INDONESIA'S PT TELECOM(TLK) Message Board

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Technology Stocks : INDONESIA'S PT TELECOM(TLK)

TLK 20.93

-0.9%

Nov 21 9:30 AM EST

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To: Jyoti sharma who wrote (287)	2/10/1998 7:12:00 AM
From: tom	Read Replies (2) of 947

Do you worry that, as we have seen today, when the Rupiah strengthens as people expect Indo start a currency board then Telkom and Indosat fall back towards their pre-crisis levels? If Telkom fell back to 3000 Rps (it got down to 2000 just before the crisis) then at 5000 Rp/US$ TLK would trade at around US$10. That doesn't seem to leave much upside as TLK is already trading at US$9.7 in London at the moment. The downside is back down to US$2 if something unexpected happens in the meantime (which always seems to happen in Indo) Tom

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