Monday, October 1, 2007

Green Investment Highlight: Kookmin Bank

Some of the Fed rate cut ripple effect seems to be lifting Asian banks, along with their U.S. counterparts. Witness this morning's 5% pop in Kookmin Bank (KB), our sustainable play on the Asian financial sector.

Based in South Korea, Kookmin is a relatively safe play on the Asian boom and the consumer banking sector in particular. And we also like it because of its proximity to China and the Chinese markets.

In recent days, our KB recommendation has steadily moved up, and is now handing us 14% gains. But of course, I think the Asian banks, and our green play, have plenty to run still. So keep a close eye on this one... If the world credit situation and the markets continue brightening through the fall and winter, as I expect, KB could easily make more gains by year's end.

Good trading,


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