Горячие сектора экономики

понедельник, 16 августа 2010 г. Автор: Tom Jerry
The growth story is undeniable: emerging market GDP growth expected to triple that of developed economies in 2010, according to the IMF.




Within these markets, stocks have followed suit: the major market indexes in the four ‘BRIC’ nations returned an average 525% over the last decade – versus a decline in the S&P 500. With this in mind, Investors are clamoring for new ways to access the markets that are the world’s next growth engines. But where are the best opportunities?

From India’s outsourcing hub to Brazil’s bustling banks to Russia’s oil giants – each emerging economy has one sector that best captures its potential. Some of the strongest companies trade right on the NYSE for easy access.


By Jason Farkas


Posted 12 Aug 2010
DISCLOSURE: As of 12 Aug 2010, Tim Seymour or his firm have investments associated with the following companies mentioned in this story: Seymour owns China Mobile, Net Services De Communicacao; Seymour's firm owns Rosneft; Seymour's firm is short Gazprom, Gafisa, Anglogold.



10. Fertilizer Companies in Latin America

Brazil is Latin America's farming powerhouse, currently the world's the biggest exporter of coffee, sugar, orange juice, beef and chicken. Shifting third-world food consumption habits away from grains and towards higher protein diets has lead to frequent fertilizer shortages. Brazil’s own Vale recently made a $4 billion investment in the sector, buying up Bunge's Brazilian assets earlier this year.





Ways to Play


Sociedad Quimica y Minera (SQM)


Bunge (BG)
9. Homebuilders in Central and South America

As the U.S. housing market continues a fragile recovery, the demand for new homes in Brazil and beyond is booming. The expanding middle class is getting new access to credit for homes, bolstered by the growing domestic banking sector. Improving employment rates and wages are accelerating demand, and could make Brazilian homebuilder Gafisa and Mexico's Homex the safest bets in an uncertain space.





Ways to Play


Homex (HXM)


Gafisa (GFA)

8. Dot Coms in China

When Google temporarily closed its China-based search engine earlier this year over censorship issues, the company saw its share of the search market in the country fall by 6%, while local rival Baidu's share rose by that same amount. And despite Google’s re-entry to the region, Baidu still holds about 70% of the world’s biggest Internet market. Sina and Sohu, two local competitors, are also traded in the U.S.





Ways to Play


Baidu.com (BIDU)


Sohu.com (SOHU)


Sina (SINA)

7. Electronics in South Korea & Taiwan

With corporate spending and consumer demand for technology finally starting to turn around, electronics makers and suppliers may soon see profits swell. LG Display, a supplier to Apple's iPad and one of the world's largest LCD makers, as well as chip maker, Taiwan Semiconductor, have global reach, industry dominance and could be the beneficiaries of the global consumption comeback.





Ways to Play


LG (LPL)


AU Optronics (AU)


Taiwan Semiconductor (TSM)

6. Media In Russia & Latin America

No longer satisfied by dubbed-over American television shows, mini-media empires are springing up in Eastern Europe and Latin America to fill the content void. With ‘MTV’-like programming in Russia, Khazakstan and Uzbekistan, CTC Media is considered the Viacom of Eastern Europe. Televisa, Mexico’s biggest broadcaster, is following the U.S. ‘triple play’ model - expanding into Internet, mobile phone, and fixed line services.


Ways to Play


Central European Media Enterprises (CETV)


CTCMedia (CTCM)


Televisa (TV)


Net Servicos de Comunicacao (NETC)

5. Precious Metals Mining in South Africa

Despite diversifying into everything from manufacturing to mobile telecom, platinum and gold are still South Africa’s two biggest exports. It’s also the world’s biggest producer of chrome, fourth biggest diamond producer, and fifth biggest coal producer.





Ways to Play


Anglogold Ashanti (AU)


Gold Fields (GFI)


Harmony Gold Mining (HMY)


4. Oil In Russia

As the world’s second largest oil exporter, the fate of Russia is tethered to the fate of crude. The country’s biggest oil producer, Rosneft, is 75% owned by the Kremlin - but its shares trade in London. Lukoil is the largest non-government controlled oil firm, and Gazprom holds the title as the world’s largest gas producer.





Ways to Play


Rosneft


Gazprom (OGZPY)


Lukoil (LUKOY)


3. IT In India

After three decades of expansion, outsourcing in Mumbai, Hyderabad, Bangalore and beyond has grown into a $60B annual business. And as the country’s domestic tech and manufacturing industries continue to boom, the so-called ‘outsourcing’ companies are getting more business from inside India. But IT firms do face challenges as wages increase, and their top customers - Europe and America - continue to slow.





Ways to Play Infosys (INFY)


Wipro (WIT)


2. Mobile In China

With more than 500 million users - China Mobile alone has more customers than the U.S. has citizens. That makes it by far the world’s largest wireless provider, but it has competition from rivals China Telecom and China Unicom (sole provider of Apple’s iPhone in China).





Ways to Play


China Mobile (CHL)


China Unicom (CHU)


China Telecom (CHA)

1. Banks in Brazil

A combination of positive demographics, good capitalization, and stumbling Western competition has Brazil’s banks moving into the lead. Improving credit, both on a corporate and individual basis has helped them outpace American rivals - and recently Sao Paolo-based Itau Unibanco beat out Citigroup and Goldman in Brazilian bond underwriting.





Ways to Play


Banco Itau (ITUB)


Banco Bradesco (BBD)


Banco Santander Brazil (BSBR)
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