38 Foreign ADRs Down More Than 80% YTD

Many foreign stocks that trade as ADRs in the US have fallen heavily in-line with their home country’s market performance. In order to identify the ADRs that are down more than 80% year-to-date, I ran the screener and ended up with the 38 stocks listed below.

Foreign ADR Stocks Down > 80%

Company	Ticker	Closing Price (November 14,2008)	Year-To-Date Change (%)	Sector	Country
Qimonda	QI	$0.13	-98.18%	Tech.Hardware&Equip.	Germ.
Corgi International	CRGI	$0.13	-94.14%	Leisure Goods	Hong Kong
Spreadtrum Communications	SPRD	$0.80	-93.47%	Tech.Hardware&Equip.	China
Gentium	GENT	$0.97	-93.03%	Pharma. & Biotech.	Italy
Royal Bank of Scotland	RBS	$15.36	-91.20%	Banks	U.K.
Thomson	TMS	$1.27	-90.94%	Media	France
Bank of Ireland	IRE	$5.70	-90.57%	Banks	Ireland
Yingli Green Energy	YGE	$3.97	-89.74%	Alternative Energy	China
China GrenTech	GRRF	$0.99	-88.80%	Tech.Hardware&Equip.	China
China Eastern Airlines	CEA	$11.55	-88.17%	Travel & Leisure	China
JA Solar	JASO	$2.80	-87.97%	Alternative Energy	China
Focus Media	FMCN	$6.99	-87.70%	Media	China
Gol Linhas Aereas Inteligentes	GOL	$3.20	-87.11%	Travel & Leisure	Brazil
Suntech Power	STP	$10.75	-86.94%	Alternative Energy	China
Silicon Motion Technology	SIMO	$2.35	-86.78%	Tech.Hardware&Equip.	Taiwan
Aracruz Celulose	ARA	$10.00	-86.55%	Forestry & Paper	Brazil
China Techfaith Wireless Communication	CNTF	$0.84	-85.52%	Tech.Hardware&Equip.	China
Nortel Invesora	NTL	$3.01	-85.17%	Fixed Line Telecom.	Argen.
GRUMA	GMK	$2.00	-85.04%	Food Producers	Mexico
Edenor	EDN	$3.40	-84.55%	Electricity	Argen.
Alumina	AWC	$3.42	-84.52%	Indust.Metals&Mining	Aus.
China Southern Airlines	ZNH	$6.80	-84.41%	Travel & Leisure	China
Allied Irish Banks	AIB	$7.26	-84.20%	Banks	Ireland
Solarfun Power	SOLF	$5.29	-83.80%	Alternative Energy	China
Genesis Lease	GLS	$3.10	-83.48%	IndustrialTransport.	Ireland
Ternium	TX	$6.64	-83.45%	Indust.Metals&Mining	Argen.
Xinyuan Real Estate	XIN	$2.38	-83.27%	Real Estate Inv&Serv	China
Xinhua Finance Media	XFML	$1.02	-83.00%	Media	China
Sterlite Industries	SLT	$4.44	-82.97%	Indust.Metals&Mining	India
Wimm-Bill-Dann Foods	WBD	$22.52	-82.81%	Food Producers	Russia
Trina Solar	TSL	$9.43	-82.47%	Alternative Energy	China
Mechel Steel	MTL	$5.80	-82.09%	Indust.Metals&Mining	Russia
Woori Finance	WF	$10.81	-81.87%	Banks	Korea
China Sunergy	CSUN	$3.03	-81.66%	Alternative Energy	China
China Nepstar Chain Drugstore	NPD	$3.33	-81.06%	Food &Drug Retailers	China
Cemex	CX	$5.14	-80.12%	Construct.&Materials	Mexico
SIFY	SIFY	$1.05	-80.11%	Software&ComputerSvc	India

Analysis

1. The worst loser among the British banks is the Royal Bank of Scotland (RBS) which is down 91.20%. The stock recently reached a low of $0.95. On November 7, the management did a reverse split in the ratio of 20:1. More details on this split can be found here.

2. It is not surprising to see 15 China stocks in this group since the Shanghai Index is down over 60% year-to-date.

3. Two food producers (GMK, WBD) made it to this list though the cost of food has increased considerably worldwide in the last few months.

4.Only two Brazilian stocks are down over 80% year-to-date.

5.Some of the stocks that are under $1 and close to being under $1 might have reverse splits in the future to satisfy listing requirements.

Note: Please note that the data used for calculation is thought to be accurate but not guaranteed. Do your own research before making any investment decisions.

Disclosure: Long RBS

Comments

[granger:]

thank you, I enjoyed it

2008 Nov 22 03:38 PM

[David Hunkar:]

Thanks granger. Glad you like my list.

-David

2008 Nov 22 08:30 PM

[Anti-Fool:]

Sorry, but my reaction to this is: "so what."

2008 Dec 04 07:52 PM

[max12345:]

Thank you. Your list provides an extremely useful starting point. It contains some excellent opportunities (some are unique), though it also includes some that one should stay away from. It would be very interesting to see how this same list will have performed by the end of
2009, 2010 and 2011. My guess is that without even doing any further research and selection (highly recommended) by the end of 2011 the stocks on the list will have on average doubled in value.

Jan 04 04:25 AM

[max12345:]

Thank you very much. Your list is a very useful starting point. I think it contains some excellent (unique) opportunities though it also has a few in there to stay away from. It would be very interesting to see how the whole list will have performed by the end of 2009, 2010 and 2011. My own guess is that even without any further research and selection (of course highly recommended) by the end of 2011 the list will have - on average- doubled in value.

Jan 04 04:30 AM