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Microcap & Penny Stocks : ChinaMallUSA.com (CHML)
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To: Richard Monge who wrote (43)6/27/1999 10:30:00 PM
From: money@work  Read Replies (1) of 122
 
MORGAN STANLEY SEES BOOM IN ASIAN NET STOCKS...READ:

HONG KONG (Reuters) - Morgan Stanley Dean Witter Asia said Thursday it expected to see the market capitalization of Internet companies in Asia top US$200 billion in the next few years as Internet use in the region explodes.
''I believe the market cap of the Internet-related stocks will easily value US$200 billion in Asia in the next three to five years,'' chairman John S. Wadsworth told a news conference.
Wadsworth said market capitalization of the Internet-related stocks in the United States had grown rapidly to US$700 billion -- excluding Microsoft Corp (Nasdaq:MSFT - news) -- in the past five years from near zero.
Asia would likely follow the U.S. model, he said.
Gurinder Kalra, Morgan Stanley's Asian Internet e-commerce and technology research analyst, said Internet usage in Asia would grow explosively and regional telecommunications operators would have a definite advantage.
Kalra said Hong Kong Internet services and content providers would be advised to partner with global leaders to gain access to brand and technology advantages. Many leading U.S. Internet firms are now looking for partners in Asia, he added.
Kalra said he expected the compound annual growth rate of the number of Internet subscribers in Asia to exceed 38 percent over the next five years, growing to more than 40 million subscribers from the current eight million.
''We expect Asian PC unit growth to average 22 percent a year over the next five years. This compare with an expected 14 percent rate globally and an 11 percent growth rate in the U.S.,'' he said.
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