INDONESIA'S PT TELECOM(TLK) Message Board

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Technology Stocks : INDONESIA'S PT TELECOM(TLK)

TLK 19.59

+0.4%

Oct 31 9:30 AM EST

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To: RDH who wrote (803)	8/21/1998 9:49:00 AM
From: RDH	Read Replies (1) of 947

The increase of revenue (for TLK) this half over last year, looks pretty good on the surface until you realize that those rupiahs buy 80% less. Those rupiahs buy less gold, less silver, less automobiles, less foreign goods, even in many, many cases less domestic goods. So really TLK took a pretty heavy revenue hit. I am holding off on repurchasing at the current price, since I expect year end tax loss selling on TLK (around December) to further drive down the price. I have seen this many times, and since the financial statement for the next half will not come out until Feb 99, I see nothing to make the price go up except for a betterment of the Indonesian currency. How likely is that? I don't know. This morning we saw both the Indonesian stock market go down and further weakening of the currency -- double bad news for the ADR (TLK). Does anyone have a feeling for the chances of Indonesia's currency strengthening before the end of the year. Please share your thoughts. - RDH.

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