Forbes recommending .
Investment Guide
Seven Australian Stock Picks
Forbes.com staff, 12.02.04, 6:00 AM ET
NEW YORK -
China's voracious demand for raw materials and the U.S. appetite for gas and oil are driving the Australian economy today, along with a domestic real estate boom. Here are seven stocks that offer investors a way to participate, four of which are traded as American Depositary Receipts.
Company/Business Recent Price Price (52-Week High) Market Value ($ bil) P/E
BHP Billiton (nyse: BHP - news - people )/mining $21.76 $22.09 $67.80 20
MacQauarie Bank/banking 30.86 31.88 6.8 17
National Australia Bank (byse: NAB - news - people )/banking 107.35 122.9 33.3 13
Rio Tinto (NYSE: RTP - news - people )/mining 114.4 118.35 38.4 18
Westfield Group/real estate 11.76 11.82 19.8 NM
WMC Resources (nyse: WMC - news - people )/mining 20.68 21.5 5.9 10
Woodside Petroleum/oil and gas 14.13 14.93 9.4 13
All figures in U.S. dollars. Prices as of Nov. 11. NM: Not meaningful. Source: Worldscope via
Anybody heard of MacQauarie Bank? lol
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