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Non-Tech : TD Waterhouse Group (TWE)
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To: Philip Tung who wrote (175)6/22/1999 2:42:00 AM
From: edwin mok  Read Replies (2) of 1413
 
Regarding valuation,

I think Waterhouse on-line trading business can be valued at least in par with AMTD, which has a a market cap of $5.2B as for today. One should note that online trading only account for 25% of their business, so I would not be surprise to see a $10B market cap for this company.

-Edwin
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