Hong Kong Telecom
"Hong Kong Telecom (HKT, NYSE, around $30) is the exclusive franchise provider of local and international telecommunications in Hong Kong," says Alston Barrow of Favorably Positioned Stocks, Tampa, Fla.
"The big opportunity in owning shares of this company will come through China's growth. The Communist government owns a 20 percent stake in Hong Kong Telecom. The big risk is the future of Hong Kong when it reverts to Communist control in 1997. Balance-sheet strength is tops. We recommend purchase."
"Plenum Publishing (PLEN, OTC, around $22) produces scientific, technical, and medical books and journals," says The Clean Yield, Greensboro Bend, Vt.
"In 1990, 42 percent of the company's sales were international. The audience for Plenum includes scientists, engineers and research workers, who appreciate such titles as Journal of Inorganic and Organometallic Polymers. Plenum also published seven Russian books in English. Plenum should do well during the next year. Buy."
"Interpublic, (IPG, NYSE, around $50) one of the largest advertising agencies in the world, is extremely well-positioned to benefit from the growth potential in Eastern Europe and the Soviet Union," Andrew Addison, The Addison Report, Franklin, Mass.
"With more than 300 offices located around the world, the firm has the expertise to capitalize quickly on these new opportunities. Interpublic boasts the best balance sheet in the industry. The stock boasts powerful upside volume. Buy below $49."
"The Spanish stock market, currently trading at 10.4 times earnings and 37 percent below its high, is one of the world's more attractive equity markets. Among individual issues, we recommend Empressa Nacional (ELE, NYSE, around $27), which provides roughly 33 percent of Spain's electricity needs," says Dessauer's Journal of Orleans, Mass.
"Its earnings record is impressive. The stock sells at 7.4 times earnings. The stock has the potential to rise to the $35-$40 level over the next 12 months."