It's too bad that more investors don't look to
American Depositary Receipts as viable options to invest overseas, as many good companies are available with little sacrifice in volume or shareholder friendliness. One of the names well worth considering is Singapore's
DBS Group (OTCBB:
DBSDY.PK). While this bank does have some risks in its funding and its growing emerging market businesses, it has built a reputation over the years as a conservatively-run bank.
Looking To Go 40/30/30
Right now, Singapore is still a major component of DBS Group's earnings base (nearly 60%), with Greater China chipping in about 24% and countries in the
Association of Southeast Asian Nations (ASEAN) another 10%. Although Singapore will likely always remain an important operating area, DBS management is hoping to move its earnings base to something closer to a 40/30/30 model - 40% from Singapore, 30% from Greater China and 30% from ASEAN.
Read more here:
http://stocks.investopedia.com/stock-analysis/2012/DBS-Group--A-Balanced-Play-On-Asian-Banking-DBSDY-HBC-C-USB0411.aspx
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