N-Q 1 nq093005sna.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) Paul Schubert 345 Park Avenue New York, NY 10154 (Name and address of agent for service) Registrant's telephone number, including area code: (212) 454-7190 -------------- Date of fiscal year end: 12/31 ----- Date of reporting period: 9/30/05 -------- 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
Investment Portfolio as of September 30, 2005 (Unaudited) ----------------------------------------------------------------------------------------- Scudder New Asia Fund, Inc. Shares Value ($) --------------------------------- ----------------------------------------------------------------------------------------- Common Stocks 96.1% ----------------------------------------------------------------------------------------- Australia 1.1% Newcrest Mining Ltd. (Cost $417,301) 117,288 1,876,532 China 7.4% Beijing Capital International Airport Co., Ltd. "H" 1,698,000 744,223 Chen Hsong Holdings Ltd. 572,000 302,320 China Petroleum & Chemical Corp. "H" 4,124,000 1,887,268 China Techfaith Wireless Communication Technology Ltd. (ADR)* 34,800 328,860 China Telecom Corp., Ltd. "H" 3,624,000 1,366,472 China Vanke Co., Ltd. "B" 3,203,100 1,779,649 Foxconn International Holdings Ltd.* 1,688,000 1,827,841 Harbin Power Equipment Co., Ltd. "H" 2,781,300 1,604,455 Shanghai Electric Group Co., Ltd. "H"* 3,760,000 1,272,342 SINA Corp.* 31,200 858,000 Yanzhou Coal Mining Co., Ltd. "H" 996,000 783,205 ----------- (Cost $9,229,265) 12,754,635 Hong Kong 15.9% Cheung Kong Holdings Ltd. 204,000 2,303,673 China Mobile (Hong Kong) Ltd. (ADR) 44,600 1,098,944 China Resources Power Holdings Co., Ltd. 1,556,000 987,876 Citic Pacific Ltd. 257,000 718,918 Fountain Set Holdings Ltd. 1,431,300 696,521 FU JI Food & Catering Services 616,100 698,909 Global Bio-chem Technology Group Co., Ltd. 2,494,000 1,133,293 Hong Kong Exchanges & Clearing Ltd. 890,000 3,051,816 Hongkong Land Holdings Ltd. 646,000 2,028,440 Hutchison Whampoa Ltd. 286,000 2,960,521 Kingboard Chemical Holdings Ltd. 833,200 2,078,341 Li & Fung Ltd. 468,000 1,082,921 Midland Realty Holdings Ltd. 4,640,500 2,691,931 Norstar Founders Group Ltd. 3,064,400 888,822 Shangri-La Asia Ltd. 942,000 1,523,987 Skyworth Digital Holdings Ltd. 3,878,700 481,503 Solomon Systech International Ltd. 3,020,000 1,090,063 Wing Hang Bank Ltd. 254,000 1,879,456 ----------- (Cost $20,349,794) 27,395,935 India 5.3% Bharti Tele-Ventures Ltd.* 101,900 818,020 Dr. Reddy's Laboratories Ltd. (ADR) 28,400 552,664 Hotel Leelaventure Ltd. 133,299 786,966 Housing Development Finance Corp., Ltd. 49,900 1,180,265 Infosys Technologies Ltd. 25,200 1,443,030 Jindal South West Holdings Ltd.* 39,325 180,543 Jindal Vijaynagar Steel Ltd. 157,300 1,036,917 Reliance Industries Ltd. 125,400 2,263,790 Sintex Industries Ltd. 65,280 994,831 ----------- (Cost $6,318,398) 9,257,026 Indonesia 3.8% PT Indosat Tbk 634,400 326,439 PT Indosat Tbk (ADR) 41,700 1,042,500 PT Medco Energi Internasional Tbk 3,897,000 1,371,517 PT Telekomunikasi Indonesia (ADR) 50,100 1,042,581 PT Telekomunikasi Indonesia "B" 5,346,000 2,776,806 ----------- (Cost $4,823,313) 6,559,843 Japan 15.7% AEON Mall Co., Ltd. 86,000 3,356,061 Chiyoda Corp. 280,000 5,155,039 Diamond City Co., Ltd. 26,000 987,139 eAccess Ltd. 750 564,878 JFE Holdings, Inc. 42,600 1,384,725 KDDI Corp. 188 1,059,901 Matsui Securities Co., Ltd. 199,500 2,423,454 Nissan Motor Co., Ltd. 69,000 787,738 Nitto Denko Corp. 25,000 1,407,241 Park24 Co., Ltd. 94,000 2,008,016 Sumitomo Corp. 309,000 3,260,941 Sumitomo Realty & Development Co., Ltd. 166,000 2,459,584 Taisei Corp. 408,000 1,678,436 UFJ Central Leasing Co., Ltd. 12,000 522,199 ----------- (Cost $14,531,515) 27,055,352 Korea 21.1% Daegu Bank 415,300 5,054,442 Daelim Industrial Co., Ltd. 6,800 479,617 Daewoo Shipbuilding & Marine Engineering Co., Ltd. 69,300 1,560,661 Dongbu Insurance Co., Ltd. 139,000 2,018,064 Hyundai Mipo Dockyard Co., Ltd. 12,600 905,606 Hyundai Mobis 25,900 2,127,101 INTOPS Co., Ltd. 40,500 863,560 Korea Exchange Bank* 115,300 1,287,250 Korea Information Service, Inc. 80,100 1,485,323 KT&G Corp. 43,200 1,871,241 LG Card Co., Ltd.* 34,800 1,317,298 LG Electronics, Inc. 28,700 1,922,501 NEPES Corp.* 748 9,856 POSCO (ADR) 32,700 1,849,512 Samsung Electronics Co., Ltd. 15,180 8,553,752 Samsung SDI Co., Ltd. 8,010 832,856 SK Corp. 29,800 1,727,743 Taegu Department Store Co., Ltd.* 83,600 1,077,547 Woori Finance Holdings Co., Ltd. 101,500 1,468,759 ----------- (Cost $20,380,356) 36,412,689 Malaysia 4.2% Airasia Bhd.* 2,357,200 975,652 Commerce Asset-Holding Bhd 1,442,000 2,142,531 Resorts World Bhd 485,300 1,416,370 SP Setia Bhd 1,664,100 1,713,109 YTL Corp. Bhd 747,500 1,090,807 ----------- (Cost $7,360,896) 7,338,469 Philippines 2.4% Manila Water Co. 6,134,200 689,236 Philippine Long Distance Telephone Co. (ADR) 70,500 2,146,725 SM Investments Corp. 330,750 1,285,955 ----------- (Cost $3,579,670) 4,121,916 Taiwan 14.7% AU Optronics Corp. (ADR) 86,873 1,125,874 Cathay Financial Holding Co., Ltd. 387,000 721,860 China Steel Corp. 918,540 819,297 CHIPBOND Technology Corp. 415,994 526,487 Chungwha Telecom Co., Ltd. 611,500 1,068,750 Formosa Chemicals & Fibre Corp. 658,900 994,738 Hon Hai Precision Industry Co., Ltd. 356,159 1,658,151 Hotai Motor Co., Ltd. 395,700 1,037,378 Hung Poo Real Estate Development Corp. 775,000 460,065 Mega Financial Holding Co., Ltd. 1,763,520 1,115,967 Optimax Technology Corp. 501,000 815,236 Siliconware Precision Industries Co. 3,398,676 3,430,885 SinoPac Financial Holdings Co., Ltd.* 2,786,000 1,297,064 Ta Chong Bank Ltd.* 3,791,982 1,074,103 Taiwan Semiconductor Manufacturing Co., Ltd. 2,933,734 4,711,938 United Microelectronics Corp. 2,902,901 1,863,217 XAC Automation Corp. 420,000 364,497 Yang Ming Marine Transport 764,000 483,464 Yuanta Core Pacific Securities Co. 2,834,846 1,810,994 ----------- (Cost $22,619,975) 25,379,965 Thailand 4.5% Bangkok Bank PCL (Foreign Registered) 915,000 2,541,357 Krung Thai Bank PCL (Foreign Registered) 3,184,500 822,407 Precious Shipping PCL (Foreign Registered) 907,900 962,204 Thai Olefins PCL (Foreign Registered) 1,176,500 1,834,474 The Siam Cement PCL (Foreign Registered) 266,400 1,648,571 ----------- (Cost $6,304,749) 7,809,013 ----------------------------------------------------------------------------------------- Total Common Stocks (Cost $115,915,232) 165,961,375 ----------------------------------------------------------------------------------------- Warrants 0.0% ----------------------------------------------------------------------------------------- Hong Kong Kingboard Chemical Holdings Ltd.* (Cost $841) 91,000 32,846 ----------------------------------------------------------------------------------------- Preferred Stocks 2.3% ----------------------------------------------------------------------------------------- Korea Daishin Securities Co., Ltd. 209,100 2,304,409 Samsung Electronics Co., Ltd. 3,800 1,653,282 ----------------------------------------------------------------------------------------- Total Preferred Stocks (Cost $2,055,536) 3,957,691 ----------------------------------------------------------------------------------------- Rights 0.0% ----------------------------------------------------------------------------------------- Korea 0.0% Nepes Corp.* (Cost $367) 126 454 Thailand 0.0% True Corp. PCL* (Cost $0) 299,999 0 ----------------------------------------------------------------------------------------- Total Rights (Cost $367) 454 Cash Equivalents 1.0% Scudder Cash Management QP Trust, 3.74% (a) 1,734,423 1,734,423 (Cost $1,734,423) % of Net Assets Value ($) ----------------------------- Total Investment Portfolio (Cost $ 119,706,399) 99.4 171,686,789 Other Assets and Liabilities, Net 0.6 988,871 ----------------------------------------------------------------------------------------- Net Assets 100.0 172,675,660
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. (a) Scudder Cash Management QP Trust is managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end. ADR: American Depositary Receipt At September 30, 2005, the Scudder New Asia Fund, Inc. had the following Sector diversification: As a % of Sector Market Value ($) Common Stocks ----------------------------------------------------------------------------- Financials 46,772,332 28.2% Information Technology 32,980,777 19.9% Industrials 31,830,266 19.2% Materials 18,518,631 11.2% Telecommunication Services 14,166,061 8.5% Consumer Discretionary 12,605,763 7.6% Energy 4,986,528 3.0% Consumer Staples 1,871,241 1.1% Utilities 1,677,112 1.0% Health Care 552,664 0.3% Total Common Stocks 165,961,375 100.0% 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, Inc. By: /s/Vincent J. Esposito ---------------------- Vincent J. Esposito President Date: November 22, 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, Inc. By: /s/Vincent J. Esposito ---------------------- Vincent J. Esposito President Date: November 22, 2005 By: /s/Paul Schubert ---------------------- Paul Schubert Chief Financial Officer and Treasurer Date: November 22, 2005