INDONESIA'S PT TELECOM(TLK) Message Board

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Technology Stocks : INDONESIA'S PT TELECOM(TLK)

TLK 20.72

+0.2%

1:38 PM EST

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To: Louis Cristiano who wrote (710)	6/17/1998 11:31:00 AM
From: tom	Read Replies (1) of 947

But if the bank in question was BCA then it did go bankrupt. Being by far the biggest bank in Indonesia that's quite important. Also, most of the Indonesian banking industry are surviving on emergency government loans at the moment (ie the government is printing money to keep them afloat ergo the currency is weakening). I agree that the media over plays the rioting angle a bit but it does not even touch on how bad the actual economy is. At 16,000 Rupiah to the dollar there are very few viable companies in Indonesia. As Jim Rogers said "Indonesia won't even be a country in 5 years time" TLK will survive but the stock is overvalued. Compared to the rest of the Indonesian market it is extremely overvalued. The only way it will make money is if the government allow them to DOUBLE phone charges which they probably aren't too keen to do at the moment.

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