Bargain Bin Emerging Blue Chips Update: August 17, 2013

Cheap Emerging Blue Chip Stocks

Emerging blue chips are those companies that have not yet paid 10 years of consecutive dividends and are not necessarily over 1B market cap. I track them not so much for possible inclusion into portfolio as to see how the future blue chips are doing. Some of them are very near to blue chip status. Most of them are still far off.

It is a good habit for me to keep track of the cheap ones on this blog every month or so. Once in a while I see an emerging blue chip stock that has potential. I don’t have a rule against investing in the emerging blue chips. What I do have is a portfolio limit — no more than 25% of my portfolio should be less than blue chip quality.

At this update time there are 9 bargain bin’ners from the Americas, 9 from Asia and 17 from Europe.

(bargain bin’ner = 0.75 P/B or less)

Americas
Company Symbol Country Industry P/B P/E 5-Yr Low/High Price
Aspen Insurance AHL Bermuda Financials 0.73 12.62 $14.33 → $38.75 $36.19
Niko Resources NKO Canada Oil & Gas 0.50 N/A $5.55 → $113.02 $6.37
Petrominerales Ltd PMG Canada Oil & Gas 0.54 16.10 $5.10 → $40.98 $6.44
Petrobras Argentina PZE Argentina Oil & Gas 0.50 6.82 $2.50 → $13.80 $4.46
Banco Santander (Brasil) BSBR Brazil Financials 0.62 1106.6 $5.80 → $15.30 $5.84
Oi SA OIBR Brazil Telecom 0.47 3.35 $1.46 → $10.58 $1.61
Centrais Eletricas Brasileiras EBR Brazil Utilities 0.09 N/A $1.94 → $22.74 $2.14
Companhia Paranaense Energia ELP Brazil Utilities 0.70 7.17 $8.90 → $28.89 $12.68
Gafisa GFA Brazil Industrials 0.54 N/A $2.38 → $17.92 $2.64
Asia
Company Symbol Country Industry P/B P/E 5-Yr Low/High Price
Aluminum Corp. of China ACH China Basic Materials 0.65 N/A $7.61 → $32.37 $8.62
Sterlite Industries India SLT India Basic Materials 0.53 4.82 $4.01 → $19.80 $5.01
KB Financial Group KB South Korea Financials 0.56 9.15 $17.30→ $58.32 $32.05
Korea Electric Power KEP South Korea Utilities 0.37 N/A $7.44 → $17.46 $13.23
KT Corporation KT South Korea Telecom 0.75 10.45 $10.91 → $22.60 $15.81
Shinhan Financial SHG South Korea Financials 0.75 10.30 $13.16 → $50.51 $36.89
Woori Finance WF South Korea Financials 0.49 8.07 $10.40 → $39.51 $30.20
AU Optronics Corp. AUO Taiwan Technology 0.66 N/A $2.79→ $13.25 $3.72
United Microelectronics UMC Taiwan Technology 0.72 12.52 $1.59 → $4.19 $1.94
Europe
Company Symbol Country Industry P/B P/E 5-Yr Low/High Price
EVN EVNVY Austria Utilities 0.63 15.96 $2.19 → $6.30 $2.62
Wienerberger WBRBY Austria Industrials 0.55 N/A $1.33 → $5.85 $2.93
UPM-Kymmene Corp. UPMKY Finland Basic Materials 0.68 N/A $6.21 → $21.79 $12.85
Peugeot PEUGY France Consumer Goods 0.43 N/A $5.62 → $50.67 $14.88
Commerzbank CRZBY Germany Financials N/A 0.37 $1.47 → $30.70 $11.03
Magyar Telekom MYTAY Poland Telecom 0.67 12.54 $6.94 → $26.23 $7.15
Telecom Italia TI Italy Telecom 0.60 N/A $6.46→ $18.22 $6.90
ArcelorMittal MT Luxembourg Basic Materials 0.48 N/A $11.19 → $78.62 $13.95
AEGON AEG Netherlands Financials 0.46 12.10 $2.42 → $12.10 $7.65
ING Groep ING Netherlands Financials 0.66 10.26 $3.16 → $32.51 $11.35
Norsk Hydro NHYDY Norway Basic Materials 0.72 N/A $2.84 → $10.65 $4.30
AO MOSENERGO AOMOY Russia Utilities 0.09 2.14 $0.95→ $13.25 $1.50
Gazprom OGZPY Russia Oil & Gas 0.34 2.37 $6.18 → $21.65 $7.89
Mechel MTL Russia Basic Materials 0.46 N/A $2.84→ $33.49 $3.16
Iberdrola IBDRY Spain Utilities 0.76 9.68 $14.11 → $47.96 $22.88
Royal Bank of Scotland Group RBS Scotland Financials 0.54 N/A $3.51 → $93.07 $10.75
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