operations in the Pacific Rim, Especially in Maylasia, if I'm not mistaken.
1 Maritime Square #10-01 Ticker: PAP
World Trade Centre, Lobby B Exchange: NYSE
Singapore 099253, Singapore Sector: Basic Materials
( 65) 374-9203 Industry: Paper & Paper Products
Complete Financials: Sep 1998 Earnings Announcement: NA
Business Summary
PAP is a vertically-integrated pulp and paper producer. PAP produces paper and packaging products, as well as bleached hardwood kraft pulp. For the 9 months ended 9/30/98, net sales increased 24% to $1.75B. Net income before U.S. GAAP decreased 9% to $120.6M. Revenues reflect higher sales volume of packaging, printing and writing paper products. Net income was offset by higher debt levels and foreign exchange losses.
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TMX, Business Summary
TMX is a provider of telecommunication services to users of domestic and international telephone services in Mexico. For the fiscal year ended 12/31/97, revenues fell 1% to Ps60.72B. Net income according to U.S. GAAP fell 16% to Ps12.24B. Revenues suffered from rate reductions, discounts offered to customers, and loss of market shares. Earnings also reflect higher cost of spare parts, and increased salary and fringe benefits.
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VIP- The Russian cell Phone Company-
Vimpel-Communications is a provider of cellular telecommunications services in Russia including the City of Moscow and the Moscow region. The Group also has licenses to operate networks in eight other regions of Russia. For the nine months ended 9/30/98, net revenues rose 39% to $288.9M. Net loss totalled $13.7M vs. an income of $46.9M. Results reflect growth in the number of subscribers, offset by $66.2M in investment and foreign exchange losses.
All of these have options , I just verified on the cboe site
quote.cboe.com
so most countries have Big stocks that can serve as a proxy for
the country and/or regions economic performance.
VIP, the Russian cell phone company closed at 55.62 on June 4th of 1998, on July 31st 1998 it closed at 42 and
by oct 1 1998 it had fallen to $5. It then rallied to 24 by the
end of Nov. '98
so these stocks can be useful to buy or sell, either the ADR's or options, based on a market outlook.
If you think of a few others mention them to me.....
John |
