Tuesday, July 17, 2007

Colombia Stocks: New Trading Partner?

With the Administration moving forward to sign a trade agreement with Colombia, there may be investment opportunities in that country.

Some facts about Colombia:

1. The US has been Colombia’s largest trading partner.
2. Colombia’s exports to the U.S. are approximately $5.4 billion.
3. Colombia imports from the U.S. are approximately $3.3 billion.
4. is the fifth largest destination of foreign direct investment in Latin America.
5. Products and services include oil, coffee, apparel, flowers, mining, energy, automotive, infrastructure, pharmaceutical, consumer products and financial services.
6. It has the second largest population in South America.
7. It is the largest Spanish speaking nation by population in South America.
8. The Happy Planet Index ranked Colombia the #2 happiest country.
9. Inflation has been below 6% for the last three years.
10. Cruise ships will begin returning to the country in October 2007.
11. It is number 27 of all countries for GDP purchasing power parity.
12. It produces almost twice as much oil as it consumes.

Here are some stocks from the country of Colombia.

Colombia Goldfields Limited (CGDF.OB), through their Colombian subsidiaries Cia Minera de Caldas S.A. and Gavilan Minerales S.A., is developing gold mining properties in Colombia's Marmato Mountain gold district. Their offices are in Medellin, Colombia and Toronto Ontario. The company has reported no revenues and negative earnings.

Bancolombia S.A. (CIB) is a banking company with over 700 branches in Colombia. The P/E is 16.4, the PEG is 1.58, and the yield is 2.9%.

Corporacion Financiera del Valle SA (CRPFY.PK) is a financial services company which rarely trades in the U.S.

Interconexion Electrica Sponsored ADR (IESFY.PK) is Colombia’s largest power company. The Colombian government is considering selling off its 56% ownership in the company. The shares are up 8.6% for the last 12 months.

SPDR S&P Emerging Latin America (GML) is an exchange traded fund which has the goal of tracking the S&P/Citigroup BMI Latin America index, by investing in stocks from Colombia, Argentina, Brazil, Chile, Mexico, Peru and Venezuela. This ETF is up over 28% since its inception in March of this year.

Author does not own any of the above.

By Fred Fuld for Stockerblog.com.



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Ranjeet Kumar said...

your blog looking awesome and well written & described about funds & etf. Colombia ETFs may continue to rise. The Colombia Stock Market can now be harnessed through an ETF looking to capitalize on the emerging market trends and the prospect of Colombia business exports continuing to improve