A friend of mine is a global investor. He buys stocks in Brazil (with
loss) and in China (with big loss). But this does not prevent him from
investing in other emerging markets. In May 2014, he made a research on Gasprom
(ADR code OGZPY), the russian petroleum giant (big brother to Petrobrás). The
state controlled company supplies natural gas through pipeline to Ukrania and
Europe. On 6/5/2014, the stock was traded at $ 7.34 (OTC exhange, N.Y.) with a
P/E ratio of 2.5. The 5 year high is $ 17.40, low $ 6.50. So he decided to jump
in and bought the stock at $ 7.70.
On 24/06, Gasprom rose to $ 9. An unrealized profit of 17% in less than
2 months. Then came the surprising news that Russia and China, after decade of
negociation, finally agreed on a $ 400 billion deal. Russia wil supply China
with natural gas through a new pipeline to be contructed with an
investment of $ 22 billion, though it is
not clear how the construction of pipeline will be financed.
After Brazil, China and Russia, the next move should be India, where te
BSE Sensex Index closed at record high on 20/05/2014. One could not invest in
all the countries of the world, but at least my friend accomplishes his target
of diversification by investing in all BRIC countries.
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