Shares RouteMap: Market Profiles

A sample report on a country stock market


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ETF, US closed-ended funds and UK investment trusts specialising in Demoland listed at bottom of market profiles


Countries & Regions




See Notes at Right of Page       Month End: mmm yyyy
Example of a Shares Profile
Forecasts Summary Opinions History Structure Funds
Earnings Forecasts Since 1986 2008 a 2009 a 2010 e 2011 e
EPS (1995=100)   186.9 227.7 270.8 122.0
EPS Change (%) 10% 10% 22% 19% -55%
Real EPS Change (%) 7% 10% 20% 15% -56%
Relative EPS Change (%) 6% -12% 20% 7% -42%
PE Ratio 29.1 14.3 15.5 7.0 15.5
Relative PE Ratio 115% 81% 91% 89% 150%
Dollar / US$ Rate -1% 1% 0% -1%  
Share Index Change ($ %) 2% 20% 9% -47%  
Relative Performance -8% 0% -1% -5%  
Summary Demoland experienced the most spectacular stock market bubble, as the market rose 12 fold between 1986 and 1990. Opposition parties were legalised in February 1982 and Demoland applied to join GATT in January 1997. However the bubble came and went before
  foreigners were allowed into the stock market. That process began in 1997 and proceeded through seven stages, so the country was only given full weighting in global benchmark indices in February 2002. Restrictions on portfolio investment were finally fully
  removed in August 2004. As their scarcity value has evaporated so the premium ratings of Demoland shares has evaporated, leading to under-performance of the stock market, despite relatively good economic performance.
Investment Opinions   Local Dollar Global  
    Investors Investors Investors  
  Recommended Action Add Add Buy  
Trend Strategies Forecast Revisions Sell Sell Sell  
  Liquidity Trends Sell Sell Sell  
  Chart Analysis Sell Sell Buy  
  Seasonal Patterns Buy Buy Buy  
Investor Sentiment Opinion (12 Months) Buy Buy Add  
Valuation Ratios PE Ratio / Bond Yield Buy Buy Buy  
  PE Ratio / Interest Rate Buy Buy Hold  
  Market Cap. / GDP Buy Buy Buy  
  Real Earnings Yield Buy Buy Buy  
Key Historical Events October-06 $24 Bill. Stock market stabilisation fund  
  September-08 US Banking Crisis    
  July-08 Foreign investment curbs eased  
  March-08 Rightwing coalition wins general election  
  November-07 Demoland ETF listing    
Political History For investors the single most important political event was the general election of April 1983, which ended six years of Liberal rule and began 13 years of Labour rule, mainly with Hawke as PM. This government initially brought in a Prices and Incomes rather than
  adopting the deregulation policies, becoming popular in Anglo-Saxon markets.
Growth & Inflation There was a recession in 1974/75 due to the oil crises and global economic downturn, but since then Demoland has managed to grow through the world's and most recently the region's problems. Inflation peaked at 21% in 1974.
Stock Market History Foreign investors missed the excitement of the 1988 stock market bubble driven by retail speculators, as the first limited investments were only permitted in 1993, after the bubble had collapsed. Since then there has been a steady uptrend and share prices
  reached their old highs but this performance was no more than average by world standards, until the various emerging market currency crises caused a new decline. Heavy exposure to technology also caused under-performance since the Millennium.
Economic Structure The economy of this country has a high exposure to manufacturing which is 33% of GDP, and employs 35% of the workforce. Electrical and electronic goods are the principal exports.
  Economic Statistics Demoland World Period Source
  Population Growth (%) 1.0% 0.5% 2000-2005 UN
  GDP Growth (%) 6.2% 2.3% 1980-2006 UN
  Rate of Inflation (%) 2.8% 3.4% 1980-2006 UN
  GDP per Head (US$) $29,700 $34,600 2005 UN
  Agriculture / GDP (%) 3% 1% 2006 CIA
  Industry / GDP (%) 45% 24% 2006 CIA
  Services / GDP (%) 52% 74% 2006 CIA
Political System Demoland has governed under a democratic system since 1975, when life membership of the Upper Chamber was abolished. The President is elected by the Parliament every four years.
President Election: N/A Govt. System: Parliamentary Orientation: Rightwing
Parliament Election: Mar/2012 Election Cycle: 4 Years Administration: Coalition
Market Structure Like many regional rivals, Demoland has substantial participation by retail investors. Owing to limits on foreign ownership, that are slowly being dismantled, foreign institutions had not played an important role in the market. The country largely escaped the emerging markets
  owing to its relative isolation and traditional positive balance of payments.
Volatility of Correlation Market Cap Weighting GDP Weighting
Monthly Returns with Global Index Region World Region World
10.6% 21% 8% 1% 9% 1%
Funds Available Sponsor Symbol Listing Type Liquidity
Country Fund iShares ETF NYSDE Index ***
Copyright © 2010: Investors RouteMap Ltd., an Appointed Representative of Integral Asset Management Ltd, which is authorised and regulated by the Financial Services Authority to carry out investment business in the United Kingdom. Please read Financial Health Warning and Licence Agreement. UK laws apply exclusively. Principal sources: Consensus Economics, CFTC, FIBV, Global Financial Data, national governments and stock exchanges. Information and opinions are based on sources believed to be reliable and accurate. However the company does not guarantee this to be the case, and does not accept liability for any loss arising. These tables are for information only and do not constitute a solicitation to deal in any securities. Opinions are liable to change. Past performance is no guarantee of future success.

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