[Foreign]More Brazil Stocks

Brazil is definitely the country on the rise along with the other three of BRIC four countries - Russia, India and China. Last Tuesday we have introduced the ETF and four stocks, two related to steel and two banks from Brazil. Today we'll introduce more Brazil ADRs from different sectors.

• Petroleo Brasileiro(PBR): the Big Oil of Brazil operates in oil exploration and development, oild supply, natural gas and power. The state-run company is based in Rio de Janeiro, the Brazil capital. The stock was down 2% today despite a new discovery of new giant oil field. The stock has gained more than 60% this year and is now trading near all time high at $68.77 per share with P/E ratio of 8.84 relatively cheap compare with other Big Oil companies such as Exxon Mobil which has P/E ratio of 10.54 and BP with P/E ratio of 11.31.
• Companhia Siderurgica Nacional(SID): the Sao Paulo based integrated steel producer sells its product to Brazil and 61 other countries in North America, Europe and Asia. The stock is trading at $21.36 per share with P/E ratio of 5.44, compare with 10.75 of RIO and 7.1 of GGB. The company has consistant revenue and income growth for the past 3 years.