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: tom who wrote (292)	2/10/1998 7:58:00 AM
From: Jyoti sharma	Read Replies (1) of 947

tom, We are speculating what the trading level of TLK will be if currency board is activated in Indonesia. IMHO if Indonesian currency stabilizes around 5000 for a period of time and normalcy returns to Indonesia, TLK will be trading a lot higher. I do not know whether a currency board will work in Indonesia, perhaps Sankar can provide us his expert opinion. I have a small position in TLK, sold IIT and watching the events unfold in Indonesia. On fundamentals I feel TLK is undervalued, but political and economic conditions makes it a pure speculation. This morning's WSJ has a big write up on currency board in Indonesia. Best wishes, Jyoti

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