INDONESIA'S PT TELECOM(TLK) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : INDONESIA'S PT TELECOM(TLK)

TLK 22.19

+1.4%

3:59 PM EST

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: tom who wrote (212)	2/3/1998 12:44:00 PM
From: Rational	Read Replies (1) of 947

First Call estimates puts at 22X for the next year at the current price of 5000 Rp per share in Jakarta. I am wondering how the local buyers (mostly foreign investors) are missing your calculation. The price was unchanged in Jakarta, so was the exchange rate; but the price drops here by 3/4. I think the most unpredictable part on Indonesian stocks (as I have emphasized in all my posts) is the political uncertainty. Antara reports that the local demand for Rp has gone up; some investors are buying Rp at 8300 per USD, although sellers were selling at 11400; it closed at 10200. [At this rate TLK should be $9.8] Antara also reports that Suharto does not want to name the VP at this time -- I think foreigners are reacting to this. My only problem with this reaction is that Rp did not fall in Jakarta after the news was released and most buyers in Jakarta were foreigners; even in the off-shore trading Rp remains stable; but there must be an anticipation that Rp will deteriorate. This anticipation was there even yesterday when TLK closed in NYSE at a small discount -- but the Rp did not fall. Sankar

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next