N-Q 1 nq033106sna.htm N-Q FILING

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: 03/31/06

Form N-Q is to be used by registered management investment companies, other than small business investment companies registered on Form N-5 (§§ 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. § 3507.

 

ITEM 1. SCHEDULE OF INVESTMENTS

 

 

 

Investment Portfolio                            as of March 31, 2006 (Unaudited)  

 

Scudder New Asia Fund, Inc.

 

 

 

Shares

 

Value ($)

 

Common Stocks 96.0%

 

Australia 0.9%

 

Newcrest Mining Ltd. (Cost $394,530)

 

110,888

 

1,856,015

China 8.6%

 

Beijing Capital International Airport Co., Ltd. "H"

 

1,606,000

 

921,067

China Construction Bank "H", 144A*

 

2,681,900

 

1,252,958

China Petroleum & Chemical Corp. "H"

 

3,900,000

 

2,261,845

China Telecom Corp., Ltd. "H"

 

3,427,100

 

1,214,634

China Vanke Co., Ltd. "B"

 

3,029,100

 

3,493,997

Foxconn International Holdings Ltd.*

 

1,596,300

 

3,003,677

Harbin Power Equipment Co., Ltd. "H"

 

2,630,200

 

2,220,322

Shanghai Electric Group Co., Ltd. "H"*

 

3,555,800

 

1,500,840

SINA Corp.*

 

47,100

 

1,314,090

 

 

 

 

17,183,430

Hong Kong 15.6%

 

Advanced Semiconductor Manufacturing Corp. "H"*

 

474,000

 

98,730

Cheung Kong (Holdings) Ltd.

 

193,000

 

2,043,387

China Mobile (Hong Kong) Ltd. (ADR)

 

42,200

 

1,119,988

China Resources Power Holdings Co., Ltd.

 

1,471,500

 

1,071,506

Citic Pacific Ltd.

 

243,000

 

729,706

FU JI Food & Catering Services

 

817,300

 

1,695,873

Hong Kong Exchanges & Clearing Ltd.

 

842,000

 

5,073,172

Hongkong Land Holdings Ltd.

 

610,900

 

2,272,548

Hutchison Whampoa Ltd.

 

270,000

 

2,472,371

Kingboard Chemical Holdings Ltd.

 

787,900

 

2,386,299

Li & Fung Ltd.

 

442,000

 

996,888

Link (REIT)*

 

440,700

 

954,197

Midland Realty Holdings Ltd.

 

4,388,400

 

2,460,262

Nine Dragons Paper Holdings Ltd.*

 

1,936,000

 

1,322,413

Norstar Founders Group Ltd.

 

3,303,800

 

1,575,438

Shangri-La Asia Ltd.

 

890,000

 

1,433,791

Solomon Systech International Ltd.

 

2,856,000

 

1,389,508

Wing Hang Bank Ltd.

 

240,200

 

2,016,848

(Cost $18,466,631)

 

31,112,925

India 4.7%

 

Bharti Tele-Ventures Ltd.*

 

154,400

 

1,471,843

Hotel Leelaventure Ltd.

 

133,299

 

1,042,428

Infosys Technologies Ltd.

 

25,200

 

1,684,719

Jindal South West Holdings Ltd.*

 

37,325

 

159,743

Reliance Capital Ventures Ltd.*

 

125,400

 

70,308

Reliance Communication Ventures Ltd.*

 

125,400

 

870,755

Reliance Energy Ventures Ltd.*

 

125,400

 

122,441

Reliance Industries Ltd.

 

125,400

 

2,243,392

Reliance Natural Resources Ltd.*

 

125,400

 

93,980

 

 


 

 

Sintex Industries Ltd.

 

326,400

 

1,687,011

(Cost $4,813,105)

 

9,446,620

Indonesia 4.6%

 

PT Bank Mandiri

 

4,413,500

 

822,269

PT Indosat Tbk

 

599,900

 

339,068

PT Indosat Tbk (ADR)

 

39,400

 

1,106,746

PT Medco Energi Internasional Tbk

 

3,685,300

 

1,682,617

PT Telekomunikasi Indonesia "B"

 

5,055,500

 

3,830,867

PT Telekomunikasi Indonesia (ADR)

 

47,400

 

1,436,694

(Cost $5,287,294)

 

9,218,261

Japan 17.3%

 

AEON Mall Co., Ltd.

 

81,000

 

4,032,795

Chiyoda Corp.

 

265,000

 

6,169,074

Diamond City Co., Ltd.

 

25,000

 

1,155,480

eAccess Ltd.

 

750

 

579,864

JFE Holdings, Inc.

 

40,600

 

1,638,488

KDDI Corp.

 

178

 

951,249

Matsui Securities Co., Ltd.

 

188,700

 

2,616,469

Nissan Motor Co., Ltd.

 

65,000

 

772,048

Nitto Denko Corp.

 

24,000

 

2,037,043

Park24 Co., Ltd.

 

89,000

 

3,039,762

Sumitomo Corp.

 

292,000

 

4,157,961

Sumitomo Realty & Development Co., Ltd.

 

157,000

 

4,348,513

Taisei Corp.

 

386,000

 

1,849,652

UFJ Central Leasing Co., Ltd.

 

22,000

 

1,186,916

(Cost $14,285,416)

 

34,535,314

Korea 19.8%

 

Daegu Bank

 

311,200

 

5,813,380

Hynix Semiconductor, Inc.*

 

48,300

 

1,436,672

Hynix Semiconductor, Inc. (GDR) (REG S) 144A*

 

55,800

 

1,644,983

Hyundai Mobis

 

15,100

 

1,336,558

INTOPS Co., Ltd.

 

38,300

 

1,359,973

Korea Exchange Bank*

 

109,000

 

1,379,889

Korea Information Service, Inc.*

 

75,700

 

1,480,342

KT&G Corp.

 

40,900

 

2,306,834

LG Card Co., Ltd.*

 

32,900

 

1,770,965

NEPES Corp.*

 

753

 

9,881

POSCO (ADR)

 

30,900

 

1,971,420

Samsung Electronics Co., Ltd.

 

14,260

 

9,246,398

Samsung Engineering Co., Ltd.

 

65,200

 

2,201,070

SK Corp.

 

42,000

 

2,818,444

STX Pan Ocean Co., Ltd.*

 

1,846,400

 

1,011,272

Taegu Department Store Co., Ltd.

 

79,100

 

1,400,288

Wooree ETI Co., Ltd.*

 

31,100

 

403,314

Woori Finance Holdings Co., Ltd.

 

96,000

 

1,906,958

(Cost $19,770,124)

 

39,498,641

Malaysia 2.8%

 

Airasia Bhd.*

 

2,229,200

 

1,065,242

Resorts World Bhd.

 

532,700

 

1,909,163

SP Setia Bhd.

 

1,573,700

 

1,606,557

YTL Corp. Bhd.

 

706,900

 

978,847

(Cost $5,266,363)

 

5,559,809

 

 


 

 

Philippines 2.3%

 

Manila Water Co.

 

5,801,000

 

748,370

Philippine Long Distance Telephone Co. (ADR)

 

66,700

 

2,505,919

SM Investments Corp.

 

312,750

 

1,399,917

(Cost $3,344,073)

 

4,654,206

Taiwan 15.1%

 

Asustek Computer, Inc.

 

593,000

 

1,607,714

AU Optronics Corp. (ADR)

 

118,173

 

1,761,959

Cathay Financial Holding Co., Ltd.

 

817,100

 

1,460,074

Chungwha Telecom Co., Ltd.

 

578,300

 

1,090,376

Hon Hai Precision Industry Co., Ltd.

 

337,159

 

2,087,865

Hotai Motor Co., Ltd.

 

374,200

 

772,414

Hung Poo Real Estate Development Corp.

 

1,433,900

 

1,175,093

Powerchip Semiconductor Corp.

 

3,242,700

 

1,898,156

Siliconware Precision Industries Co.

 

3,213,676

 

4,183,120

Silitech Technology Corp.

 

287,500

 

1,421,623

SinoPac Financial Holdings Co., Ltd.

 

5,075,500

 

2,572,268

Ta Chong Bank Ltd.*

 

3,585,982

 

789,925

Taiwan Semiconductor Manufacturing Co., Ltd.

 

2,774,734

 

5,488,175

United Microelectronics Corp.

 

2,745,201

 

1,733,802

Yang Ming Marine Transport

 

722,000

 

440,427

Yuanta Core Pacific Securities Co.

 

2,583,846

 

1,560,250

(Cost $23,894,453)

 

30,043,241

Thailand 4.3%

 

Airports of Thailand PCL (Foreign Registered)

 

603,100

 

748,542

Bangkok Bank PCL (Foreign Registered)

 

865,300

 

2,581,989

Krung Thai Bank PCL (Foreign Registered)

 

3,156,700

 

885,094

Precious Shipping PCL (Foreign Registered)

 

858,600

 

629,456

Thai Oil PCL (Foreign Registered)

 

502,800

 

853,628

The Siam Cement PCL (Foreign Registered)

 

251,900

 

1,658,814

True Corp. PCL (Foreign Registered)*

 

4,402,600

 

1,189,127

(Cost $7,206,338)

 

8,546,650

Total Common Stocks (Cost $111,159,736)

 

191,655,112

 

Warrants 0.0%

 

Hong Kong

 

Kingboard Chemical Holdings Ltd.* (Cost $795)

 

86,100

 

42,167

 

Preferred Stocks 2.4%

 

Korea

 

Daishin Securities Co., Ltd.

 

197,700

 

2,991,139

Samsung Electronics Co., Ltd.

 

3,600

 

1,843,351

Total Preferred Stocks (Cost $1,924,850)

 

4,834,490

 

Rights 0.0%

 

Thailand

 

True Corp. PCL* (Cost $0)

 

299,999

 

0

 

Cash Equivalents 1.0%

 

Cash Management QP Trust, 4.64% (a)
(Cost $1,976,658)

 

 

1,976,658

 

1,976,658

 

 


 

 

 

% of
Net Assets

 

Value ($)

Total Investment Portfolio (Cost $ 115,062,039)

99.4

 

198,508,427

Other Assets and Liabilities, Net

0.6

 

1,194,765

Net Assets

100.0

 

199,703,192

 

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)

Cash Management QP Trust, an affiliated fund, is managed by Deutsche Investment Management Americas Inc. The rate shown is the annualized seven-day yield at period end.

144A: Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities may be resold in transactions exempt from registration, normally to qualified institutional buyers.

ADR: American Depositary Receipt

GDR: Global Depositary Receipt

REIT: Real Estate Investment Trust

 

At March 31, 2006, the Scudder New Asia Fund, Inc. had the following Sector diversification:

 

 

Market Value ($)

 

As a % of Common and Preferred Stocks

 

Financials

 

54,396,235

 

27.7

%

 

Information Technology

 

45,011,340

 

22.9

%

 

Industrials

 

40,434,115

 

20.6

%

 

Telecommunication Services

 

17,739,999

 

9.0

%

 

Materials

 

13,236,584

 

6.7

%

 

Consumer Discretionary

 

12,934,889

 

6.6

%

 

Energy

 

7,738,975

 

3.9

%

 

Utilities

 

2,690,631

 

1.4

%

 

Consumer Staples

 

2,306,834

 

1.2

%

 

Total Common and Preferred Stocks

196,489,602

 

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/Michael Colon

 

Michael Colon

 

President

 

Date:

May 19, 2006

 

 

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/Michael Colon

 

Michael Colon

 

President

 

Date:

May 19, 2006

 

 

 

By:

/s/Paul Schubert

 

Paul Schubert

 

Chief Financial Officer and Treasurer

 

Date:                                                 May 19, 2006