SKM, S.K. Telecom, nyse, depressed buy, w/close stop Message Board

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Technology Stocks : SKM, S.K. Telecom, nyse, depressed buy, w/close stop

SKM 19.93

-0.8%

Nov 4 3:59 PM EST

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To: Rational who wrote (61)	12/30/1997 9:01:00 AM
From: Jyoti sharma	Read Replies (2) of 122

Sankar, You are right about the premium disappearing with Korean market opening up. This will take some time. SKM is selling at a very low valuation compared to US cellular companies. With Korean markets opening up their is a good chance of good companies being marked up. Their is another way to buy Korean companies with less premium by investing in Korea fund. KF is the oldest fund and buys its securities directly in Korea. KF is trading at a rough premium of less than 30%(Won 1600= dollar) . Buying Korea is prudent if one believes that the worst is over in Korea and Won will appreciate next year. IMHO if won stays below 1500 Korean stocks traded in US are no great bargain now. I have taken my profits in KEP and added to my positions in SKM speculating Won will end 1998 at 1000 to a dollar. You probably have a lot better handle on Won/Dollar rate and would appreciate your predictions. Good investing and happy new year. Jyoti

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