Thailand & Korea bottoming out? Message Board

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Strategies & Market Trends : Thailand & Korea bottoming out?

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To: Chuck Martin who wrote (16)	6/17/1997 7:58:00 PM
From: JEFF CHAPMAN	of 26

Sorry about the timing, Chuck. I see the bid went as low as 6 3/4 today, but closed at 7 3/4 ask. IMHO, this premium of around 3/4 to the SET foreign board is too large, especially given the uncertainty of BBL's non-performing loans. That being said, I still think 2 years out BBL is a great investment (I'm just looking for pricing more in line with the SET foreign levels, as the conditions are right-- when they're cryin' you should be buyin', when they're yellin' you should be sellin'). >Bangkok Bank (BBL) led the fall buffeted by rumors and media reports that its level of NPL could be as high as 18 percent of total loans, a trader with a foreign brokerage said. It lost 10 baht to close at 122 baht

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