SI
SI
discoversearch

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 21.19+0.1%Feb 12 3:59 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: needawin who wrote (691)6/13/1998 1:11:00 AM
From: npguy  Read Replies (1) of 947
 
The problem is, there are still many unknowns with the situation in
Indonesia. First and foremost, the government needs to solve the
food (distribution) crisis. Most of the businessmen are reluctant
to risk any more capital. Although there are no more riots in major
cities, there are still riots in some smaller cities. There isn't a
day that goes by without rumor of impending riot. People are very
jittery and with interest rate at 50+%, who would want to risk
it in doing businesses? Furthermore, the armed forces'
credibility in protecting the ethnic Chinese has been so
severely damaged during the recent rioting, it would take quite
awhile or some sort of actions by the government to ease the
ethnic Chinese's fears.

The other major unknown is the political situation. Who is next
after Habibie? Will the armed forces willing to relinquish the
power it has enjoyed since Indonesia's independence? Will a new
breed of religious based power structure emerge? There have
been numerous incidents where "undiserable" businesses were
attacked and burned to the ground. As many have said before,
a play on TLK is more or less a bet on the Rupiah will recover.
I tend to agree that the Rp. was a bargain before all the rioting;
but today, I am not sure anymore.

Regards,

TB
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News