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Strategies & Market Trends : Asia Forum

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To: Thomas Haegin who wrote (1781)1/31/1998 4:45:00 PM
From: Duke  Read Replies (1) of 9980
 
Thanks Thomas for your answering. I guess I have to consider Asia Mutual fund if I'm interesting in Asia markets. Also I have noticed the differences between US market and Asia Market in term of called unit. For example: TLK is trade in Jakarta as 4800 Rupiah/unit while in US it's traded around $7 per share and (1US=10K Rupiah). When I asked my agent why so much difference, he explaind that 1 TLK/US share have to be divided into 20, the result will equal 1 TLK/unit in Jakarta. I believe that not all ADR is calculated like that. You have any idea why is that?

Thanks again.

Duke.
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