N-Q 1 nq033105sna.txt UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM N-Q QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY ------------------------------- Investment Company Act file number 811-4789 Scudder New Asia Fund, Inc. --------------------------- (Exact name of registrant as specified in charter) 345 Park Avenue New York, NY 10154 ------------------ (Address of principal executive offices) (Zip code) Charles Rizzo Two International Place Boston, Massachusetts 02110 --------------------------- (Name and address of agent for service) Registrant's telephone number, including area code: (617) 295-3488 -------------- Date of fiscal year end: 12/31 ----- Date of reporting period: 3/31/05 -------- Form N-Q is to be used by registered management investment companies, other than small business investment companies registered on Form N-5 (ss.ss. 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles. A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507. ITEM 1. SCHEDULE OF INVESTMENTS
Scudder New Asia Fund, Inc. Investment Portfolio as of March 31, 2005 (unaudited) --------------------------------------------------------------------------------------------------------------- Shares Value ($) --------------------------------- Common Stocks 96.8% Australia 2.2% Newcrest Mining Ltd. 157,588 2,118,887 Rio Tinto Ltd. 37,500 1,307,311 ----------- (Cost $1,440,774) 3,426,198 Canada 0.7% PetroKazakhstan, Inc. 27,800 1,116,726 (Cost $1,205,195) ----------- China 6.3% Chen Hsong Holdings Ltd. 572,000 322,689 China Oilfield Services Ltd. "H" 3,381,800 1,170,706 China Petroleum & Chemical Corp. "H" 4,124,000 1,678,798 China Telecom Corp., Ltd. "H" 3,624,000 1,266,166 China Vanke Co., Ltd. "B" 2,135,400 1,470,244 Ctrip.com International Ltd. (ADR)* 20,400 772,140 Foxconn International Holdings Ltd.* 1,688,000 914,398 Harbin Power Equipment Co., Ltd. "H" 2,781,300 706,072 People's Food Holdings Ltd. 1,867,400 1,368,805 ----------- (Cost $8,989,717) 9,670,018 Hong Kong 13.8% BOC Hong Kong Holdings Ltd. 394,700 723,668 Cheung Kong Holdings Ltd. 204,000 1,804,743 China Mobile Hong Kong Ltd. (ADR) 44,600 731,886 Citic Pacific Ltd. 257,000 751,284 Fountain Set Holdings Ltd. 1,431,300 903,801 Hong Kong Exchange & Clearing Ltd. 890,000 2,305,034 Hongkong Land Holdings Ltd. 646,000 1,737,740 Hutchison Whampoa Ltd. 286,000 2,429,338 Kingboard Chemical Holdings Ltd. 833,200 2,489,093 Li & Fung Ltd. 468,000 855,060 Midland Realty Holdings Ltd. 4,640,500 2,885,643 Shangri-La Asia Ltd. 942,000 1,364,788 Skyworth Digital Holdings Ltd. 3,878,700 576,873 Wing Hang Bank Ltd. 254,000 1,546,904 ----------- (Cost $16,510,620) 21,105,855 India 4.7% Bharti Tele-Ventures Ltd.* 149,300 707,103 Hotel Leelaventure Ltd.* 133,299 466,661 Housing Development Finance Corp., Ltd. 49,900 830,162 Jet Airways (India) Ltd.* 17,200 477,544 Jindal South West Holdings Ltd.* 39,325 141,723 Jindal Vijaynagar Steel Ltd. 157,300 1,298,558 Reliance Industries Ltd. 125,400 1,567,536 Satyam Computer Services Ltd. 113,700 1,063,456 Sintex Industries Ltd. 62,711 611,531 ----------- (Cost $5,926,570) 7,164,274 Indonesia 2.3% PT Telekomunikasi Indonesia (ADR) 50,100 938,874 PT Telekomunikasi Indonesia "B" 5,346,000 2,525,958 ----------- (Cost $2,048,350) 3,464,832 Japan 19.8% AEON Mall Co., Ltd. 86,000 3,348,410 Chiyoda Corp.* 345,000 3,593,817 Diamond City Co., Ltd. 26,000 660,729 eAccess Ltd.* 750 636,482 JFE Holdings, Inc. 42,600 1,187,858 Jupiter Telecommunications Co., Ltd.* 662 527,847 Kamigumi Co., Ltd. 138,000 1,153,110 KDDI Corp. 188 930,971 Matsui Securities Co., Ltd. 199,500 2,623,286 Mitsubishi Tokyo Financial Group, Inc. 330 2,862,072 Modec, Inc. 31,000 695,281 Nissan Motor Co., Ltd. 69,000 707,181 Nitto Denko Corp. 25,000 1,310,268 Park24 Co., Ltd. 94,000 1,753,241 Sega Sammy Holdings, Inc.* 18,000 1,094,470 Sumitomo Corp. 309,000 2,648,242 Sumitomo Realty & Development Co., Ltd. 166,000 2,003,208 Taisei Corp. 197,000 738,543 Tosoh Corp. 361,000 1,784,296 ----------- (Cost $21,046,435) 30,259,312 Korea 19.7% Daegu Bank 415,300 3,063,119 Daewoo Shipbuilding & Marine Engineering Co., Ltd. 69,300 1,303,427 Entergisul Co., Ltd. 37,383 901,897 GS Holdings Corp.* 60,900 1,508,257 Honam Petrochemical Corp. 15,500 793,698 Hyundai Mobis 26,100 1,701,447 Insun ENT Co., Ltd. 39,000 746,972 INTOPS Co., Ltd. 40,500 833,530 Korea Exchange Bank* 115,300 938,977 Korea Information Service, Inc. 80,100 1,774,741 KT&G Corp. 43,200 1,403,840 LG Electronics, Inc. 30,230 2,027,241 Mtekvision Co., Ltd.* 20,000 591,827 NEPES Corp.* 748 7,513 S-Oil Corp. 8,800 682,856 Samsung Electronics Co., Ltd. 19,880 9,827,435 Seoul Semiconductor Co., Ltd. 23,600 569,375 SFA Engineering Corp. 35,750 823,781 Taegu Department Store Co., Ltd. 83,600 740,916 ----------- (Cost $17,939,333) 30,240,849 Malaysia 3.9% Airasia Bhd.* 2,357,200 973,896 Commerce Asset-Holding Bhd. 1,442,000 1,737,989 Maxis Communications Bhd. 443,100 1,101,920 Resorts World Bhd. 485,300 1,194,093 SP Setia Bhd. 942,300 991,895 ----------- (Cost $6,591,781) 5,999,793 Philippines 1.5% Manila Water Co.* 6,134,200 738,790 Philippine Long Distance Telephone Co. (ADR)* 41,800 1,053,778 SM Investments Corp.* 110,950 461,617 ----------- (Cost $1,976,011) 2,254,185 Singapore 1.5% Capitaland Ltd. 1,105,000 1,573,073 Chartered Semiconductor Manufacturing Ltd. (ADR)* 116,700 716,538 ----------- (Cost $2,282,093) 2,289,611 Taiwan 15.4% AU Optronics Corp. (ADR) 79,700 1,168,402 Cathay Financial Holding Co., Ltd. 387,000 734,546 China Steel Corp. 1,262,000 1,407,963 CHIPBOND Technology Corp. 395,000 483,940 Chungwha Telecom Co., Ltd. 1,071,000 2,216,378 Formosa Chemicals & Fibre Corp. 599,000 1,220,586 Hon Hai Precision Industry Co., Ltd. 297,849 1,323,521 Hotai Motor Co., Ltd. 395,700 825,160 Hung Poo Real Estate Development Corp. 775,000 542,397 Mega Financial Holding Co., Ltd. 2,408,520 1,551,862 Siliconware Precision Industries Co. 3,147,400 2,732,222 Ta Chong Bank Ltd.* 3,791,982 1,215,610 Taiwan Semiconductor Manufacturing Co., Ltd. 2,794,040 4,567,164 United Microelectronics Corp. 449,000 271,486 XAC Automation Corp. 359,000 419,323 Yang Ming Marine Transport 764,000 739,605 Yuanta Core Pacific Securities Co. 1,619,926 1,185,149 Zyxel Communications Corp. 467,000 1,030,169 ----------- (Cost $20,541,680) 23,635,483 Thailand 5.0% Bangkok Bank PCL (Foreign Registered) 915,000 2,619,632 Precious Shipping PCL (Foreign Registered) 907,900 1,195,216 PTT Exploration and Production PCL (Foreign Registered) 142,100 1,082,459 Thai Olefins PCL (Foreign Registered)* 583,300 1,013,916 The Siam Cement Public Co., Ltd. (Foreign Registered) 266,400 1,797,792 ----------- (Cost $5,644,019) 7,709,015 Total Common Stocks (Cost $112,142,578) 148,336,151 ----------- Warrants 0.0% Hong Kong Kingboard Chemical Holdings Ltd.* (Cost $841) 91,000 74,088 ----------- Preferred Stocks 2.2% Korea Daishin Securities Co., Ltd. 209,100 2,079,675 Samsung Electronics Co., Ltd. 3,800 1,247,957 ----------- Total Preferred Stocks (Cost $2,055,536) 3,327,632 Rights 0.0% Thailand True Corp. PCL* (Cost $0) 299,999 0 ----------- % of Net Assets Value ($) ---------- --------- Total Investment Portfolio (Cost $114,198,955) 99.0 151,737,871 Other Assets and Liabilities, Net 1.0 1,554,452 ----------- Net Assets 100.0 153,292,323 ===========
For information on the Fund's policies regarding the valuation of investments and other significant accounting policies, please refer to the Fund's most recent semi-annual or annual financial statements. * Non-income producing security. ADR: American Depositary Receipt At March 31, 2005, the Scudder New Asia Fund, Inc. had the following sector diversification: As a % of Investment Sector Value ($) Percent (%) ----------------------------------------------------------------------- Financials 42,791,526 28.2 Information Technology 32,991,608 21.7 Industrials 27,920,291 18.4 Materials 18,061,582 11.9 Telecommunication Services 11,473,034 7.6 Consumer Discretionary 9,256,851 6.1 Energy 5,731,545 3.8 Consumer Staples 2,772,644 1.8 Utilities 738,790 0.5 --------------------------------- Total Investment Portfolio 151,737,871 100.0 --------------------------------- SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Registrant: Scudder New Asia Fund By: /s/ Julian Sluyters --------------------------- Julian Sluyters Chief Executive Officer Date: May 26, 2005 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. Registrant: Scudder New Asia Fund By: /s/ Julian Sluyters --------------------------- Julian Sluyters Chief Executive Officer Date: May 26, 2005 By: /s/ Paul Schubert --------------------------- Paul Schubert Chief Financial Officer Date: May 26, 2005