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Non-Tech : Thai Banking Sector-Has the Recovery Begun?
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To: Jethro who wrote (14)12/2/1998 12:18:00 AM
From: Lorare  Read Replies (1) of 17
 
Jethro, Thank you for your many insights and considerable knowledge on this subject. One distinct advantage of the ADR's is that they can trade at a premium. Like a closed end fund, they reflect future sentiment and if your bet is ultimately bullish, that premium should expand as the shares rise. I've pretty much put these banks out of mind for the next several years. I've taken a rather hefty stake and will wait patiently. If I wasn't so involved with the US tech sector right now I'd expand out into some other Thai stocks or S. Korean ones, although, like my bet on The Thai banking sector over the last year, I am putting whatever excess capital I can accumulate into the Russian market. Do you have any thoughts on that market?
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