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Strategies & Market Trends : Asia Forum

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To: Stitch who wrote (2617)	3/12/1998 12:50:00 AM
From: B Tate	Read Replies (2) of 9980

Stitch, Mohan <<<<Some also suggested that the Employees' Provident Fund is expected to lend a hand to RHB to fund the acquisition and the capital injection that might be needed.>>> READ Malaysian gov't. This AM on the ASia Business Review (CNN) several analyst are questioning whether this is really a bail out by the Feds. RHB has no credibility now in the financial markets. (One reason they tried to recapitalize thru the Commerce Bank Merger). I wouldn't plan on this happening soon at the very best. As I mentioned on an earlier post Fair value is determined to be M$3.50 as of 15 Feb. for SDarby. This was prior to the announcement of the huge losses at Sime Bank. With the Ringgit headed to higher levels vs. the US dollar this would equate - at best - to .875 cents US, PRIOR to the debacle at Sime Bank. Beware of any valuation over 50 cents US. Just my opinion. BT

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