June 14, 2011

ATTENTION Investors and Finance Professionals:

If you are reading this you should sign up for ValuEngine's award-winning stock valuation and forecast service at the low price of $19.95/month! NO OBLIGATION, 14 Day FREE TRIAL!

CLICK HERE

The Beer from Impanema

Brazilian Beverage Giant AmBev (ABV,$ABV) Provides BRIC Exposure with ADR
Companhia de Bebidas das Americas AmBev (ABV), based in So Paulo, is engaged in producing, distributing and selling beer, carbonated soft drinks and other non-alcoholic and non-carbonated products in many countries across the Americas. It maintains an agreement with PepsiCo International, Inc. to bottle, sell and distribute Pepsi products in Brazil and in other Latin American countries, including Lipton Ice Tea, Gatorade, H2OH!, Propel and Frutzzz. In a recent Forbes.com article, author Ken Rapoza noted the dominance of Brazilian ADRs in his screening for BRIC stocks based on ValuEngine data. He also noted the following about AmBev: "Its both a growth stock and a dividend stock, trading at 19 times forward earnings and paying dividend yields of around 3.75%. Year-to-date, Ambev has outperformed Molson Coors Brewing Company and Anheuser Busch-InBev. " ValuEngine has issued a BUY recommendation for AmBev on Jun. 14, 2011. Based on the information we have gathered and our resulting research, we feel that AmBev has the probability to OUTPERFORM average market performance for the next year. The company exhibits ATTRACTIVE company size, risk and 5-year annualized return. Based on available data as of Jun. 14, 2011, we believe that ABV should be trading at $24.67. This makes ABV 27.38% overvalued. Fair Value indicates what we believe the stock should be trading at today if the stock market were perfectly efficient and everything traded at its true worth. For ABV, we base this on actual

earnings per share (EPS) for the previous four quarters of $1.50, forecasted EPS for the next four quarters of $0.91, and correlations to the 30- year Treasury bond yield of 4.21%. Subscribers can check out the latest valuation, forecast, and ratings figures on ABV from our Models HERE. Please Click Here to Sign Up for a FREE TRIAL of Our Award-Winning Stock Valuation and Forecast Service

MARKET OVERVIEW
Summary of VE Stock Universe
Stocks Undervalued Stocks Overvalued Stocks Undervalued by 20% Stocks Overvalued by 20% 60.61% 39.39% 26.73% 13.73%

SECTOR OVERVIEW
Sector
Aerospace Auto-Tires-Trucks Basic Materials Business Services Computer and Technology Construction Consumer Discretionary Consumer Staples Finance Industrial Products Medical Multi-Sector Conglomerates Oils-Energy Retail-Wholesale Transportation Utilities

Change
-0.18% -0.86% -0.79% -0.37% -1.12% -0.50% -0.54% -0.56% -0.28% -0.67% -0.76% 0.44% -1.70% -0.55% -0.78% -0.11%

MTD
-2.85% -5.41% -5.30% -4.25% -6.14% -7.61% -5.43% -4.35% -3.44% -4.95% -5.14% -2.81% -6.01% -4.86% -5.45% -2.38%

YTD
8.89% -14.57% -9.92% 3.97% 1.94% -12.58% -1.88% -9.44% -1.98% -4.63% 9.53% -1.42% -4.50% -0.34% -8.99% 2.55%

Valuation
4.15% undervalued 9.68% undervalued 10.67% undervalued 3.24% undervalued 6.54% undervalued 8.76% undervalued 5.34% undervalued 1.80% undervalued 5.30% undervalued 7.73% undervalued 5.52% undervalued 17.18% overvalued 0.89% undervalued 4.90% undervalued 0.80% overvalued 2.59% overvalued

Last 12MReturn
25.05% 36.46% 41.05% 13.40% 29.59% -0.09% 12.43% 14.01% 7.58% 24.24% 16.66% 30.02% 32.24% 19.98% 13.19% 21.75%

P/E Ratio
17.65 18.1 33.59 26.12 36.73 27.78 29.23 31.34 27.1 27.74 30.01 24.61 53.61 33.09 19.58 23.28